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Construction workers secure 7.6% pay increase

Construction Enquirer

Construction unions and contractors have agreed a pay increase from next month of at least 6% for around 500,000 site workers operating under the Construction Industry Joint Council agreement. Unite national officer Jerry Swain said: “Following lengthy negotiations, Unite was able to secure a significant increase in construction pay rates.

Security 127
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What is a ‘Lump Sum Contract’: Understanding Fixed-Price Agreements

Building Radar

A “lump sum contract”, also known as a fixed-price contract, is one of the most common types of agreements in the construction industry. For more detailed insights on fixed-price agreements, consider visiting Procore’s guide on lump sum contracts. What is a Lump Sum Contract?

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Persimmon targets subcontractors in cost-cutting drive

Construction Enquirer

Group Chief Executive Dean Finch said said: “We are reviewing our subcontractor pricing on a more frequent basis to identify opportunities to secure increased savings. .” The house building giant highlighted cost control measures in its latest results as sales continued to slump.

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LEAN Job Order Contracting

Job Order Contracting

Effectively manage concept development, requests for proposals, joint site visits, proposal reviews and negotiations, approvals/notices to proceed, regular inspections, checklists, close-outs, warranties, and more! Security Features. Service Level Agreement. Make better decisions faster. Components. Service level. Price List.

Contract 100
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8 Main Types of Construction Contracts

Autodesk Construction Cloud

The construction industry uses different kinds of agreements depending on the project’s scope, delivery, schedule, budget, and the parties involved. A construction contract agreement gets everyone involved in a project on the same page. . These agreements limit the cost-risk for the customer. If only it were that simple.

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Setting up a Job Order Contract Using Best Management Practices

Job Order Contracting

d) An indefinite-delivery, indefinite-quantity (task order) contract which provides for the use of negotiated, definitive, bilateral orders (i.e., The minimum guarantee need not be the same amount that was used to secure the work of the basic contract. through discussions and negotiations. d) Negotiations. (1)

Contract 100
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Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

The difference between secured and unsecured debts. For this reason, construction professionals must find better ways to craft and negotiate agreements. Karalynn also emphasizes the importance of negotiating who takes on certain risks and liabilities. We discuss: The current state of construction contracts.