Remove Compensation Remove Materials Remove Negotiation Remove Risk
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Construction Cost Data Information

Job Order Contracting

As a result, users of national average price books generally attempt to compensate by attempting to add extra hours to the work to be performed. Unfortunately, alternative methods of compensating for a national average cost book include inflate quantities and/or to adding unnecessary activities.

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Contracts need risk management

Construction Law

Covid is having an ongoing impact, unsurprisingly, and it appears that projects that showed signs of stress before Covid impacted on working practices and materials supplies have suffered more than those that were going well before. Worryingly, some 60% of survey respondents expect the number of disputes to rise this year.

Risk 52
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With Inflation, How Can We Help Construction Costs Stay Down?

Fieldwire

The sharp rise in prices has made essential materials such as steel, lumber and insulation unaffordable for many professionals, especially independent contractors. BIM provides real-time data on material costs and availability, helping you stay up-to-date on deliveries despite high prices and material shortages.

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A Recipe for Retaining Your Purchasing Talent

Pro Builder

A good purchasing professional must understand the construction process, local building codes, risk management, the enterprise resource planning system, schedules, the installing trades in a given market and the materials they use, alternative materials that could be used, their cost drivers, and so on—all while being an excellent negotiator.

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International Arbitration Experts Discuss The Impact On The Global Economy

Constructlaw

Seeking relief, many businesses have been reviewing contracts to determine whether any contrac­tual provision may excuse performance obligations (such as force majeure or ‘ material adverse event ’ clauses), and looking to common law impossibility or frustration of purpose doctrines for help.

Claims 40
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Winning More Construction Bids: A Complete Guide

Autodesk Construction Cloud

Contract negotiation and formation. Once the owner selects a bid, they’ll move on to the contract negotiation and formation stage. Construction contracts come in different forms, including: Cost-Plus Contract, where contractors are compensated for all construction-related expenses. How to Perfect Your Construction Bid.

Bidding 52
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Labour Contract Vs Material Contract - Which Contract is Better for Constructing your House?

Civil Lead

When we are planning to construct a building or house the first question comes in our mind is we have to give a material contractor or labour contract. Whereas in the material contract all materials and labour required for the construction are supplied by the contractor. While the contractor may or may not do that.