Construction Dive
DECEMBER 11, 2014
By Paul Levin Pricing of claims and change orders falls into two categories: forward pricing, where the price and time is negotiated before the work is done; and post pricing -- pricing and schedule adjustments made during or after performance of the work. Many different methodologies have been used to successfully price claims.
Construction Dive
SEPTEMBER 24, 2013
By Bruce Jervis Contractors frequently speak of, and even account for, their overhead costs in a loose, generic manner. Job site or field overhead is very distinct from home office or general and administrative overhead. When contractors treat overhead as a unitary item, problems arise. There is a flaw in this approach.
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Job Order Contracting
FEBRUARY 20, 2018
coefficient (reference table of allowable overhead). Each Job Order is broken down into individual tasks of work, and a total price is developed based upon the. The contractor typically bears overhead costs as part of the proposed coefficient of the JOC program. authorization. UPB rate and the Contractor’s multiplier.
Construction Cost Estimating
NOVEMBER 25, 2014
Construction Forms for Excel include : Estimation Forms for Construction: Bid Plan Log, Time and Materials Log, Estimate Sheet, Job Estimate, Telephone Bid Sheet, Itemized Proposal, Job Cost Report, Take Off Estimate, Time and Materials Estimate, Request for Proposal Log, Overhead Calculation.
Best Practices Construction Law
MARCH 2, 2020
Paragraph 47 of the contract stated that it was a “cost plus contract” with specific fees for overhead, warranty and profit to the contractor, while another part of the contract included language that the “agreed upon price is $282,000.00.”
Best Practices Construction Law
AUGUST 16, 2012
If this happens, you want to know that you can recover your losses for additional labor, extended overhead, and other monetary damages. Dormitory Authority of State of New York , appellate court enforced a no-damages-for delay clause against a contractor, rejecting a $10m delay claim. In the recent case of Plato General Construction v.
NH Construction Law
APRIL 26, 2018
Sometimes this unanticipated time/space compression is the owner’s fault, in which case the general contractor/construction manager and its subcontractors will likely be entitled to increased compensation by change order or otherwise -- and to a mechanic’s lien if that increase is not paid. But how is that sum calculated?
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