Remove Definition Remove Insurance Remove Negotiation
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What is the Difference Between ‘Hard Costs’ and ‘Soft Costs’ in Construction: A Detailed Comparison

Building Radar

In this guide, we’ll explore the definitions of hard and soft costs, provide examples, and discuss strategies to manage them efficiently. Insurance : Various types of insurance that cover both the construction process and long-term property insurance.

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7 Things Contractors Need to Know About Retainage

Fieldwire

Retainage is up for negotiation Retainage is not set in stone. Every contract is negotiable, including what percentage is retained and for how long. BLOG How to Streamline Construction Processes from Planning to Payments Learn more → In addition, the same contract has a provision for negotiating variable retainage.

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Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

AFARS) The above definition of a unit price book clearly notes the requirement that the JOC unit price book reflect both local and current costs for the work to be performed using JOC. 5117.9001 Definitions. The contracting officer shall negotiate the modification and make a determination that the price is fair and reasonable. (d)

Contract 231
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Leaseback: Get a New Building While Keeping Capital in Your Business

Wolgast Corporation

By definition, leaseback is a construction delivery method whereby a developer builds, finances, and leases a facility back to a business owner, allowing him or her to keep capital in the business. Also, the terms are negotiated in the contract and the lessee has flexibility to negotiate many of the terms mentioned above with the developer.

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What to Know About the “Contract” in General Contracting

Contractor Connection

A contract protects you, your budget, and your property, so make sure to consider the following as you negotiate your agreement: Licensing. While the contractor’s proof of insurance documents may not be attached to the contract itself, you can request that his or her insurance details are stated in the contract.

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The most important construction KPIs to improve profits and productivity

Lets Build

While we’ll discuss examples of construction KPIs that fit this definition below, it’s also important to develop unique ones for your organisation and each project; one-size-fits-all doesn’t work for KPIs. Investing in health and safety lowers the frequency of unexpected costs, like expensive insurance payments and lost time.

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The most important construction KPIs to improve profits and productivity

Lets Build

While we’ll discuss examples of construction KPIs that fit this definition below, it’s also important to develop unique ones for your organisation and each project; one-size-fits-all doesn’t work for KPIs. Investing in health and safety lowers the frequency of unexpected costs, like expensive insurance payments and lost time.