Construction Marketing
JUNE 19, 2023
A solid commitment to safety can help reduce legal liabilities resulting from accidents or non-compliance with safety regulations. Certifications exhibit adherence to industry standards and regulations, such as those set by Occupational Safety and Health Administration (OSHA).
Construction Cost Estimating
JULY 22, 2014
Many times, the contractor has to face problem for relying on the subcontractor’s low bid as after being awarded the prime contract to the contractor, the subcontractor refuses to work at the price originally bid. So it is important for a contractor to assess properly whether he/she can hold a subcontractor to its bid.
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NH Construction Law
APRIL 29, 2021
Sometimes the benchmark is budgeted costs, i.e., the contractor’s actual buyout costs at bid time (or those of their subs if the subcontract prices are similarly allowed to fluctuate). Often the benchmark is indexed costs, for example the producer price index or “PPI” published by the Bureau of Labor Statistics.
Building Information Management
NOVEMBER 6, 2013
Owners have reams of rules and regulations to follow in order to put a project out for bid fairly. Job Order Contracting offers an alternative to traditional bidding processes. Federal acquisition regulations require a lengthy process of design, bidding and award for all contracts above a certain dollar amount.
Building Information Management
JULY 31, 2014
Performance and value-based vs. low-bid. These tasks form the pricing basis for collaboratively-scoped projects, thus providing price certainty and meeting most procurement regulations. Life-cycle cost vs. first-cost focus.
Job Order Contracting
OCTOBER 25, 2017
All significant conditions, such as requirements for compatibility with existing laws, regulations, contracts. Updating the base year coefficient using pre-established and industry standard and/or regulated criteria via predetermined formulas is also a method for economic adjustment. Results of the need analysis. Performance Period.
Best Practices Construction Law
MAY 27, 2016
The Federal Acquisition Regulation (FAR) defines “accrual” as: the date when all events, that fix the alleged liability of either the Government or the contractor and permit assertion of the claim, were known or should have been known. million; and.
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