Handbook of Construction Management and Organization |
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Page 348
Target Estimate with Penalty and Incentive - Fee Contracts This type of contract is particularly suited to projects for which only preliminary plans and specifications are available when it is offered for bids , but because of the ...
Target Estimate with Penalty and Incentive - Fee Contracts This type of contract is particularly suited to projects for which only preliminary plans and specifications are available when it is offered for bids , but because of the ...
Page 420
A simplified weighing formula was then used to convert these three time estimates into a single one referred to as the ... This formula , based on statistical approximations , required multiplying the most probable estimate by 4 ...
A simplified weighing formula was then used to convert these three time estimates into a single one referred to as the ... This formula , based on statistical approximations , required multiplying the most probable estimate by 4 ...
Page 484
Budget Preparation When the estimate of costs has been made at the same level at which costs will be captured , the estimate becomes the budget . However , where estimates have been made at other than cost code level , it is necessary ...
Budget Preparation When the estimate of costs has been made at the same level at which costs will be captured , the estimate becomes the budget . However , where estimates have been made at other than cost code level , it is necessary ...
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Common terms and phrases
accounting activities actual additional agent agreed agreement amount application bank basis become bond building capital changes charged complete concrete considered construction contract contractor cost COST AMOUNT cover detailed determine developed direct engineer equipment estimate expense experience facilities field Figure final financing handling important increase interest involved joint venture labor less limited loan loss machine maintenance major materials matter ment method necessary needed normally operations organization owner payment percent performance period personnel plans plant possible practice prepared preventive problems procedures production profit proposal purchase rates reason received records repair responsibility result schedule specifications statement subcontractors supplies surety tion tractor underwriter UNIT UNIT COST usually various