Handbook of Construction Management and Organization |
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Page 51
In a fixed - price target contract it is common for the parties to negotiate a target cost , a target profit , and a ceiling price as well as a formula for determining the final profit and price . Upon completion of the work required ...
In a fixed - price target contract it is common for the parties to negotiate a target cost , a target profit , and a ceiling price as well as a formula for determining the final profit and price . Upon completion of the work required ...
Page 210
formed and all earnings realized under the contract , including all extra work , changed work , or work covered by any amendments or extensions of the original contract for which final settlement is intended .
formed and all earnings realized under the contract , including all extra work , changed work , or work covered by any amendments or extensions of the original contract for which final settlement is intended .
Page 222
the same pattern as the monthly specific plant operations report illustrated in Figure 13-32-8 , except that all costs would be final to completion of the job and there would be no information shown for the period .
the same pattern as the monthly specific plant operations report illustrated in Figure 13-32-8 , except that all costs would be final to completion of the job and there would be no information shown for the period .
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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