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 376
costs until engineering and investigations have proceeded to the point that definite projections of costs can be made and estimates can be arrived at as to the anticipated cost of the several parts of the project .
costs until engineering and investigations have proceeded to the point that definite projections of costs can be made and estimates can be arrived at as to the anticipated cost of the several parts of the project .
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 ...
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Common terms and phrases
accounting activities actual additional 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 funds handling important increase interest involved joint venture labor limited loan loss machine maintenance major manager materials matter ment method necessary needed normally operations organization owner paid payment percent performance period personnel plans plant possible practice prepared present problems procedures production profit proposal purchase rates reason received records repair reports responsibility result schedule specifications statement subcontractors supplies surety tion tractor underwriter UNIT UNIT COST usually various