Cost Escalation Of Building Contracts
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Cost Escalation Of Building Contracts
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Author : F. J. Bromilow
language : en
Publisher:
Release Date : 1975
Cost Escalation Of Building Contracts written by F. J. Bromilow and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975 with Building categories.
Study Of Price Adjustment Contract Administration In Nepalese Construction Contracts Road
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Author : Sabin Koirala
language : en
Publisher: GRIN Verlag
Release Date : 2020-10-05
Study Of Price Adjustment Contract Administration In Nepalese Construction Contracts Road written by Sabin Koirala and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-05 with Technology & Engineering categories.
Master's Thesis from the year 2019 in the subject Engineering - Civil Engineering, , language: English, abstract: One of the wide ranging problems which construction industry is facing is the fluctuation in prices of construction inputs which is causing most of the projects to be completed at cost much higher than the original contract prices. In the recent past, we have seen significant price escalation occurring not only with the basic construction materials but also with the labor and fuel which creates uncertainty among the participants involved in a construction project. To overcome the effect of price fluctuations, certain methods or contract clauses are desired to deal with this uncertainty. The main purpose of the price adjustment clauses is to allow the contractors and clients to adjust the increase or decrease in prices. In addition to this, it also encourages competitive bidding. The objective of this research study is to study importance of price adjustment in construction contract and analyzing the response of the different stakeholders in construction contracts regarding FIDIC formula and suggesting for improvement. Similarly, identifying different cost element, weightings and determining contingency is also goal of research so that price adjustment contract administration becomes systematic, equitable and with less ambiguity. Recently, the price fluctuation of construction materials and services in Nepal has become severe and very much unpredictable. Most of the contractors in Construction Industry, especially local contractors, are facing strong challenges during bid process due to the high uncertainty of predicting what would happen during the course of the execution of the project. Based on the above explained fact, the research problem has been addressed in this research by conducting diagnostic survey among ten contracting firms working on ADB project, collecting data with the help of questionnaire, distributed to contractors, consultant, client and conducting desk study on ADB projects, World bank projects, Midhill highway and RIP projects under department of Road whose construction were started after 2014 and construction progress was more than 80 %.
Cost Escalation As A Risk In Construction Contracts
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Author : Smitha Yadav
language : en
Publisher:
Release Date : 2019
Cost Escalation As A Risk In Construction Contracts written by Smitha Yadav and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
The increase in cost due to inflation has been a concern in the construction industry. In long-term projects, it becomes even more essential to know the cost for future planning and budget approval. This study attempts to adopt the probabilistic approach to put forth the prediction of cost escalation and compares the same with the actual cost and World Bank formula to demonstrate how the proposed method could lead to a more realistic way of forecasting.
Design Build Explained
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Author : David E. L. Janssens
language : en
Publisher:
Release Date : 1991
Design Build Explained written by David E. L. Janssens and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Building categories.
Looks at examples of the design-build contract in operation to demonstrate its usage and format. The BBC Headquarters is one example where the contract prevented cost escalation, delay and loss and expense by the contractor without any detriment to the architectural freedom of design.
Price Escalation Clauses In Highway Construction Contracts
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Author : Kingsley T. Hoegstedt
language : en
Publisher:
Release Date : 1974*
Price Escalation Clauses In Highway Construction Contracts written by Kingsley T. Hoegstedt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1974* with Road construction contracts categories.
Because of the energy crisis and current inflation, highway construction contractors are not only having difficulty in obtaining materials for existing contracts, but also in obtaining firm price quotations for materials to be delivered at a future time for highway construction contracts for which they are submitting bids. In California the principal problems appear to be in obtaining of (1) fuels (gasoline and diesel) for equipment needed in the prosecution of the work, (2) asphaltic products which go into the work, and (3) some steel products, such as rebar. Because of these problems the contractors requested the Department of Transportation to consider a material cost escalation clause. The possible use of a cost escalation clause was studied and it was concluded that the Department would not adopt one at this time.
Rise And Fall And Cost Reimbursement Clauses
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Author : Roy Green
language : en
Publisher:
Release Date : 1991
Rise And Fall And Cost Reimbursement Clauses written by Roy Green and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Construction contracts categories.
Contractual Arrangements
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Author : Construction Industry Cost Effectiveness Project (New York, N.Y.)
language : en
Publisher:
Release Date : 1982
Contractual Arrangements written by Construction Industry Cost Effectiveness Project (New York, N.Y.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Construction industry categories.
Transaction Cost Economic Analysis Of Institutional Change Toward Design Build Contracts For Public Transportation
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Author : Jan Whittington
language : en
Publisher:
Release Date : 2006
Transaction Cost Economic Analysis Of Institutional Change Toward Design Build Contracts For Public Transportation written by Jan Whittington and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Road construction contracts categories.
Modifications And Claims Guide
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Author : United States. Army. Corps of Engineers
language : en
Publisher:
Release Date : 1976
Modifications And Claims Guide written by United States. Army. Corps of Engineers and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Construction contracts categories.
Target Cost Contracting Strategy In Construction
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Author : Daniel W.M. Chan
language : en
Publisher: Routledge
Release Date : 2016-10-14
Target Cost Contracting Strategy In Construction written by Daniel W.M. Chan and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-14 with Business & Economics categories.
The problems inherent in the traditional design-bid-build procurement method often lead to the adversarial working relationships within the construction industry. Target cost contracts, accompanied by a gain-share/pain-share arrangement serving as a cost incentive mechanism, have emerged in the United States, the United Kingdom, Australia and Hong Kong with the aim of achieving better value for money and more satisfactory overall project performance under a collaborative working relationship. This book presents the underlying principles, practicalities and a series of short case studies of applying the target cost contracting strategy. Principles begin with the fundamentals then cover the development of target cost contracting in major countries/cities, definitions of target cost contracting, perceived benefits, potential difficulties and critical success factors for implementation. Practices include the target cost contracting approach and process in general, the key risk factors, risk assessment model, risk allocation and risk mitigation measures for target cost contracts in particular, together with a conceptual framework for the performance measurement of target cost contracts. Several short real-life case studies from the United Kingdom, Hong Kong, Australia and New Zealand are provided for further illustration. The book will appeal to a wide spectrum of readers from industrial practitioners to undergraduate students, researchers and academics interested in construction contracts and procurement methods.