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Cost-Plus Vs. GMP Construction Contracts

Rabbet

When evaluating what type of contract to use, they likely have different priorities, too. There are many different types of contracts , but two of the most common are cost-plus and guaranteed maximum price. Keep reading to understand the difference between the two and evaluate which one is right for you.

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Controlling Construction Costs, Rocket Science, and Time Travel

Job Order Contracting

Controlling construction costs is not rocket science, nor does it involve time travel. Any real property owner can control construction costs for facilities repair, renovation, maintenance, and new build projects. Controlling Construction Costs is not rocket science 1.

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How to Simplify Billing and Invoicing in Construction Projects

UK Construction Blog

Key features such as job costing, WIP reporting, and retainage management ensure financial control throughout the project. Job costing functionality is the life-blood of any construction accounting system. It should let contractors assign costs to specific job codes and match them against estimates.

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What Does an Assistant Construction Manager Do?

Building Radar

The role of an Assistant Construction Manager is crucial in ensuring that projects are completed on time, within budget, and according to specifications. This ensures that projects are completed efficiently, reducing costs and enhancing profitability. Skills Required for an Assistant Construction Manager 1.

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When Speed Counts: EPCM Delivery for Industrial and Manufacturing Projects

Civil + Structural Engineer

Owners building complex industrial projects face a wide range of risks in delivering their projects as quickly and as cost-effectively as possible. Costs: As the scope is likely to evolve and change across the design and construction phases, EPCM projects can expect additional engineering costs as work progresses.

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Job Order Contracting Overview

Job Order Contracting

While traditional construction delivery methods are fraught with problems, Job Order Contracting can consistently deliver quality repair, renovation, maintenance, and new construction projects on-time and on-budget. The latter used for estimating, negotiating, project control and closeout.

Contracts 105
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DRMP Leads Largest LED Lighting Conversion Project in Florida

Civil + Structural Engineer

That is why Florida’s Turnpike Enterprise (FTE) has chosen DRMP as the prime consultant for the Districtwide HPS to Light-Emitting Diode (LED) Conversion Contract, which will convert 65.2 This translates to increased public safety as well as reduced maintenance and power costs. miles of roadway to modern LED lighting for Phase 1.