Five Simple Steps for Converting Cost Plus Rates into a Guaranteed Maximum Price.

How one Cost Plus arrangement can be converted from variable rates into a Guarantee Maximum Price.

To GMP or not to GMP that is the question?

In a recent article about pricing models, I gave a brief overview on a pricing model known as Guaranteed Maximum Price (GMP). This pricing model is often used because of the provisions that protect Owner's from change orders. These provisions are often misunderstood and Owner's believe that once the price is set, it cannot be … Continue reading To GMP or not to GMP that is the question?

Should you hire an engineer directly or through an architect

In last week's article, I asserted that Architects are uniquely qualified to coordinate the various building systems of a project.  I discussed the qualifications and training that makes them better suited to this task and gave my own experience of failure when the roles were reversed. Today I want to address a growing trend I … Continue reading Should you hire an engineer directly or through an architect

Architect’s versus Engineer’s: Who leads the project?

Architects and engineers are essential members of nearly every construction project.  There are very few projects where you wont need the skill sets from both.  The division of labor between architects and engineers is a well-known and accepted concept, but have you ever considered, who leads the project? For anyone in construction, this may seem … Continue reading Architect’s versus Engineer’s: Who leads the project?

Best Practices: Open Book Bidding

Over the last few years, I have noticed an increase in the number of construction contracts using "open book" provisions.  The term "open book" describes a contract provision that allows Owners full transparency into the General Contractor's sub-contracts. It should be noted that "open book" provision are not the same as audit rights.  Audit rights … Continue reading Best Practices: Open Book Bidding

When do You Need a Permit? (Part 4) Work Permits

As part of this multi-part series on the most common construction permits, this entry addresses the 6 considerations of work permits. Click here to read the first part where I explain the 6 considerations in detail. Click here to read the second part where I review zoning applications. Click here to read the third part where I … Continue reading When do You Need a Permit? (Part 4) Work Permits

When do You Need a Permit? (Part 3) Plan Approval

As part of a multi-part series about the most common types of permits this entry addresses the 6 considerations of plan approvals. Click here to read the first part where I explain the 6 considerations in detail. Click here to read the second part where I review zoning applications. In the news on March 21, … Continue reading When do You Need a Permit? (Part 3) Plan Approval

When do You Need a Permit? (Part 2) Zoning Application

As part of a multi-part series on the most common types of permits, this entry addresses the 6 considerations of zoning applications. Click here to read the first part where I explain these 6 considerations in detail. This week's news story is right out of my back yard here in Bucks County Pennsylvania where we … Continue reading When do You Need a Permit? (Part 2) Zoning Application