Change Orders - How to Plan, Mitigate, and Minimize the impact of Changes on Your Construction Projects.
Prior to committing to a contract it's necessary to requisition funds, waiting until after a contract has been signed to know the full cost can be problematic.
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?
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?
This week in the news we find an article from Passenger Terminal Today.com about a request for proposal for a new terminal at Newark International Airport. The story tells us that three joint-venture (JV) firms have been shortlisted for a design-build agreement to build a new Terminal at Newark Airport. The three JV firms feature … Continue reading Procurement Strategies for Construction.
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
In a March 7, 2017 article Spend Matters published 3 Ways for Procurement to Prove it's Value (Other than Cost Savings). The article addresses Revenue generation, operational efficiency, and retaining top talent as it's three observations. These three business goals are seldom associated with procurement, but when deployed strategically, I have no doubt that procurement … Continue reading The Value of Procurement.
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
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
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
Many property Owners and construction professionals have the misconception that the only way to solicit pricing for design and construction services is to request a fixed price lump sum quote. There certainly are occasions when fixed price lump sum quotes are a good choice, but this should not be taken for granted. In order to … Continue reading Pricing models what are they and when are they used?
In an article posted on December 4, 2016 the Bangkok Post announced that the First Batch of air-conditioned NGV buses have arrived. The article reports that these buses will be delivered by December 29 following a procurement cycle that took FOURTEEN (14) years! That's right! The next time you complain about the time it takes … Continue reading How Much Time Should Procurement Take?