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What is the usual percentage of preliminaries in construction contract?
20% of the total cost
Does increased cost of construction insurance clause affect the co-insurance clause of the policy?
NO, Increased Cost of Construction is exactly as stated, also known as "Replacement Cost". It does not affect the Coinsurance clause of your insuring contract
What is mobilization cost?
the cost for transfer of a contractor's physical and manpower resources to a construction site until the completion of the contractthe cost for transfer of a contractor's physical and manpower resources to a construction site until the completion of the contract
What is a construction contract?
A construction contract can be explained as the warranty that ensures that the executed job gets the specific amount of compensation or the way compensation will be distributed. Moreover, a construction contract is negotiated specifically for the construction of an asset or a group of interrelated assets.
What are the components of construction contract software?
Construction contract software is often multifaceted and includes sections for both the business and payment aspect of the construction contract as well as the plans and human resources aspect.
How much was the construction of the Victoria falls bridge?
The Cleveland Bridge company was awarded the contract n 1903, the cost of the work to be £72,000.00
What must be included in construction contracts?
Construction contacts are quite complicated. However, one should ensure they have the cost of the contract, the payment options, the terms and conditions set between the parties, etc.
Im looking for a solid construction contract template.Any contractors out there can give ne advice.?
Hello, you can find construction templates at: www.docstoc.com/search/Construction-Contract-Template/
What is the cost in excess of billing in long term construction contracts?
Cost in Excess of Billing is an Asset Account that means the contract is under-billed. Actual billings are less than Revenue Earned.
What is Cost plus variable fee?
It is a type of contract, mostly for construction, whereas the fee over cost payable to the contractor varies depending, most usually, on the trade i.e. item of the works.
How does a company draw up a construction management contract?
A construction management contract is drawn up in line with CDM regulations. The contract outlines the specific duties for all parties involved from the very start of a construction project with a focus on Health and Safety.
What has the author B Cooke written?
B. Cooke has written: 'Contract planning and contractual procedures' 'Construction planning, programming, and control' -- subject(s): Building, Planning 'Cost and financial control for construction firms' -- subject(s): Construction industry, Finance, Management
