Systematic Approach for Determining Construction Contract Time: A Guidebook (2022) / Chapter Skim
Currently Skimming:
Pages 120-124
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 120... ...
120 A+B method Also known as cost-plus-time bidding. is method involves time, with an associated cost, in the low-bid determination.
|
From page 121... ...
Glossary 121 Controlling activities Work items that are expected to drive a project's schedule. They are likely to be on the critical path, but they may not be part of the critical path in all projects.
|
From page 122... ...
122 Systematic Approach for Determining Construction Contract Time: A Guidebook Liquidated damages The daily amount set forth in the contract to be deducted from the contract price to cover additional costs incurred by a state DOT because of the contractor's failure to complete the contract work within the number of calendar days or workdays specified. The term may also mean the total of all daily amounts deducted under the terms of a particular contract (23 CFR 635.102)
|
From page 123... ...
Glossary 123 Technical factors Project resource-related factors that are typically used to calculate an estimated duration of the project under normal construction conditions. They may include work items, quantities of work items, production rates, and the like.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.