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An embankment is a raised wall, bank or mound made of earth or stones, that are used to hold back water or carry a roadway. A road , railway line , or canal is normally raised onto an embankment made of compacted soil (typically clay or rock-based) to avoid a change in level required by the terrain , the alternatives being either to have an ...
A cost plus contract states that a client agrees to reimburse a construction company for building expenses such as labor, materials, and other costs, plus additional payment usually stated as a percentage of the contract's full price. This type of construction contract is an alternative to lump sum agreements.
Embankment dam, a dam made of mounded earth and rock; Land reclamation along river banks, usually marked by roads and walkways running along it, parallel to the river, as in: The Thames Embankment along the north side of the Thames River in London, England The Victoria Embankment contained within the Thames Embankments
Various abbreviations used for this type of contract are LSTK for lump sum turn key, EPIC for engineering, procurement, installation & commissioning and EPCC for engineering, procurement, construction and commissioning. Use of EPIC is common, e.g., by FIDIC and most Persian Gulf countries. Use of LSTK is common in the Kingdom of Saudi Arabia.
Cuts are typically used in road, rail, and canal construction to reduce a route's length and grade. Cut and fill construction uses the spoils from cuts to fill in defiles to create straight routes at steady grades cost-effectively. Cuts are used as alternatives to indirect routes, embankments, or viaducts.
Construction law builds upon general legal principles and methodologies and incorporates the regulatory framework (including security of payment, planning, environmental and building regulations); contract methodologies and selection (including traditional and alternative forms of contracting); subcontract issues; causes of action, and liability, arising in contract, negligence and on other ...
A trade group has asked the incoming Trump administration to consider a "comprehensive plan" for updating the U.S. Securities and Exchange Commission's regulatory framework for investment ...
Construction cost - the total cost to construct a project. This value usually does not include the preplanning, site or right of way acquisition, or design costs, and may not include start-up and commissioning costs. This total or subtotal is usually identified as such in an estimate report. Also known as Total Estimated Contract Cost (TECC). [4]