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Cost-plus-incentive fee (CPIF) contracts have a larger fee awarded for contracts which meet or exceed certain performance goals, for example being on schedule and any cost savings. [1] Cost-plus-award fee (CPAF) contracts pay a fee based upon the contractor's product. An aircraft development contract, for example, may pay award fees if the ...
Cost plus fee: This contract provides payment for the contractor including the total cost of the project as well as a fixed fee or percentage of the total cost. This contract is beneficial to the contractor since any additional costs will be paid for, even though they were unexpected for the owner.
Construction bidding is the process of submitting a proposal to undertake, or manage the undertaking of a construction project.The process starts with a cost estimate from blueprints and material take offs.
Interior architecture is the design of a building or shelter from inside out, or the design of a new interior for a type of home that can be fixed. It can refer to the initial design and plan used for a building's interior, to that interior's later redesign made to accommodate a changed purpose, or to the significant revision of an original ...
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Design–bid–build (or design/bid/build, and abbreviated D–B–B or D/B/B accordingly), also known as Design–tender (or "design/tender"), traditional method, or hardbid, is a project delivery method in which the agency or owner contracts with separate entities for the design and construction of a project.
Total cost of ownership can be applied to the structure and systems of a single building or a campus of buildings. Pioneered by Doug Christensen and the facilities department at Brigham Young University starting in the 1980s, the concept gained more traction in educational facilities in the early 21st century. [2]
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