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These fixtures typically cost more to install than conventional plumbing fixtures, because they require the services (or presence) of both a licensed plumber and a licensed electrician. Construction companies on cost-plus contracts may actually favor these fixtures for this reason, although their clients may not. The additional complexity of ...
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.
Kit-of-parts construction is a special subset of pre-fabrication that not only attempts to achieve flexibility in assembly and efficiency in manufacture, but also by definition requires a capacity for demountability, disassembly, and reuse. Kit-of-parts structures can be assembled and taken apart in a variety of ways like a construction toy.
Typical Lump Sum Contract Structure. A lump sum contract in construction is one type of construction contract, sometimes referred to as stipulated-sum, where a single price is quoted for an entire project based on plans and specifications and covers the entire project and the owner knows exactly how much the work will cost in advance. [1]
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 .
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
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A sewer pipe is normally at neutral air pressure compared to the surrounding atmosphere.When a column of waste water flows through a pipe, it compresses air ahead of it in the system, creating a positive pressure that must be released so it does not push back on the waste stream and downstream traps, slow drainage, and induce potential clogs.