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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.
The school district’s audit is “filled with false information, lack of thoroughness, mathematical errors, and even some apparently spoon-fed irrelevant speculation,” the firm’s attorney ...
The New Engineering Contract (NEC), or NEC Engineering and Construction Contract, is a formalised system created by the UK Institution of Civil Engineers that guides the drafting of documents on civil engineering, construction and maintenance projects for the purpose of obtaining tenders, awarding and administering contracts.
The brigade provides operational contracting support to United States Army Central (USARCENT) as the Lead Contract Service throughout Southwest Asia. The brigade prepares and coordinates support plans, provides oversight, assessment, policy and acquisition authority to assigned contingency contracting organizations and contracting assets ...
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 ...
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The 16 Divisions of construction, as defined by the Construction Specifications Institute (CSI)'s MasterFormat, is the most widely used standard for organizing specifications and other written information for commercial and institutional building projects in the U.S. and Canada.
The community was named after the Ballentine family of pioneer settlers. [3] In 1925, Ballentine had 50 inhabitants. [4] There have been unsuccessful attempts to incorporate Ballentine as a town. [5] The John Jacob Calhoun Koon Farmstead was added to the National Register of Historic Places in 1986. [6]