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6 Cards in this Set
- Front
- Back
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Three categories of construction work:
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1. Building
2. Engineering 3. Industrial |
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Building Construction
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consists of buildings for shelter and enclosures of all kinds and is further subdivided into light construction and heavy construction.
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Engineering Construction
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is very diverse and consists of the building of dams, highways, bridges, railways, and other construction that does not provide shelter.
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Industrial Construction
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involves the installation of manufacturing and processing plants.
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The contract documents consist of...
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the agreement between owner and contractor, conditions of the contract (general, supplementary, and other), drawings, specifications, addenda, and other documents listed in the Agreement and Modifications issued after execution of the contract.
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Fixed Price or Lump Sum Contracts
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More risk to contractor, bears all risk of cost overruns
Owner has cost risk only of change Owner/Contractor relationship can become adversarial - contractor's advantage to cut corners in order to increase profit |
