Construction Fee Plus Form With 2 Points In Kings
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Double dipping n : the usually illicit practice of accepting income from two mutually exclusive sources (as from a government pension and a government salary or from two insurers for the same loss) Browse Law Firms.
“Double-dipping” (sometimes called “overemployment”) refers to employees working multiple jobs, often full time. In many circumstances, the multiple employers are unaware of one another.
A dip in construction refers to a noticeable downward slope or depression in a surface, structure, or material. This term can be applied to various aspects of building and civil engineering projects, including foundations, floors, roofs, and pavement.
It can include any level of design, and is ideal for more complex or larger projects where the client and contractor are willing to share project financial risk in a fully collaborative way.
Construction risks An allowance for use during the construction process to provide for the risks associated with site conditions (e.g. access restrictions/limitations, existing buildings, boundaries, and existing occupants and users), ground conditions, existing services and delays by statutory undertakers.
What is a construction allowance? It's a set amount allocated in a construction contract to cover items that cannot be fully defined at the time of the bid. How are change orders related to allowances? When actual costs exceed the allowance, a change order is required to adjust the contract sum.
Option D Bill of Quantities: The Client is expected to produce the Bill of Quantities and it should be included within the documents given to a Contractor at tender stage. This is different to option C, where it is the Contractor who will produce the equivalent Activity Schedule used in that type of contract.
