When a contractor enters into a fixed-price contract, the contractor anticipates a certain cash flow from the contract which will absorb a portion of the contractor’s general and administrative expenses. If the project owner suspends work under the contract, the contractor will not be able to bill at the expected rate and will incur unabsorbed home office overhead. For decades, these damages have been calculated according to the “Eichleay formula.”
The U.S. Green Building Council (USGBC) and Green Building Council Italia (GBC Italia) have signed a memorandum of understanding (MOU) that the organizations believe will "further green building and promote carbon emissions reductions in Italy and worldwide."
Under the agreement, GBC Italia is expected to become the first organization in the European Union that intends to implement the Leadership in Energy and Environmental Design (LEED) green building rating system. In the GBC Italia version of LEED, local standards and codes will be referenced, Italian-specific units will be incorporated, and alternative compliance paths will be provided as appropriate to account for regional variances and contexts. The MOU also calls for collaboration between the two green building councils through the sharing of tools, research, and information involving green building.
Delmar Cengage Learning recently announced the release of the Dewalt Construction Estimating Complete Handbook for building and construction professionals.
The handbook is intended to serve as a comprehensive but concise guide covering all aspects of the construction estimating process. The publication is geared toward professionals who want to polish their estimating skills, junior estimators, assistant project managers, and students. The guide covers bid planning, scope review, quantity take-off for all trades and divisions, cost analysis, value engineering, Excel spreadsheet estimating tutorials, and other areas.