By Bruce Jervis
When the construction performance period is extended beyond the original schedule, a contractor incurs overhead costs. The time in the field, with its associated costs, is extended. Additionally, contract payments are spread over a greater period of time, reducing the rate at which the contract absorbs its share of fixed home office expenses. If the extended performance period was the responsibility of the project owner, the contractor will want compensation. How should that compensation be calculated? ... Read more.
By Steve Rizer
Could a recent accomplishment in the Better Buildings, Better Plants Challenge (BBBPC) justify the funding increases that President Obama (D) has proposed for this and other activities within the U.S. Department of Energy’s (DOE) Market Barriers subprogram? After just one year’s participation in BBBPC, Legrand last week reported that it is already four-fifths of the way toward meeting its 10-year goal for reducing energy use at its facilities, perhaps making the president’s requested 75 percent increase in funding for Market Barriers more palatable for congressional lawmakers. ... Read more.
By Steve Rizer
AIA 2012 Conference Coverage
Washington, D.C. -- On the heels of formally unveiling National Building Information Modeling Standard -- United States Version 2 (NBIMS-US V2), buildingSMART alliance (bSa) Executive Director Dana Smith has provided ConstructionPro Week (CPW) details about the organization’s plans for Version 3. During the exclusive interview, conducted here at the AIA (American Institute of Architects) 2012 National Convention and Design Exposition, he also discussed central funding for BIM in the U.S. and adoption of NBIMS abroad. Cick here for a transcript of the interview as well as other news coming out of the conference.