By Bruce Jervis
Bidders on construction contracts frequently must rely on physical site condition information provided by the project owner. Lack of time, access and money prevents bidders from conducting individual investigations. The law does not require it. All that is required is reasonable pre-bid observation. Read more.
In Part 1 of this two-part article on cost control for heavy and highway contractors (published in the last issue of CPW), we introduced some of the unique aspects of tracking costs for unit cost pay items. Timely cost and production reporting is crucial in order for contractors to be able to track costs and make adjustments in the field when necessary. This week, we look at common situations of cost conflicts in more detail, as well as approaches to the design and implementation of cost control systems to manage these issues. Read more.