When a contractor seeks recovery of unabsorbed home office overhead incurred because of a project owner’s suspension of work, the contractor uses the “Eichleay formula.” This calculates the amount of a contractor’s ongoing general and administrative expenses a suspended fixed-price contract would have absorbed on a daily basis if performed according to the original schedule. The contractor is then compensated for unabsorbed expenses incurred when it was unable to perform or bill work. Read more.
For research purposes, Bentley recently posted an example of combining video from a drone with a BIM model to show how the technique can be used for monitoring construction. The resulting photos can be used to compare actual construction with what was intended in the model, according to the author Stephane Cote. We see this as a good planning tool. Read more..