33 km long, twin-bore Koralm Tunnel will produce about 5 million m 3 of tunnel spoil. For this reason, a maximum degree of recycling of the material and landfill within the area of the three construction contra
A punch list is a construction management tool used to ensure that the terms of the contract have been met, and they are typically created during a punch list walkthrough of the almost complete job site. This walkthrough allows all parties to observe and note anything that is missing or nee...
Description:This construction project involves the construction of a new residential development consisting of 10 modern, two-story townhome units on a currently vacant 1.5-acre site located at 123 Main Street, Aspen Creek, Colorado. The development aims to provide high-quality, energy-efficient hous...
If your business works on a number of projects at a time and you bill clients by project, then you may wish to assign invoice numbers by project ID. This method is common in the construction industry. To assign invoice numbers by project ID, the first part of your invoice number will re...
Month 1: Materials, labor and G&A expenses are paid by the contractor but only part of the contract amount (draws) has been collected to offset the expenses. At the end of month 1, the project shows a cash flow drain of $7,500.00...
Post-construction. The project schedule can vary depending on the project's architecture. However, the general order of events is always similar. Later in the article, we'll go over each phase and give scheduling tips. Architect Project Schedule Example ...
To better understand how courts apply quantum meruit, consider these real-world contract quantum examples: Construction Without a Written ContractA builder starts work based on a verbal agreement. The homeowner cancels midway. The builder can recover payment for the work already performed—even if the...
of work was completed within the Device-Soft project, which was supported by the Programme Inter Carnot Fraunhofer from BMBF (Grant 01SF0804) and ANR.3 This document is hosted at https://github.com/fraunhoferfokus/acsl-by-example From there, you can also download the source code of all ...
Canceling a contract can be messy, expensive, and bad for an entity's reputation. Arranging for another party to fulfill the contract on the same terms, with the agreement of all parties, is better business. Novations are often seen in the construction industry, where subcontractors may be ju...
Assume ABC Construction Corp. has a contract to build a $20 million office building, and the agreement states that costs cannot exceed $22 million. ABC’s profit is agreed at 15% of the contract’s full price, or $3 million. Additionally, ABC Construction is eligible for anincentive feeif...