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Commercial Observer

Under Construction: Why L&L's 425 Park Avenue Development Was Delayed
Commercial Observer
So while it already had two engineers on the project, L&L and its general contractor, AECOM Tishman, brought in an additional engineering firm, Zieman Engineering, to figure out the best way to pull off this construction switcheroo without causing a ...

Hybrid Cost-Plus Contracting With Lump-Sum General Conditions Offers Advantages for Contractors and Owners
The most common method of contracting for private commercial construction is reimbursement of the contractor's construction costs plus a fee, with a guaranteed maximum price. Cost-plus contracting offers the allure of “open-book” contracting and ...

Update on school construction ; New bids $400000 lower
In the latest round of bidding June 7, the board received estimates from four separate contractors for mechanical, plumbing, electrical, casework and general construction services. In total, the approved bids were $1,761,893, according to information ...

United States: Hybrid Cost-Plus Contracting With Lump-Sum General Conditions Offers Advantages For Contractors ...
Mondaq News Alerts
Direct project overhead costs—often referred to as "general conditions"—include costs incurred at the jobsite for the supervision and administration of the overall contract that are not ascribable to any particular onsite construction activity ...


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