Tag: milestones

Risk Allocation in Fast-Tracking High-Rise Projects

Risk Allocation in Fast-Tracking High-Rise Projects Have you ever felt like juggling fire while walking a tightrope? That’s what fast-tracking high-rise construction projects can feel like. Deadlines loom. Budgets teeter on the edge. Teams scramble to keep up. Fast-tracking—the practice of overlapping design, procurement, and construction phases—can be a lifesaver when time is tight. But …

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Lump Sum Contract VS FIDIC 99 Contract

Lump Sum Contract VS FIDIC 99 Contract Lump Sum Lump Sum Typically used with Design-Bid-Build method of project procurement. a. A lump sum contract, sometimes called stipulated sum, is the most basic form of agreement between a supplier of services and a customer. The supplier agrees to provide specified services for a specific price. The …

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