BENEFITS OF REDEFINING THE TERM "COMPLETION DATE"

With the increased use of incentive and disincentive clauses, careful attention must be given to the definitions of the "completion date" and whether the stated completion date should be extended as a result of unexpected delays. If a contractor is able to establish that an unforeseen event delayed a "controlling item" of a project, an extension of the incentive/disincentive completion date is warranted. When the extension is actually granted during the job, costly and time-consuming litigation can often be avoided.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/19451392
• Corporate Authors:

  American Road & Transportation Builders Association

  ARTBA Building, 1219 28th Street, NW
  Washington, DC  United States  20007-3389
• Authors:
  • Gorman, T
• Publication Date: 1999-4

Language

• English

Media Info

• Pagination: p. 26
• Serial:
  • Transportation Builder
  • Volume: 11
  • Issue Number: 4
  • Publisher: American Road & Transportation Builders Association
  • ISSN: 1043-4054

Subject/Index Terms

• TRT Terms: Construction scheduling; Contract administration; Contracts; Disincentives; Incentives
• Subject Areas: Administration and Management; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 00765012
• Record Type: Publication
• Files: TRIS
• Created Date: Jun 15 1999 12:00AM