Contractors, in the present climate of cost escalation of labor, materials and equipment, general inflation and oppressive contract provisions are showing increasing reluctance to bid either a firm lump sum price or firm unit prices for major projects that will require more than a year or two to complete. But public agencies generally are forced by policy, regulations or legal authority to award contracts on competitive bids that call for a firm price commitment. One possible way of reducing litigation in such risky work as tunneling would be to include in firm price bid invitations bid items for specific changed conditions or other foreseeable contingencies. The prices quoted for these items would be paid only to the extent the changed conditions were encountered or the contingencies occurred.

Media Info

  • Pagination: p. 1163-66
  • Serial:
    • Volume: 2

Subject/Index Terms

Filing Info

  • Accession Number: 00129112
  • Record Type: Publication
  • Source Agency: Engineering Index
  • Report/Paper Numbers: Proc Paper
  • Files: TRIS
  • Created Date: Feb 19 1981 12:00AM