MAMMOTH CONSTRUCTION JOBS: HOW TO SPEED THEM, CUT COSTS?
This article summarized some of the recommendation on how to cut costs on large construction jobs (e.g. power plants, rail transit, and water resources) presented at a recent meeting held by the Building Research Advisory Board. The emphasis is mainly on reducing the contractor's liability. Among the recommendations: discouraging trivial lawsuits by requiring the losers to pay the winner's legal costs, formation of a special center for resolution of construction disputes as an alternative to going to court or arbitration, owners assuming more of the designers' liability, contractors not having to absorb risk of inflation and other major uncontrollable risks, and increased use of wrap-up insurance (i.e. owner-controlled rather than purchased by the individual contractor).
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New York, NY USA 10017-2398
- Publication Date: 1978-4
- Pagination: p. 84-89
- TRT Terms: Arbitration; Construction; Contractors; Costs; Insurance; Legal action; Liability
- Uncontrolled Terms: Construction costs
- Old TRIS Terms: Deflocculants
- Subject Areas: Construction; Finance; Highways; Law;
- Accession Number: 00179732
- Record Type: Publication
- Files: TRIS
- Created Date: Oct 12 1978 12:00AM