Under the guaranteed maximum price (GMP) construction contract delivery method, great care and attention must be given by the owner in setting the GMP, usually done by way of a “GMP Amendment,” following the CM’s submission...more
The key to the timely completion of a construction project is the preparation and maintenance of a comprehensive project schedule utilizing the critical path method (CPM) of scheduling. Preparation of a CPM schedule requires...more
10/17/2024
/ Best Practices ,
Construction Contracts ,
Construction Industry ,
Construction Project ,
Delays ,
Force Majeure Clause ,
General Contractors ,
Recovery Plans ,
Remedial Actions ,
Subcontractors ,
Time-Management