CONTROLLING CAPITAL COSTS THROUGH IMPROVED CONTRACTING PROCEDURES
Abstract:This paper will describe the recent history in approaches to contracting procedures including the impact of Federal regulations, the current situation in the industry and two differing approaches to contracting for capital projects. Survey results comparing the outcomes of these two approaches will be presented. There will be a brief presentation of the Northeast Ohio Regional Sewer District's recent cost experience resulting from the use of our contracting approaches. Finally, the paper will conclude with a set of recommended contracting procedures.
Document Type: Research Article
Publication date: January 1, 2005
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