EDITOR'S NOTES | Issue 5-45

Incentive and disincentive clauses are often financially compelling reasons for contractors to finish on schedule. For example, on two of the seven major heavy highway projects to restore the collapsed double-decked Cypress Freeway in Oakland, Calif., after the 1989 earthquake, the combined incentive on the largest contracts was as high as $9 million, which the contractors ... Log in to view the full text.