Article Date: 07/06/10


EDITOR'S NOTES | Issue 8-27


A fixed-price construction contract is normally just that. Sometimes, however, prices for materials or commodities such as asphalt or fuel are stipulated in the bid documents, with payment to the contractor adjusted to reflect actual costs indicated in periodic published indexes.

The purpose of this mechanism, from a project owner’s standpoint, ... Log in to view the full text.

 



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