What method for GC to finish earlier

Building Section Vignette and Multiple Choice

What method for GC to finish earlier

Postby hllARE » Thu Oct 12, 2017 1:08 pm

I read it somewhere but I forgot. What method that Contractor will work faster to finish his job and he make money?
Thanks
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Re: What method for GC to finish earlier

Postby ccolley12 » Mon Oct 16, 2017 8:42 am

The only thing I can think of is some sort of incentive to finish early. Almost the opposite of liquidated damages. I think this provision is common in private work. In my state, it is not typically included in public work contracts.

I can't think of a delivery method or contract that would intrinsically make a contractor work faster. In general, they work as fast as they can regardless of the contract. I suppose an hourly cost plus type of job could incentive someone to work slower... but even in cost plus work, there is typically a maximum duration of construction stipulated in the contract.
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Re: What method for GC to finish earlier

Postby Rico » Wed Oct 25, 2017 5:50 pm

FAST TRACK
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Re: What method for GC to finish earlier

Postby cma52572 » Tue Nov 07, 2017 1:59 am

you can have a bonus clause if they finish early. Note that liquidated damages is not the same as a penalty clause. If there is a penalty clause there must also be a bonus clause.
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