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What method for GC to finish earlier

PostPosted: Thu Oct 12, 2017 1:08 pm
by hllARE
I read it somewhere but I forgot. What method that Contractor will work faster to finish his job and he make money?
Thanks

Re: What method for GC to finish earlier

PostPosted: Mon Oct 16, 2017 8:42 am
by ccolley12
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.

Re: What method for GC to finish earlier

PostPosted: Wed Oct 25, 2017 5:50 pm
by Rico
FAST TRACK

Re: What method for GC to finish earlier

PostPosted: Tue Nov 07, 2017 1:59 am
by cma52572
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.