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Proper Risk Allocation during Construction: Differing Site Conditions
Publisher: American Society of Civil Engineers
Abstract: Differing site conditions are encountered on site when the actual conditions are materially different from those included in the contract documents (Type I) or from those reasonably expected by the project team given the ...
Risk Misallocation on Highway Construction Projects
Publisher: American Society of Civil Engineers
Abstract: Highway construction projects are the most time-bound to a design-bid-build contract structure aiming at passing the large amounts risk instead of promoting a state of shared risk among all project participants. When issues ...
State of Practice of Building Information Modeling in the Electrical Construction Industry
Publisher: American Society of Civil Engineers
Abstract: For decades, the North American construction industry has seen a decline in productivity due to many underlying reasons. Moreover, the construction industry in general and electrical construction companies in particular ...
Mathematical Formulation of the Project Quarterback Rating: New Framework to Assess Construction Project Performance
Publisher: American Society of Civil Engineers
Abstract: This paper presents the definition and the mathematical formulation of a unique performance metric called the project quarterback rating (PQR). The PQR gives a specific score for each construction project based on a set ...