Abstract: When capital improvement project final costs exceed initial estimates, the overrun is assumed to be an indication of poor performance. However, when a project owner adds scope at any point after the initial estimate, the ...

Abstract: The primary benefits of construction manager-at-risk (CMAR) project delivery are associated with increasing the ultimate constructability of a project by bringing the construction contractor to the project during the design ...

Abstract: Negotiating a guaranteed maximum price (GMP) can become a complex process, whose success depends on the owner determining that the contractor’s proposed GMP is fair and reasonable. State departments of transportation have ...