A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Measurement determines the magnitude and dimensions (units) of construction work but there is frequently an element of uncertainty to consider. Uncertainty introduces the idea of risk which is the chance of something happening that will have an impact upon the outcomes of the contract. Risk and uncertainty involve change and this has to be managed within the confines of a strategy for control. Measurement is central to the financial management of construction projects and the pricing document, whether formal or informal, forms the basis for contractor's/subcontractor's financial control of the project.
Measurement determines the magnitude and dimensions (units) of construction work but there is frequently an element of uncertainty to consider. Uncertainty introduces the idea of risk which is the chance of something happening that will have an impact upon the outcomes of the contract. Risk and uncertainty involve change and this has to be managed within the confines of a strategy for control. Measurement is central to the financial management of construction projects and the pricing document, whether formal or informal, forms the basis for contractor's/subcontractor's financial control of the project.
Contract Control Strategies
Williams, Peter (author)
2015-10-20
13 pages
Article/Chapter (Book)
Electronic Resource
English
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