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for Oman Convention hotel
However, because cost contract
are used when the work cannot be predicted with sufficient confidence to support a fixed price--typically involving complex, sophisticated, emerging systems--the contractor stops work when the funds are exhausted.
Q I TOOK out life cover 10 years ago through what I thought was a low cost contract
Boeing was recently awarded a USD25m matching cost contract
from the US Federal Aviation Administration (FAA) through its Continuous Lower Energy Emissions Noise (CLEEN) programme.
This required sufficient flexibility to allow innovation to flourish while set within the framework of a target cost contract
The council has agreed a fixed cost contract
with contractor Bovis Lend Lease.
IT'S BEEN plagued by heated debate, seemingly endless delays and spiralling costs, but the new National Assembly building will now go ahead after the First Minister signed a fixed cost contract
this week with Taylor Woodrow Construction.
JLJ Effluent Engineering Limited have devised a low cost contract
hire scheme to help manufacturers avoid heavy fines for pollution.
The Corps determined that a cost contract
was the only vehicle flexible and responsive enough to meet the needs of maneuver commanders.
Based largely on the NEC form of contract, the new BAA Works Contract Option C is a Target Cost contract
," explains John McAuliffe from Turner & Townsend, the cost consultants appointed by BAA for the overall Heathrow Express project.