Case for cost-plus contracting

Fletcher Griffis, M. Butler

Research output: Contribution to journalArticle

Abstract

This paper represents a case for cost-plus contracting by first discussing reasons why cost-plus contracting is not preferred by most owners. The final cost is not guaranteed, there is usually poor supervision by the contractor and the owner, there is a tendency for more charges by the end user, the labor force tend to drag out the jobs, etc. The writers then discuss how to properly manage a cost-plus contract by addressing each of the risks and making suggestions on how to mitigate them. The use of cost-plus contracts shows promise in getting more construction for the money.

Original languageEnglish (US)
Pages (from-to)83-94
Number of pages12
JournalJournal of Construction Engineering and Management
Volume114
Issue number1
DOIs
StatePublished - 1988

Fingerprint

Costs
Contractors
Drag
Contracting
Personnel
Owners
Labor force
Supervision
End users
Charge

ASJC Scopus subject areas

  • Strategy and Management
  • Industrial relations
  • Civil and Structural Engineering
  • Building and Construction
  • Industrial and Manufacturing Engineering

Cite this

Case for cost-plus contracting. / Griffis, Fletcher; Butler, M.

In: Journal of Construction Engineering and Management, Vol. 114, No. 1, 1988, p. 83-94.

Research output: Contribution to journalArticle

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