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Construction Contracts: What to Know About Estimates vs. Bids

Santa Cruz Architect

One of the most crucial decisions homeowners face is how to structure the contract with their contractor. Understanding the nuances between different contract types, particularly fixed-price contracts (bids) and time and materials (T&M) contracts, is essential for managing costs effectively and ensuring the project’s success.

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China will build replacement for Gensler soccer stadium design in Guangzhou following Evergrande debt scramble

Archinect

China Construction Fourth Engineering Division won the engineering procurement construction contract to build the Guangzhou Football Park with a CNY2.4 Previously on Archinect: One of China's largest property developers is roiled in a Lehman-esque debt spiral The estimated cost of the original design it replaces was $1.7

Building 264
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Golden Gate Bridge finally installs anti-suicide nets after years of delay

Archinect

It then hit further delays in the form of a contractor’s breach-of-contract lawsuit arising from significant cost overruns, which drove the installation's final price from $142 million to the $400 million final reported estimate.

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Editor's Picks #556

Archinect

via [link] The American Institute of Architects (as well as a couple of ‘Nectors) welcomed a revision to fee limitations, from 6 to 10 percent of total estimated construction costs, on all federal design and construction contracts undertaken with the Department of Defense.

Contract 130
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Tips & Tricks for Construction Estimating You Need to Save Money

Architecture Ideas

Here are the things you need to know to save money with construction estimating. . A set of thorough plans — complete with measurements and material suggestions — make estimation easier, if not simple. A construction takeoff allows you to estimate the precise amount of construction materials you’ll need for a project.

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$118 million mixed-use affordable housing complex breaks ground in Brooklyn

Archinect

Total construction costs for the complex are estimated at $118 million. The development team includes contracting firm Mega Development, non-profit industrial developer Greenpoint Manufacturing and Design Center, and The Bridge, a non-profit organization that provides rehabilitative services throughout New York City.

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The Importance of a Sturdy Roof: Tips for Choosing the Right Contractor

DesignRulz

Tips for getting multiple estimates Getting multiple estimates is crucial to ensure that you are getting a fair price for your roofing project. Contact at least three different contractors and request detailed written estimates. Make sure to clarify any doubts or concerns before signing the contract.