Category: Management Notes

Project auditing is a formal type of “project review“, most often designed to evaluate the extent to which project management standards are being followed.  Audits …

(D-B-B) Design–bid–build (or design/bid/build, and abbreviated D–B–B or D/B/B accordingly), also known as Design–tender (or “design/tender”) traditional method or hardbid, is a project delivery method …

Design–build (or design/build, and abbreviated D–B or D/B accordingly) is a project delivery system used in the construction industry. It is a method to deliver …

Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project financing, wherein a private entity receives a concession from the private or public sector to …

A construction contract provides a legal binding agreement, for both the owner and the builder, that the executed job will receive the specific amount of …

A cost-plus fixed fee contract is a specific type of contract wherein the contractor is paid for the normal expenses for a project, plus an …

A cost-plus-incentive fee (CPIF) contract is a cost-reimbursement contract that provides for an initially negotiated fee to be adjusted later by a formula based on …

Cost plus award fee is a type of contract agreement that offers a performance award to the contractor. The contractor earns this award for excellence …