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Extension of Time (EOT) Claims The following maters will make room for the contractor to submit the Extension of Time claim. These will increase the cost of the project • Variations • Increase of BOQ value • Suspension of work by the consultant • Failure to give possession of …
For special type of work, where measurement can not be made easily the mode of payment has to be in day woks, increase in day works will increase the final cost of construction, As the day work is measured in terms of prevailing rate for Labour materials and plant.
Here both Price fluctuation and Currency fluctuation are considered. Price fluctuation Time taken for award of contract Delay in awarding contract causes many problems in the implementation stage in the following matter. Price fluctuation becomes very high creating lot of uncertainty, as …
Any items not in the original BOQ considered as variation. Variations Originated by client Requirement increases e.g. By increasing the length of the road in order to fulfill the requirement of the road user (client change) Change in mind-choice When the client chances his mind to go for …
Increase in BOQ Value means the actual quantity of work executed exceeds those in BOQ. This may occur in the road project due to the following reasons. Short coming in the initial taking off Quantities Inaccurate provision of provisional sum, prime cost To full fill the requirement of the…
Nishanth.T, 2005 have identified factors which are affecting cost estimation of road rehabilitation projects in Sri lanka. As follows: Causes of Cost overruns 48 Cost Overruns factors are identified as causes of Cost Overruns to A & B classes of rehabilitation project in Sri Lanka. Th…
Internal 1. Bias 2. Delivery/Procurement Approach 3. Project Schedule Changes 4. Engineering and Construction Complexities 5. Scope Changes 6. Poor Estimating (errors and omissions) 7. Inconsistent Application of Contingencies External 1. Local Government Concerns and Requirements 2. Effe…
Construction projects have a long history of cost escalation (General Accounting Office 2003). The potential factors that lead to project cost escalation have been identified through a large number of studies and research projects as described in the literature. The possible factors drivi…
The U.S. Department of Transportation’s subcommittee on Transportation, Treasury, and Independent Agencies presented a testimony regarding the cost drivers on highway projects to the United States House of Representatives in 2003. Kenneth Mead, the Inspector General, stated “if the effici…
The source of historical data will be selected from BOQs which produce for Sri lanka road rehabilitation projects. This sample is will be used to develop cost estimating model for this type of asphalt roads. The CSIs are will be identified by mean value method. First, the average value of…
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