Cost-of-the-work agreements (aka 鈥渃ost plus鈥 contracts) are commonly used in commercial construction contracting to establish the terms and conditions for a project based on the cost of the work performed.[i] The major families of standard construction contracts include a cost-of-the-work plus overhead and profit in their product offerings. In light of price escalation, supply chain disruptions, and rampant inflation, cost-plus contracts have been identified as a contracting tactic to address price uncertainty that still runs rampant in today鈥檚 design and construction industry. ConsensusDocs is offering a webinar that will take a deep dive into cost-of-the-work agreements and factors in evaluating if, how, and when to set a guaranteed maximum price (GMP) on such agreements. You can register for the April 26th webinar here.
The James L. Allhands Essay was established by the late James L. Allhands, one of the founding members of 麻豆传媒 and a prolific writer of construction related works. The award recognizes a student essay on a specific topic that is deemed to be beneficial to the advancement of technological, educational, or vocational expertise in the construction industry.
The history of the Consulting Constructors Council (CCC) and their impact on this country and around world stands as a testament to the valued and unparalleled expertise which individuals have brought to the construction community. The purpose of the Council is to recognize those in our industry who have made significant contributions to the quality and professionalism associated with commercial construction professionals.
All of the photos from the 2023 麻豆传媒 of America Annual Convention are now available via our online photo portal. The photos are organized in albums based on each session and can be downloaded the photos right from the site. Thanks to everyone who attended the 2023 Annual Convention in Las Vegas, their support and engagement helped make the event a big success. We hope to see all you next year at our 2024 Annual Convention in San Diego from March 20-22, 2024!
Anthony brought his bachelor鈥檚 degree from Iowa State to Pepper Construction in 2006. While taking on increasing levels of project management responsibility over the past of 16 years, Anthony has worked on some of the company鈥檚 most high-profile and complex institutional projects, including renovations at the Art Institute in Chicago, expansion of the Saint Louis Art Museum and, most recently, the renovation and expansion of the Arkansas Museum of Fine Arts in Little Rock. Anthony chairs the Chicagoland 麻豆传媒 CLC Steering Committee, serves as the CLC representative on the Chicagoland 麻豆传媒 Board of Directors, and is the Vice Chair of 麻豆传媒 of America's CLC national Committee. In addition, Anthony continues to support his alma mater as a member of the Iowa State University Industry Advisory Council for Construction Engineering.