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Stadium Expansion Quote

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This Post:
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87943.9 in reply to 87943.8
Date: 5/21/2009 3:52:52 AM
Overall Posts Rated:
196196
I still got 1 more day to go :(

Whats the odds it freezes now til after my home game on Saturday??!!

This Post:
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87943.10 in reply to 87943.9
Date: 5/23/2009 6:47:49 PM
Overall Posts Rated:
11
isnt it in the real world if the contractor finish the project way pass the or pass the deadline

they get penalized ?

This Post:
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87943.11 in reply to 87943.10
Date: 5/25/2009 9:56:02 AM
Overall Posts Rated:
3838
Yeah that's right. Every day over the deadline the contractor have to pay a certain amount of money. It is a way to limit the contractors bids on price/building time estimate. It would make a nice addition to speculate in slow contractors. Maybe one could even earn money by expanding the stadium

From: ardain
This Post:
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87943.12 in reply to 87943.11
Date: 5/25/2009 12:36:20 PM
Overall Posts Rated:
3333
How about you have three options on the contractor:

1) Base - estimate +/- 25% time= base cost
2) Unreliable - +5/-50% = -10% base cost
3) Speedy - +25/-10 time = +25% base cost

You pay extra or save extra for either a faster build or slower one...

This Post:
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87943.13 in reply to 87943.10
Date: 5/26/2009 9:23:07 AM
Overall Posts Rated:
00
isnt it in the real world if the contractor finish the project way pass the or pass the deadline they get penalized ?


Depends on the contract you guys signed. You can put strict limits in it, but it's not allways so.
Offcourse if it takes very long time you allways have the right to protest against unnecessary delay.

Climbing the BB-mountain. Destination: the top.
This Post:
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87943.14 in reply to 87943.13
Date: 5/27/2009 10:24:55 AM
Overall Posts Rated:
11
what do you mean depends on the contract

this should be the basic thing when you negotiate a construction project. because your putting in a lot of money plus time and you dont see it getting done. whats worst if you didnt finish it by the time you want it or the scheduled time then you should be asking the contractor, but no matter what happens there is this called penalty.

This Post:
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87943.15 in reply to 87943.14
Date: 5/27/2009 11:02:04 AM
Overall Posts Rated:
00
In a decently negotiated contract there are strict time limits included. But this is not always the case. People need to watch out when negotiating. The process goes a lot more smoothly when the details of this possible penalty are described in the contract.
Another example: Some smaller jobs are sometimes done without contract: for friends or worse, to avoid taxes.
As owner it is impossible in this situation to have control of the time schedule.

Climbing the BB-mountain. Destination: the top.
This Post:
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87943.16 in reply to 87943.15
Date: 5/27/2009 11:04:09 PM
Overall Posts Rated:
11
i do know that when it comes with a personal favor

but we are talking about building a arena. i doubt you can have a negotiation that doesnt include a contract, clauses and even receipts or whatever thats necessary.

i dont know in other countries but i am a bit sure that with this kind of organization those people who should be sniffing around wouldnt let it go that easily.