Case for cost-plus contracting

F. H. Griffis, M. Butler

Research output: Contribution to journalArticle

Abstract

This paper represents a case for cost-plus contracting by first discussing reasons why cost-plus contracting is not preferred by most owners. The final cost is not guaranteed, there is usually poor supervision by the contractor and the owner, there is a tendency for more charges by the end user, the labor force tend to drag out the jobs, etc. The writers then discuss how to properly manage a cost-plus contract by addressing each of the risks and making suggestions on how to mitigate them. The use of cost-plus contracts shows promise in getting more construction for the money.

Original languageEnglish (US)
Pages (from-to)83-94
Number of pages12
JournalJournal of Construction Engineering and Management
Volume114
Issue number1
DOIs
StatePublished - Mar 1988

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Building and Construction
  • Industrial relations
  • Strategy and Management

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