Page 243 - Urban Construction Project Management

198 Chapter Nine
2. Schedule
• Type that has to be prepared
• Updates required
• Penalty clauses
• Substantial completion provisions
• Delays (not covered by force majeure)
• Extensions
• Delays caused by owner or owner’s subcontractors or vendors
3. Costs
• As defined in the contract
• Allowances and how to be used
• Definition of allowance items
• How will GMP be impacted by actual cost vs. allowances allocated?
• Contingency and how is it to be used and who controls it?
• General condition’s clarifications (what is included and what is excluded?)
• Inflation clause
• Costs covered by the owner
• Value engineering
• New regulations by municipal and government agencies
• Auditing of project by the owner
4. Change orders
• How defined
• Method for developing costs
• Approval process
• Who signs off on any change orders?
• Will labor rate change if new contracts are agreed upon?
5. Dispute resolution
• Records that have to be kept
• Type of daily reports that have to be maintained
• Owner and CM/GC executive review
• Independent review board
• Mini trials
• Mediation
• Arbitration
• Other legal means, including litigation
• Notice provisions
6. Requisitions and retainer
• Schedule of values required? When is it paid and how often?
• What is required with submittal?