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3 cards from this section. Quick, good the night before a test.
Define variations in a contract.
Think about how changing project details can impact its execution.
What must be documented for variations?
Consider the importance of keeping records in project management.
What are variations in contracts?
Think about what type of changes can be formally recognized.
True or False: Cost escalation deals only with decreasing project costs.
Consider how costs can fluctuate positively or negatively.
A contractor begins work on a project and discovers that the land has excessive rock formations, tripling the excavation cost. Discuss how the contractor should proceed according to best practices.
Consider the importance of communication and documentation.
If inflation causes the costs of materials to rise sharply after a contract has been signed, how should the construction manager approach this issue?
Think about fair negotiation practices and contract terms.
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