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  • Minimizing Contractor

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    Youssef
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    This document discusses minimizing risks for contractors and employers on construction projects. It recommends using a hybrid pricing model that is partly cost-plus and partly lump sum or remeasurable for contractors, and applying a monthly price updating formula. It also suggests using numerical forecasting and Monte-Carlo simulation to generate a percentage of comfortability to minimize risks for employers.

    Original Description:

    minimizing contractor loss

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    This document discusses minimizing risks for contractors and employers on construction projects. It recommends using a hybrid pricing model that is partly cost-plus and partly lump sum or remeasurable for contractors, and applying a monthly price updating formula. It also suggests using numerical forecasting and Monte-Carlo simulation to generate a percentage of comfortability to minimize risks for employers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views1 page

    Minimizing Contractor

    Uploaded by

    Youssef
    This document discusses minimizing risks for contractors and employers on construction projects. It recommends using a hybrid pricing model that is partly cost-plus and partly lump sum or remeasurable for contractors, and applying a monthly price updating formula. It also suggests using numerical forecasting and Monte-Carlo simulation to generate a percentage of comfortability to minimize risks for employers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Minimizing Contractors Risks:

    Hybrid pricing (Part Cost-Plus and part Lump Sum or Remeasurable)


    Monthly application of price updating formula

    Minimizing Employers Risks:


    Numerical forecasting of unpredictable numbers
    Monte-Carlo simulation to generate percentage of comfortability

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