The employment of methods of completing work in a shorter duration than planned or required by the contract. Such methods can include overtime work, additional equipment, weekend work, additional crews, or double shift work.
A billing made to collect an expense incurred in a previous billing period. A backcharge may be an adjustment due to an error, a cost caused by defective or deficient work by the contractor or it may be to collect an expense that was not billable until a later period due to timing issues.
Scope of service as defined in the original agreement between the owner and CM as basic services.
A systematic process for calculating and comparing benefits and costs of a project, decision, or government policy. BCA has two purposes: 1. To determine if it is a sound investment/decision (justification/feasibility); 2. To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much. Benefits and costs are expressed in monetary terms and are adjusted for the time-value of money, so that all flows of benefits and flows of project costs over time (which tend to occur at different points in time) are expressed on a common basis in terms of their net present value
Work that does not meet the requirements of the contract documents.