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Are there no deadlines in these contracts or penalties where the company is charged X/day until completion?
by hiatus 2y ago
Are there no deadlines in these contracts or penalties where the company is charged X/day until completion?
- floxy 2y agoThere are/can be incentives/penalties to complete road construction on time. Although I'm sure it varies with jurisdiction. https://www.fhwa.dot.gov/construction/contracts/t508010.cfm https://www.fhwa.dot.gov/construction/contracts/t508010.cfm https://transweb.sjsu.edu/sites/default/files/2908-highway-transportation-construction-incentive-disincentive-amounts-brief.pdf https://transweb.sjsu.edu/sites/default/files/2908-highway-t...
- bombcar 2y agoMany of the cases that I know of where a performance bonus existed (like $million for every day the estimate is beaten) they finished ahead of schedule and under budget.