How do the Owners and the Contractors set the pace?

Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter8: Pricing Generally
Section: Chapter Questions
Problem 13RQ
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How do the Owners and the Contractors set the pace?

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Setting the pace between owners and the contractor is very important for the project why it is important is explained below :

We see strong evidence that established trust-and performance-based relationships between contractors and owners yield better overall cost and schedule outcomes than just a race to the bottom on price alone.

Despite their difference in opinion, both owners and contractors value the importance of stronger communication early in the project. Over 70 percent of owners and contractors agree that allowing time for programme level scope/schedule planning early in a multi-site programme increases design visibility, efficiency, schedule and budget.

Significant differences exist between the contractors and owners viewpoints. It is explained by few example listed below :

 

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