Architecture / June 25, 2018 /
Meteorological conditions vary immensely throughout the world and although Ireland experiences a temperate climate all year round, the weather conditions on individual sites in different parts of the country may be very different from each other. Of particular concern may be sites that are prone to flooding, or are exposed or elevated sites where high winds may curtail the use of plant.
The payment arrangements adopted on a contract directly affects the level of risk borne by the contractor. Where the contract is let on the basis of a drawings and specification lump sum the contractor assumes the risk for both the quantity and pricing. In lump sum contacts based on bills of quantities and remeasurement contracts the contractor assumes the risk for the pricing only. With reimbursement contracts the client assumes the risk for the quantity and pricing. The payment arrangement, therefore, directly motivates the contractors efforts to carry out the work in an efficient and economic manner. This in turn has a major impact on the final price paid by the client.