Everywhere I look I see 5-10% as typical. That said there is currently a 26 million dollar public works project that only set aside 2.5%. From there the GC doesn’t book change orders but strictly as contingency expenses but then turns around and claims a low amount of change orders which isn’t true. So rather than setting a reasonable contingency amount aside they threaten the subs with liquidated damages for all sorts of things to cover themselves.
gensRATE, govsRATE, ownsRATE, engsRATE and plansRATE
Sad that one job justifies every one of these websites. Coming soon to a blog near you. In this case the owner is a government and horrible. The GC horrible, the architect and his plans are all lacking to say the least.
Design Build
Funny that Design Build is your advertised competitive advantage to owners but you fail to mention to your subs that their bids are to be considered as such.
genDEX attempts to objectively rate the risk a GC might present to a subcontrator considering signing a contract.
Can someone with nearly $300,000,000 of revenue receive the contractor of the year award from a magazine? Gross sales? A couple of cutesy quotes from a vested customer? GensRATE aims to objectively analyze, measure and rate GCs according to numerous metrics. Just know this. Licking your finger and putting it in the air no longer […]
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