Psst... don't tell the client
Gracia, Peter
Psst... don't tell the client - 2005 - Construction Manager June 2005, 34-36(3) .
Discusses the possibility of the open-book accounting system (where contractors demonstrate the cost of providing works) being open to abuse. Gives some of the areas where contractors and clients could overlook a potential problem including supply chain anomalies where the company may deal with a matter outside the established cost reporting system and further difficulties which could occur with the actual definition of cost. With advice on how to deal with these problems such as the inclusion of a ceiling price on a job with an amount beyond which the client will make no further contribution.
Psst... don't tell the client - 2005 - Construction Manager June 2005, 34-36(3) .
Discusses the possibility of the open-book accounting system (where contractors demonstrate the cost of providing works) being open to abuse. Gives some of the areas where contractors and clients could overlook a potential problem including supply chain anomalies where the company may deal with a matter outside the established cost reporting system and further difficulties which could occur with the actual definition of cost. With advice on how to deal with these problems such as the inclusion of a ceiling price on a job with an amount beyond which the client will make no further contribution.