Cost Plus Contracts for Water Works Construction

Issue 4 and Volume 68.

Cost Plus Contracts for Water Works Construction Consideration of the Advantages and Disadvantages of this Form of Contract—Legal Right of Municipalities to Enter into Such Contracts—Summary and Conclusions THE following paper, which was to have been presented at the Thursday evening session of the American Water Works Convention at Montreal, but owing to the unavoidable absence of Mr. Fuller was omitted, will be read with much interest by water works men. The excerpts which follow are the first publication of this important paper: Prior to the Great War, the “cost plus” form of payment on contracts in the water works field was limited to a relatively few large projects built as a whole under this type of contract for private corporations and to numerous small unexpected features of enterprises executed under municipal contracts where “extra work” clauses were attached to either lump sum (bulk) or unit price contracts. During the…

Subscribe to unlock this content

Subscribe Now