Executive Summary: Engineers have wondered if incentive clauses are a benefit to Owners in producing a timely, or accelerated, contract completion. My experience has been that it is of great benefit to the Owner because of the aggressive nature of project completion by the Contractor. What is an incentive clause? There […]
Contractor Wins Acceleration Impact Cost and the Incentive Payment
Contractor Wins Acceleration Impact Cost AND the Incentive Payment (1995)1 Executive Summary: The Pennsylvania Department of Transportation (PennDOT) awarded a time sensitive bridge rehabilitation project to a contractor and, within the contract, provided a large daily incentive payment for early completion. PennDOT delayed the project and refused to pay the acceleration […]