Cash Allowance

Cash Allowances in Construction

Cash allowances are crucial for managing project finances when specific work details are undefined during bidding. As defined in the CCDC stipulated price contract, cash allowances are placeholders in the contract sum for estimated costs of work items with unfinalized details during bid calls. These allowances ensure the project budget includes these costs, even if […]

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Cash allowance or contingency?

You are designing a new condominium building, and you’re not a landscape architect, however the development company your client has requested that the the landscaping for the building be included in the construction contract. You are behind schedule, the tender deadline is nearing, and there is no time to hire a landscape architect. What do

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