Do contract types determine a project's fate?
from Construction Dive
Construction contracts have been in the spotlight recently, particularly in the case of Boston’s Green Line extension project. The contractor group, White-Skanska-Kiewit, is under fire, and critics have said the maximum-price contract for the project is to blame for the $1 billion in project cost overruns. But can a contract type really make a project more susceptible to budget disasters, or are there other factors at work?
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