We have further resource in relation to floats on our learning platform which can be accessed through Metroun.co.uk. However, you might also find this video useful on critical path analysis from our channel: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-5tIol9zxans.htmlsi=vGo1g9DzQasmbMPw
I believe the exigence of clients to impose fixed price contracts to contractors in this current volatile economic climate in the construction industry means contractors have no choice but to try to maximize their revenues through the means of higher tender offers to account for risks of fluctuations increases, but it has been observed that contractors who do win tenders due to under pricing will try to recover perceived losses through claims. I believe in these times fixed price contracts pose immense commercial risks to contractors.
Your insight into the impact of fixed-price contracts in a fluctuating market is important. Contractors adjust their bids higher to cushion against potential cost changes, while clients opt for fixed prices for budget predictability. This scenario poses challenges in risk management for both sides, highlighting the need for a careful approach to balance contractors' financial safeguards and clients' budget needs.
