Cost management, and force majeure
Musings on Project Management
JUNE 16, 2022
Are you doing a project under a contract from a sponsor?When did you do the cost estimating for the price you signed up for?Is there a clause for "force majeure" (Look in the fine print in the contract's boilerplate)A lot of contractors (and their lawyers) are spending time on "force majeure"Three elements required:(1) unforeseeable event, (2) outside of the parties' control, that (3) renders.
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