National Academies of Sciences%2c Engineering%2c and Medicine

The Owner's Role in Project Risk Management

In discussions of risk, the term “contingency” is often understood to be a number added to an estimate for project costs or durations to cover some element of risk or uncertainty. Owners establish ...
Finance & Commerce

DMCC approves contingency funds for BRT project

The Destination Medical Center Corporation (DMCC) Board on Tuesday approved an additional $21.2 million in contingency funding to cover higher-than-expected construction costs for the Link Bus Rapid ...
Post-Bulletin

Link rapid transit project seeks a $21.2 million budget increase

ROCHESTER — A nearly $73.2 million contract for construction of key elements of Rochester’s Link Bus Rapid Transit project is spurring a call for added transit aid. “This would bring the total project ...
wtov9

Belmont fire station project delayed 60 days for contingency funding

BELMONT COUNTY, Ohio — The Belmont Volunteer Fire Department's project to build a new fire station has been delayed by 60 days to secure necessary contingency funding. The project, which began in 2023 ...
Connecticut Post

Town Hall renovation project: Contingency covers construction manager, architect fees

Costs relating to a construction manager, architectural fees and possible outside consultants will deplete the New Canaan Town Hall renovation project to well under $100,000 following a series of line ...
National Academies of Sciences%2c Engineering%2c and Medicine

Completing the "Big Dig": Managing the Final Stages of Boston's Central Artery/Tunnel Project

The 20-year span of the CA/T project covers a period of change in the administration of public-works projects in the United States. During that time, the previous and long-standing approach of ...
Business Wire

Coastal Virginia Offshore Wind (CVOW) Project, Part of Comprehensive “All of the Above” Energy Strategy to Affordably Meet Growing Energy Needs, Continues on Schedule, Cost ...

RICHMOND, Va.--(BUSINESS WIRE)--Dominion Energy, Inc. (NYSE: D), today provided several updates for the Coastal Virginia Offshore Wind (CVOW) project. The 2.6 GW, fully permitted project is now ...
Revere Journal

Revere High bids come in under budget

The new Revere High School project at Wonderland is under budget and on schedule, according to the project manager. At Monday night’s city council meeting, Brian Dakin of Leftfield, the owner’s ...