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Many contractors prefer on-site fabrication of rebar while others find that off-site fabrication is more advantageous. The economics of on-site and off-site fabrication of rebar need to be compared on the basis of several factors that include the project environment, wages, labour...
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The just-in-time (JIT) approach to materials management appears to be superior to a just-in-case (JIC) approach in terms of reducing cost and improving productivity under most circumstances encountered in industrialized countries. However, is it truly more advantageous than the more commonly...
Persistent link: https://www.econbiz.de/10005633066
The construction project is subject to several risks, one of the most important of which is contractor default because contractor default may increase the final project cost considerably. In the US construction industry, owners commonly shield themselves from the risk of contractor default by...
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