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Cost-plus Contracts & Tracking Change Orders | Avoid Cost Overruns in Construction Projects
In the world of construction, engineering, and large-scale projects, cost overruns remain one of the most common and frustrating challenges. A 2022 report by the Project Management Institute reveals that nearly 70% of projects globally suffer from budget overruns , often due to unforeseen changes and inadequate contract management. Among the various contract types, cost-plus contracts are widely used because they offer flexibility and transparency. However, without diligent
Sep 4, 20255 min read
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