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HokieGuy

Joined: 1/5/01 Posts: 487
Likes: 172


In the government contracting world, the potential LD's


would tend to be much less than in the commercial world. Being late on a revenue generating project, such as a refinery (or even a baseball stadium), could expose you to liability for the owners loss of revenue. On the government side, it would generally expose you to only the governments extra cost of supervision, including housing, space rental, etc., which as you say is generally stated as a cost per day. Approval for bidding a job with LDs at my employer can only be done at the executive level, though if the job is big enough, BD would work up calculations to show the project upsides and downsides, to justify if the work is worth pursuing. Commercially we propose incentives and dis-incentives, so if we finish a job early, there is a bonus and if late, there are penalties. LDs are only a dis-incentive, therefore per policy are a no bid without an executive override.

(In response to this post by 48zip)

Posted: 01/14/2018 at 12:36PM



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Current Thread:
  I will still be on the hill ** -- VictoryTurkey 01/15/2018 6:50PM
  I've been following the weekly construction.... -- Old Line Hokie 01/12/2018 10:34PM
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  Yeah the link I shared was twitter 2 days ago ** -- 3TechFanz 01/06/2018 11:57AM
  Contractors don't have much say in it. ** -- 48zip 01/12/2018 4:18PM
  Agree** -- HokieGuy 01/13/2018 1:18PM
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