Blog
Latest Topics
What is Contractor Proposed Value Engineering
Contractor-Proposed Value Engineering occurs when by changing its materials, means, methods, or schedule, a contractor can offer “Value Engineering” cost savings that it will share with the Client. The Consultant of Record will likely be asked to review the proposed...
What Are Insurance Certificates?
Insurance Certificates are provided by the insurance broker to verify that the contract insurance requirements will be met. Contracts usually require that the certificate state that the certificate holder (Client) be notified by a specified number of days prior to...
Why is Client’s Notice to Proceed (NTP) Important to the Consultant?
Notice to Proceed (NTP) is the Client’s official notification to the Consultant that the design may begin. NTP is frequently given with the transmittal of the contract when executed by the Client. The NTP should include the specific date on which it is issued, thus...
Who is Allowed to Sign a Contract?
Contract Signatory Requirements addresses the person signing the contract having authority to sign and thereby bind the entity entering the contract. Some Clients require a letter from the Corporate Secretary, bearing the corporate seal, stating that the person...
Why Should Contracts that Contain A Contingent Fee Be Avoided?
Contingent Fee Contracts for professional design services are ones in which payment to the Consultant for his or her service is dependent on the actions of an entity other than the Client. A Client may attempt to tie payment of a Consultant’s fee to receipt of a...
What Are Common Terms Regarding How Consultants are Paid?
Basis of Payment describes the method to be used to calculate the amount of money or fee owed to the Consultant. The following is a partial list of payment types in common use: Lump Sum – This method of payment stipulates that for a specific SOW, the Client will pay...
Get In Touch
Lowe Consulting, LLC
John M. Lowe, Jr., P.E.
Happy Valley, OR