Critical Path Method. A time-sequenced Critical Path Method (CPM) generated Xxxxx chart that contains the following: Scheduled key project events, milestones, all worksheet cost elements and items as listed above. Critical Path and Controlling Work Items for the overall project and each Obsolete Vessel shall be clearly indicated with interdependent relationships to other critical path tasks clearly identified. Scheduled start and completion date of the production work for each activity. The original schedule baseline shall be retained and progress shall be shown on the Schedule as completed activities and shall be comparable to the baseline schedule.
Critical Path Method. The terms “Critical Path Method” or “CPM” mean a process for building a construction project schedule and analyzing it to determine the most critical tasks that most affect the scheduled completion date. These critical tasks cannot be delayed without changing the overall schedule.
Critical Path Method. Prior to commencement of the Construction Phase Services and concomitantly with submission of the GMP Proposal, Construction Manager will submit an up-to-date Critical Path Method (“CPM”) Schedule for the performance of Construction Phase Services as specified. The CPM Schedule will include reasonable periods of time for Owner’s and A/E’s review and approval of shop drawings and submissions and for the approval of other authorities having jurisdiction over the Project.
Critical Path Method. The XXXX Construction Schedule shall be a critical path method (CPM) precedence diagram network or other mutually agreed upon form of schedule with supporting printouts and a computer disk prepared on software as may be acceptable to the Owner and Architect.
Critical Path Method. The Critical Path Method (CPM) is a way of depicting the sequence of activities in a project, including interdependencies, and containing all activities needed for successful completion of the Work. Delay in the completion of activities on the critical path will extend the completion date. Fee. Fee is the amount, independent of actual costs, that CONSULTANT is allowed for assuming risk and to stimulate efficient contract performance. Fee includes compensation to CONSULTANT for both profit and unallowable costs. Efficient cost control will allow CONSULTANT to earn a higher profit margin without adjustment of the fee amount. Conversely, inefficient cost control will result in a lower profit margin. Float. Float is the number of days by which an activity not on the critical path in a CPM network may be delayed before it extends the completion date. Labor Rates. Labor rates are the actual cost of salary paid to employees of CONSULTANT and identified in EXHIBIT “B” – COMPENSATION SCHEDULE. Not to Exceed Cost. The Not to Exceed Cost for a task is the sum of the agreed Direct Labor costs, indirect costs, and other reimbursable costs of the task defined in the original Project Baseline. Actual Direct Labor costs may be invoiced based on hours worked, per discipline, per task, or a percent complete by task for the period. CONSULTANT assumes all risk for providing the requested task/deliverables at or below the original estimated cost, unless an equitable adjustment to the scope and/or fee are made by amendment to the Contract. Any costs incurred by CONSULTANT beyond the not-to-exceed amount identified which are not attributable to any change in the project baseline are unallowable. Unallowable costs are compensated through CONSULTANT’s fixed Fee. Project Baseline. The agreed Contract scope of services, total Not-to-Exceed Cost plus Fixed-Fee (CPFF), the allocation thereof among Contract tasks, and the accompanying schedule and expectations/assumptions upon which the scope of services and schedule are based, collectively constitute the Project Baseline.
Critical Path Method. Use the Critical Path Method (CPM) of network calculation to generate the Project Schedule. Prepare the Project Schedule using the Precedence Diagram Method (PDM).
Critical Path Method. 5.1 The time and progress chart to be prepared as per condition 11 of General Conditions of Contracts (IAFW-2249) shall consist of detailed net work analysis and a time schedule. The critical path net work will be drawn jointly by the GE and the contractor soon after acceptance of tender. The time scheduling of the activities will be done by the contractor so as to finish the work within the stipulated time. On completion of the time schedule a firm calendar date Schedule will be prepared and submitted by the contractor to the GE who will approve it after due scrutiny. The schedule will be submitted in four copies within two weeks from the date of handing over the site.
5.2 During the currency of the work, the contractor is expected to adhere to the time schedule and this adherence will be part of his performance under the contract. During the execution of the work, the contractor is expected to participate in the reviews and updating of the net work undertaken by the GE. These reviews may be undertaken at the discretion of the GE, either as a periodic appraisal measure or when the quantum of work ordered on the contractor is substantially changed through deviation orders or amendments. Any revision of the time schedule as a result of the review will be submitted by the contractor to the GE within a week who will approve it after due scrutiny.
5.3 The contractor shall adhere to the revised time schedule thereafter. In case of contractor disagreeing with revised schedule, the same will be referred to the Accepting Officer, whose decision shall be final, conclusive and binding. GE’s approval to the revised schedule resulting in a completion date beyond the stipulated date of completion shall not automatically amount to a grand of extension of time. Extension of time shall be considered and decided by the appropriate authority mentioned in condition 11 of IAFW-2249 and separately regulated.
5.4 Contractor shall mobilize and employ sufficient resources to achieve the detailed schedule within the broad framework of the accepted method of working and safety. No additional payment will be made to contractor for any multiple shift of work or other intensive methods contemplated by him in his schedule, even though the department approves the time schedule.
