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CCDC 2: Updates To The Stipulated Price Contract - Corporate/Commercial Law


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The Canadian Construction Documents Committee (CCDC) introduced
an updated version of CCDC 2 this month. CCDC 2 is a stipulated
price contract commonly used in the Canadian construction industry.
As the CCDC documents cannot be edited, it is a common practice for
parties to update the base CCDC documents with “supplementary
conditions.”
Most of the updates to CCDC 2 account for required updates due
to
prompt payment legislation introduced or planned in several
Canadian provinces, and common modifications made to CCDC 2
through supplementary conditions. CCDC would prefer if parties did ....

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Detailed text transcripts for TV channel - MSNBC - 20120802:11:17:00

Grown-ups in the room when it comes to major weapons systems. what are we spending too much money on? well, let me this is a long story, if you have time for it, i m happy to go into it. when somebody gets an idea in the pentagon and they want to say, well, here s a new idea, they put out a cost plus contract on research. well, if you re on other side of that, you say, oh, yummy. you know? they want to do something, we ll do it, and they make good money. then the idea for a weapons system comes up. we start the development of a weapons system. and it s a cost plus contract. now you have 50 people saying what if we do this, what if we do this, what if we do this. there s no grown-up in the room to say the bells and whistles have to stop, guys. here s how much we can afford to spend to get to this technology. and because there s no grown-up or limit on what we innovation dries up and what we do is we suck the dollars out of ....

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