Publisher's Synopsis
Excerpt from The Economics of Contracting, Vol. 1: A Treatise for Contractors, Engineers, Superintendents and Foreman Engaged in Engineering Contracting Work
Ore than twenty years ago, when the author started out in the engineering contracting field, much had been writ ten ou engineering subjects, but little on contracting.
When questions were asked as to different phases of conducting a contract, the reply was, that all of these things must be learned by experience, and it was frequently stated that Contractors are born not made.
Those were the days when contracting was considered purely a business, but within the past two decades the execution of con struction contracts has become so specialized that today it must be considered as a profession, requiring organized knowledge.
A profession is the result of a study of its principles and his tory, using the experience of others as a basis for the student and beginner. It is with this idea in view that this treatise has been given to the profession. The older contractors may find in it some thoughts and ideas that may be useful, and this book may assist them in realizing that some wastes still exist in their own business, and a few details that have not been mastered.
The young man should not expect to become an experienced contractor by a close study of this treatise, but he can learn to do some things, and how to guard against both loss of time and money in eliminating mistakes made by others.
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