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The Council has approved the formation of two new Special Study Groups as follows:
Dr. Allwood: ‘I am delighted to have this opportunity of opening the discussion after Mr. Alcock’s excellent presentation. This gives me an opportunity to explain to you something of the Genesys Centre and its position relating to the development of the system.'
At the open meeting of the Institution held on 8 January 1970 (see p. 3 of The Structural Engineer, January 1970, Mr. A. J. Leggatt, presenting the above graph, said:
‘I have concocted a graph (Fig Dl) which is, at the least, controversial; and if it is so controversial that people laugh at it then I will escape under your clause of light-heartedness. I have plotted “claim” as a percentage of the contract sum. Profit is also expressed as a percentage and I qualify that as “tender profit”-that is the profit that the contractor hopes and aims to make at the time of tender. I think the contractors will giggle at the maximum of 25 per cent, but you can put your own values for this graph and the principles remain the same. I have also introduced a new parameter “Ti” which gives it a scientific appearance. “Ti” is the “tightness” of the contract.‘