Posts Tagged ‘Cost Reimbursable contracts’
INTRODUCTION TO EPC CONTRACTS Part 6
I will conclude this series of essays on Introduction to Engineering, Procurement and Construction (EPC) Contacts by discussing Cost-reimbursable contracts.
Read MoreENGINEERING AND CONSTRUCTION CONTRACT PRIMER Part 6
I will conclude this series of essays on Engineering and Construction Contact Primer by discussing Cost-reimbursable contracts. In Part 1 we attempted a definition of contract and its key elements. Part 2 emphasized the need for all project key personnel to read and gain thorough understanding of the contract document, particularly the scope of work…
Read MoreENGINEERING AND CONSTRUCTION CONTRACT PRIMER Part 5
In the last session we examined contracts that are applicable when the scope of work is clearly defined and risks reduced. I continue our discourse of Engineering and Construction Contract Primer by discussing contracts that are applicable when the project or scope of work is not clearly defined. We begin with Time and Materials (T&M)…
Read MoreENGINEERING AND CONSTRUCTION CONTRACT PRIMER Part 4
In the discussion last week I stated that although there are many sources of project risks, the greatest of them, and one that has the greatest influence on contract type is project definition – how clearly the scope of work is defined. Thus, scope of work definition is a key element in the selection of…
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