Posts Tagged ‘Fixed-price contracts’
INTRODUCTION TO EPC CONTRACTS Part 4
In Part 3 of this series, 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 appropriate contract type. Today I begin to discuss different contract types and when they are applicable.
Read MoreENGINEERING AND CONSTRUCTION CONTRACT PRIMER Part 3
Part 1 of this series offered brief insights into the basics of Engineering and Construction contracts. Part 2 underscored the need for every project key personnel to read and understand the scope of the contract as well as the terms and conditions, especially payment terms. In this piece I intend to discuss contracts as a…
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