Posts Tagged ‘Fixed Price Incentive Fee’
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 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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