Posts Tagged ‘Time and Materials contracts’
ENGINEERING 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…
Read More