In all but the smallest of projects the project sponsor inevitably has to buy-in the services of other suppliers. Goods and services must be bought, and this requires people to make contracts so that they know the basis on which they are working with each other and to deal with any disagreements that subsequently arise. This means that a knowledge of contracting specifically for project management is necessary if a project is to avoid difficulties and reach a successful conclusion. This volume - which stems from the third edition of the "Gower Handbook of Project Management" - concentrates specifically on the contracting issues that surround projects of any size.
Author(s): J. Rodney Turner
Year: 2003
Language: English
Pages: 176
Contents......Page 6
List of figures......Page 10
Notes on contributors......Page 12
Preface......Page 16
Project procurement......Page 20
The traditional project contract strategy......Page 21
Alternative project contract strategies......Page 26
Emerging project contract strategies......Page 31
Standard terms for project managers......Page 34
Future trends......Page 35
References and further reading......Page 36
Contract structures......Page 38
The Contract price......Page 40
Terms of payment......Page 46
References and further reading......Page 50
3 Farsighted project contract management......Page 52
Project organization: cooperation or conflict?......Page 54
A theory of contracts: incentivization and governance......Page 56
Contract types and a theory of contracts......Page 58
Choosing contract types......Page 66
A strategy for project contract selection......Page 70
Conclusions......Page 75
References and further reading......Page 76
Bespoke vs standard forms of contract......Page 78
Why use standard forms?......Page 79
Summary......Page 81
References and further reading......Page 82
Contract formation......Page 84
Invalidity factors and frustration......Page 88
Conditions and warranty......Page 89
Background......Page 100
Partnering......Page 101
Benchmarking......Page 113
Incentives and partnering......Page 117
Conclusions......Page 119
References and further reading......Page 121
Some special characteristics of project purchasing......Page 124
The project purchasing manager......Page 126
Subcontracting......Page 127
The purchasing cycle......Page 128
Purchased materials and equipment......Page 132
Amendments to purchase orders......Page 134
References and further reading......Page 135
Managing the bid process......Page 136
The bid process......Page 137
Post-bid review......Page 142
References and further reading......Page 143
Variations......Page 144
Claims......Page 149
Disputes......Page 152
Adjudication......Page 155
References and further reading......Page 157
C......Page 158
I......Page 159
P......Page 160
T......Page 161
W......Page 162
