Record Details

Framework for Structuring Procurement Contracts

Construction Economics and Building

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Field Value
 
Title Framework for Structuring Procurement Contracts
 
Creator Borg, Lena
Lind, Hans
 
Subject Economics
Procurement, Contract, Construction sector, Infrastructure projects
Construction Procurement
 
Description The aim of this paper is to propose a new framework for structuring contract types and payment methods. Concerning procurement contracts, the first important new feature of this framework is a stepwise structure with three main steps in the contract design: (1) what will be procured—should the contract only include construction, or should it include both construction and operation/maintenance (2) who will do the detailed design of the premise and (3) how many contractors will the client use? The second important new feature of this framework is that both step 2 and step 3 include a continuum of alternatives. Concerning payment methods, the new framework is primarily based on how the specific risks of the project are shared. These frameworks can be useful for policy formulation in that they can help to avoid some problematic ways of formulating policies.
 
Publisher UTS ePRESS
 
Contributor —
 
Date 2014-12-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer reviewed invited commentry
Conceptual paper
 
Format application/pdf
text/html
 
Identifier http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4196
10.5130/AJCEB.v14i4.4196
 
Source Construction Economics and Building; Vol 14, No 4 (2014): AJCEB; 71-84
2204-9029
 
Language eng
 
Relation http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4196/4383
http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4196/4399
 
Coverage Sweden
Not relevant
Conceptual paper
 
Rights Copyright (c) 2014 Lena Borg, Hans Lind
http://creativecommons.org/licenses/by/4.0