Partnering in a unit price environment

Article Abstract:

Competitively bid, fixed price lump sum contracts are traditionally the preferred contracting strategies in constructing large-scale, speculative commercial buildings. However, use of this contracting strategy tend to make contractors inflate construction costs for unfinished interior space, making a commercial building less attractive to potential lessees. Partnered unit price contracts which allow owners to accurately forecast construction costs of interior space and contractors to improve long-term business prospects are a suitable alternative to fixed price, lump sum contracts.

Commercial and Institutional Building Construction, Commercial Buildings, Nonresidential construction, not elsewhere classified, Commercial construction, Independent contractors

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A contingency approach for setting construction contract duration for public projects in Saudi Arabia

Article Abstract:

A study was conducted on factors affecting the determination of construction contract duration (CCD) in Saudi Arabian public projects. The study involved survey data from 23 project directors, eight general directors, nine design construction engineers and seven other key project members. Respondents' methods of setting CCD were grouped into five categories, namely budget allocations, project urgency importance, experience with similar completed projects, use of the Critical Path Method and contractors submitting CCD with their bids.

Public works, Influence, Saudi Arabia, Letting of contracts, Competitive bidding

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Application of the concept of accord and satisfaction in dealing with project invoice and payment operations

Article Abstract:

Project managers of either general contractors or subcontractors in a construction project may disagree with vendors regarding the value of a completed task or service. Managers with adequate knowledge of the rules of law and the principle of accord and satisfaction have an advantage when it comes to resolving disputes with vendors. Awareness of the ramifications of accord and satisfaction transactions and variations in case law among different jurisdictions also help managers avoid potentially damaging and costly lawsuits.

Project management, Evaluation, Laws, regulations and rules, Accord and satisfaction (Law)

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