Contracting for Project Management

by Turner,J. Rodney

• ISBN13: 9780566085291
• ISBN10: 0566085291
• Edition: 1st
• Format: Nonspecific Binding
• Copyright: 2003-08-28
• Publisher: Routledge

Summary

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 essential if a project is to avoid difficulties and reach a successful conclusion.This new book - 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 Biography

Rodney Turner is a Director of EuroProjex, The European Centre for Project Excellence Limited. He is also part-time Professor of Project Management at Erasmus University, Rotterdam, and a Visiting Professor at Henley Management College

Table of Contents

List of figures	ix
Notes on contributors	xi
Preface	xv
1 Roles and responsibilities in project contract management	1	(18)
Nigel Smith
Project procurement	1	(1)
The traditional project contract strategy	2	(5)
Alternative project contract strategies	7	(5)
Emerging project contract strategies	12	(3)
Standard terms for project managers	15	(1)
Future trends	16	(1)
References and further reading	17	(2)
2 Contracts and payment structures	19	(14)
Peter Marsh
Contract structures	19	(2)
The Contract price	21	(6)
Terms of payment	27	(4)
References and further reading	31	(2)
3 Farsighted project contract management	33	(26)
Rodney Turney
Project organization: cooperation or conflict?	35	(2)
A theory of contracts: incentivization and governance	37	(2)
Contract types and a theory of contracts	39	(8)
Choosing contract types	47	(4)
A strategy for project contract selection	51	(5)
Conclusions	56	(1)
References and further reading	57	(2)
4 Standard forms of contract	59	(6)
Stephen Simister and Rodney Turney
Bespoke vs standard forms of contract	59	(1)
Why use standard forms?	60	(2)
Summary	62	(1)
References and further reading	63	(2)
5 Contract law	65	(16)
Peter Marsh
Contract formation	65	(4)
Invalidity factors and frustration	69	(1)
Conditions and warranty	70	(11)
6 Partnering, benchmarking and incentive contracts	81	(24)
Denise Bower and Fotis Skountzos
Background	81	(1)
Partnering	82	(12)
Benchmarking	94	(4)
Incentives and partnering	98	(2)
Conclusions	100	(2)
References and further reading	102	(3)
7 Procurement	105	(12)
Peter Baily
Some special characteristics of project purchasing	105	(2)
The project purchasing manager	107	(1)
Subcontracting	108	(1)
The purchasing cycle	109	(4)
Purchased materials and equipment	113	(2)
Amendments to purchase orders	115	(1)
Electronic data interchange (EDI)	116	(1)
References and further reading	116	(1)
8 Bidding	117	(8)
Stephen Simister
Managing the bid process	117	(1)
The bid process	118	(5)
Post-bid review	123	(1)
Conclusions	124	(1)
References and further reading	124	(1)
9 Managing variations, claims and disputes	125	(14)
Peter Marsh
Variations	125	(5)
Claims	130	(3)
Disputes	133	(3)
Adjudication	136	(2)
References and further reading	138	(1)
Index	139