- Dec 14, 2019
- 0 min
Procurement, Contracts and Information
The choice of Procurement Method set up the systems managing the project, structure of relationships and the payment mechanism.
- Jun 13, 2018
- 13 min
Projects, Procurement and Market Power in Construction Contracting
Topics Market power, auctions and procurement Contractors as price takers Clients as price takers Subcontractors as price takers Project...
- May 29, 2018
- 7 min
Procurement case study: Heathrow Terminal 5 2007
Heathrow Airport’s Terminal 5 is one of the most extensively documented megaprojects. Built by British Airport Authority (BAA)
- May 28, 2017
- 5 min
Unbundling Design and Construction
The trend has been toward D&B and D&C contracts for large projects, so these account for a larger share of work done than number of projects
- May 22, 2017
- 6 min
Incentives and Target Cost Contracts
A common version is a ‘cost plus incentive fee’ agreement that uses incentives for the contractor to reduce construction cost.