Effective Contract Management | How well do you understand the risks and how to manage them?
Understand contract types and difference in delivery.
- Design and construct
- Construction management
- Guaranteed maximum price
Identifying and managing risk areas.
- Time bars
- EOTs and variations
- Latent conditions
- Design errors and omissions
- Back to back
- Fit for purpose and design intent
- Insurance provisions
Were the above risks assessed at the tender stage?
Did you ask these questions when the project was handed to you?