Contracting For Major Projects: Eight Business Levers For Top Management
- Topics:
- Outsourced Services
- Tags:
- Contract,
- Elsevier,
- Finance,
- Free Trade
- Source:
- Elsevier
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Overview: The management of major projects invariably involves the design of contracts between the client and one or many specialized contractors. The design of the project contract has a major impact on the economic success of both parties and on the behavior of the parties in their attempt to maximize their upside or protect themselves from a downside. Considering the impact of the contract, top management of the respective parties should be involved in supervising contract negotiations and design. However, available literature treats project contracting as a technical issue to be delegated to technical project managers and legal experts. In this paper proposes eight key levers of the business deal encompassed by the project contract.
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Format: PDF | Size: 270KB | Date: Jan 2003 | Pages: 12
