International Construction Developments – What Comes After Partnering

Topics:
Regulatory issues
Tags:
Construction Industry,
Contract,
Jones Day Reavis & Pogue
Source:
Jones, Day, Reavis & Pogue

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Overview: The process of partnering was discussed extensively in the “Construct for Excellence” report published in January 2001 by the Construction Industry Review Committee and as a concept, it is starting to receive support in the construction industry in Hong Kong. In effect, partnering attempts to put communication back into the construction process. However, successful partnering is made more difficult by one-sided contracts. Owners who insist on harsh, risk-shifting contracts should recognize that partnering might prove more difficult. For this reason, the report recommended that the Hong Kong Government should lead the way and incorporate a more equitable allocation risk in its contracts.

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Format: PDF | Size: 27KB | Date: May 2002 | Pages: 3

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