Many producers/traders harbour ambitious plans to acquire, expand or build larger and better networked infrastructure for the production, transportation, storage and processing of their commodities and products. Successful delivery of infrastructure begins with the correct choice of contract.
How can that be achieved?
This is the first in a series of Alerts on the contractual issues which can pose a threat to the cost-effective and timely completion of such infrastructure. This first Alert focuses on the critical area of contract selection. The series will go on to address each project phase and suggest best practice to avoid the potential pitfalls and risks associated with the implementation of infrastructure projects.
Selecting the Right Construction Contract for Your Project
Successful delivery of infrastructure begins with the correct choice of contract.
The perfect "watertight" contract does not exist, but as someone once said, "If you chase perfection, you often catch excellence". How can a producer/trader navigate through what might seem a bewildering array of contracting options for his infrastructure project, and in doing so select a form of construction contract which suits the characteristics of a specific project or series of projects which form part of his capital works programme?
Please see full alert below for more information.
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