Browsing by Subject "Construction contracts"

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    Aspects of tenders for construction contracts
    (1972) Crail, Hugh Francis; Sparks, A D W
    Before considering in detail that portion of the cost of a Civil Engineering project associated with the employment of a contractor, one should take an overall look at the total cost of an average project. This would usually include the following items a) cost of the land on which the project was to be built; b) legal expense incurred in drawing up conditions of contract, etc.; c) financial expense including interest on bank loans or the cost of issuing bonds; d) cost of construction itself; e) cost of employing consulting eng1neers to design and supervise the project; f) loss of interest that could be earned by capital tied up during the construction period; g) contingencies. It is clear that while construction costs do not constitute the complete cost of a project, they nevertheless form a very large part. Hence, once the consultants have been appointed, they theoretically expend a great deal of time and energy in choosing an optimal design in close co-operation with the promoter.
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    An evaluation of the available methods of selecting a contractor, in order to satisfy the client's objectives, with a view to offering a systematic approach to which method should be adopted
    (1986) Stevenson, Colin; Butt, P E
    Although the client's objectives of balancing cost, time and performance have not changed, the complexity of the design and construction of modern buildings today requires a thorough understanding of the factors affecting these objectives if they are to be accomplished. This study therefore begins by analysing the client's objectives to establish the factors affecting each objective and to determine the inter-relationship and possible conflict between these factors. The principal types of contracts and methods of selecting a contractor are then identified. The methods of selecting a contractor are then evaluated according to these factors and their effects on the client's objectives are established. This evaluation is then used as the basis for recommending a procedure to choose which method should be used to select a contractor, in order to accomplish the client's objectives, under differing circumstances.