contract management
Post on 06-Jan-2016
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Contract Management
What is a Contract?
Agreement between two parties (both sides think they will benefit)
Legally enforceable
Contract defines important parameters
of the agreementScope of what is being exchanged
Schedule
Price
Risk sharing
Why enter into a contract?
To use the resources or expertise of others
To complete a project or achieve a result
To acquire rights or property
OwnerOwnerOwnerOwner ContractorContractorContractorContractor
ContractorContractorContractorContractorContractorContractorContractorContractor
ContractorContractorContractorContractor
PipelinePipeline
Contract Blunders
Selecting the wrong contract partner
Not defining contract parameters (or not matching them to the situation)
Unenforceable provisions (illegal, unreasonable or erroneous)
Not following the contract
OwnerOwnerOwnerOwner
PipelinePipeline
EngineerEngineerEngineerEngineer
Sub-Sub-ConsultantConsultant
Sub-Sub-ConsultantConsultant
ContractorContractorContractorContractor
Contract management recommendations
Quality based selection
Appropriate risk sharing
Partnering agreements
Standard contract documents
Standard Contract Forms
AGC
AIA
EJCDC
Agency standard form
Consultants standard form
Template/Standard
Is familiar to parties involved
Has legal precedent
Uses established terminology
Lowers risk and costs
Modifying the Contract
Adapt to project needs (supplemental or special conditions)
Deal with the unexpected
Mutual agreement
Construction Contract Documents
• Bidding documents
• Agreement
• Standard conditions
• Supplemental conditions
• Technical specifications
• Addenda
• Change orders
Management Tools
Progress meetings
Progress reports
Payment applications
Progress incentives / delay damages
Retain a construction manager
Jared Oldroyd, P.E.Bowen Collins and AssociatesJOldroyd@bowencollins.com
UtCivilEng (twitter)
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