There are many methods proposed to write effective contracts. The approach is usually based on finding the perfect balance of pricing, incentives, distribution of risk and setting quality control measures. As contracting strategies have changed.....
In an effort to combat poor performance an approach to contracting has been used labeled public private partnerships (P3). One of the main issues cited with P3 projects is the process of transferring risk, which contractors feel is disproportionate to...
When most client run into a challenge problem, they have already spend time thinking, Googling, and researching all the possible solutions....
The article analyzes the finding of a Mail Manager research with architecture, engineering, and construction (AEC) firms in the US and UK. Based on the research results it was identified that: 63% of respondents reported having some form ...
It is important to realize that not all vendors are enthusiastic about collecting and posting performance metrics. Logic tells you that posting performance metrics will create transparency and will clearly identify how well a vendor performs....
Today’s procurement tip is a general leadership concept. It can be used when you have already pre-identified or awarded the project to one vendor and are now clarifying, negotiating, or planning their final proposal and contract. The tip is to...
The State’s proposed legislation is motivated by higher-than-expected costs on the Mount Rose I-83 interchange project. The situation is a microcosm of the construction industry’s discrepancy between the clients...
This article is a part of a series of articles unravelling the secret to improving information and communication technology (ICT) project performance. Previous articles have already...
Buyers are required to procure a wide range of services including IT, construction, marketing, travel, etc. As technology and techniques are continually improving, it has become increasingly more difficult—if not impossible...
Project management (PM) is a fundamental component of delivering services. In 2010, the Project Management Institute identified that 99% of global senior executives identified the importance of the PM method ...