How to reduce your project cost
Mohamed, R.
How to reduce your project cost - 2003 - Cost Engineer 41(1) February 2003, 16-21(6) .
Discusses the allocation of risk between contracting parties in a project. Certain kinds of risk have previously been dealt with through exculpatory clauses, but research has found that inappropriate risk allocation can increase the total cost of a project. Presents the results of a survey conducted across the Canadian construction industry, including owners, contractors and consultants. These show opportunities for cost reduction, such as improved contract administration and trust between parties and possible problems with implementation, including the use of disclaimer clauses. Tables and graphs.
PROJECT COSTS
RISK ALLOCATION
RISK MANAGEMENT
SURVEYS
How to reduce your project cost - 2003 - Cost Engineer 41(1) February 2003, 16-21(6) .
Discusses the allocation of risk between contracting parties in a project. Certain kinds of risk have previously been dealt with through exculpatory clauses, but research has found that inappropriate risk allocation can increase the total cost of a project. Presents the results of a survey conducted across the Canadian construction industry, including owners, contractors and consultants. These show opportunities for cost reduction, such as improved contract administration and trust between parties and possible problems with implementation, including the use of disclaimer clauses. Tables and graphs.
PROJECT COSTS
RISK ALLOCATION
RISK MANAGEMENT
SURVEYS