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Target cost contracts are no guarantee when partnering

By: Series: Construction News ; (6849) 15 January 2004, 16(1)Publication details: 2004Subject(s): Summary: Looks at how client and contractor should be sure they choose the best option for a project, when there is an expanding range of contracts inspired by the chemical industry. Highlights how the IChemE forms of contract have become popular in areas of construction, as they concentrate on testing. A target cost version is of limited value to the concept of partnering.

Looks at how client and contractor should be sure they choose the best option for a project, when there is an expanding range of contracts inspired by the chemical industry. Highlights how the IChemE forms of contract have become popular in areas of construction, as they concentrate on testing. A target cost version is of limited value to the concept of partnering.