Overcoming Ambiguity

Better management of maintenance and construction projects begins with contracts


In today’s atmosphere of contractor-heavy workforces, on-time and on-budget maintenance projects can be optimized by creating fair contracts that balance risk between owners and contractors, and ensuring that each contract is appropriate for the type of work it is prescribing.

About the Author:

Bob Harrell

Bob Harrell is the CEO of Track Software, a provider of contractor management solutions for cost control, project visibility and administrative ease of use. For further information, please visit www.tracksoftware.com

Takeaways:

  • Start with a well-written, risk-balanced agreement between plant owners and contractors
  • Prequalify and invite at least three capable contractors to bid
  • When work scope is difficult to ascertain, a time and materials contract is often the best match
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