Category: Uncategorized

Current State

Procurement is changing. Gone are the days where major projects were automatically delivered by having one party hold all the risk, either the buyer with a Cost Plus Contract or the supplier with a Fix Priced Contract.  Relationship Contracting such as Partnering, Public Private Partnerships (PPP), Early Contractor Involvement (ECI) and Alliancing Contracting is becoming increasingly common. Over time it has evolved and been refined to the point where it is now widely used in both the public and private sector. Focusing specifically on Alliance Contracting, this article provides an overview of the fundamentals. (more…)