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2010•RePEc: Research Papers in EconomicsOpen access

CONTRACT CONSTRUCTION ACTIVITY

Antoaneta Claudia Butuza, Loredana Valentina Hedre

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Abstract

This paper presents the main types of contractual arrangements used worldwide in construction: traditional contracts, cost reimbursable type contracts, management contracts and other contractual arrangements such as partnership, offering two-phase, contracts in series and turnkey contracts. Also, based on a comparison of the main types of contractual arrangements a number of recommendations are suggested for choosing the appropriate type of contract construction project to be realized.

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This paper presents the main types of contractual arrangements used worldwide in construction: traditional contracts, cost reimbursable type contracts, management contracts and other contractual arrangements such as partnership, offering two-phase, contracts in series and turnkey contracts. Also, based on a comparison of the main types of contractual arrangements a number of recommendations are suggested for choosing the appropriate type of contract construction project to be realized.

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Available abstract

This paper presents the main types of contractual arrangements used worldwide in construction: traditional contracts, cost reimbursable type contracts, management contracts and other contractual arrangements such as partnership, offering two-phase, contracts in series and turnkey contracts. Also, based on a comparison of the main types of contractual arrangements a number of recommendations are suggested for choosing the appropriate type of contract construction project to be realized.

Key concepts: Turnkey, Contract management, General partnership, Business, Construction contract, Industrial organization, Operations management, Finance

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