2009Journal of Sinopec Management InstituteRequires access

Management of Project Claim in Construction Enterprise

N Sinopec

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Abstract

Claim often occurs in project contract.Low bidding,frequent vise and high is well known in international engineering construction field.But,in our engineering construction market,it has not been well known and fully used by contractors;or,even though we have right to claim,we do not know how to claim and even dare not to.A correct project claim affects greatly the effect of project contract.To be familiar with international institutions and economic contract act,master various factors for claim,be clear accordance of claim,and to pay attention to management of claim can reduce or avoid loss for contractors in fierce engineering construction market and make better economic benefit for the contactors.

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Claim often occurs in project contract.Low bidding,frequent vise and high is well known in international engineering construction field.But,in our engineering construction market,it has not been well known and fully used by contractors;or,even though we have right to claim,we do not know how to claim and even dare not to.A correct project claim affects greatly the effect of project contract.To be familiar with international institutions and economic contract act,master various factors for claim,be clear accordance of claim,and to pay attention to management of claim can reduce or avoid loss for contractors in fierce engineering construction market and make better economic benefit for the contactors.

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Available abstract

Claim often occurs in project contract.Low bidding,frequent vise and high is well known in international engineering construction field.But,in our engineering construction market,it has not been well known and fully used by contractors;or,even though we have right to claim,we do not know how to claim and even dare not to.A correct project claim affects greatly the effect of project contract.To be familiar with international institutions and economic contract act,master various factors for claim,be clear accordance of claim,and to pay attention to management of claim can reduce or avoid loss for contractors in fierce engineering construction market and make better economic benefit for the contactors.

Key concepts: Bidding, Business, Construction contract, Project management, Contract management, Law and economics, Marketing, Industrial organization

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