Early Contractor Involvement: Improving the management of contract risk

Author: Michael Smith; Matthew Finn; Jon Broome; Catherine Maddox
Publisher: ICE Publishing
ISBN: 9781835498972
Published In: January 2025
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

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Early Contractor Involvement: Improving the management of contract risk explains how to structure and administer a process of early contractor involvement within a two-stage tender process. It provides clear practical guidance on the range of factors that need to be considered to achieve the benefits of early contractor involvement (ECI) which includes improved design, pricing and risk management. Drawing on a range of case studies and the authors’ first-hand experience, the book gives much-needed practical insight into the optimal use of ECI as a procurement approach.

Coverage in the book includes:

benefits of the ECI process and key steps to ensure the benefits are realised
how to administer ECI under an NEC contract and comparison with other contract forms, including JCT targeted advice for the Client, Contractor and Project Manager
discussion of commercial considerations, risk allocation and incentives required to deliver the benefits of ECI insights from real-world case studies.

Early Contractor Involvement offers practical guidance on a procurement approach that is becoming increasingly popular and will promote best practice within the construction industry. It will be of interest to a range of professionals working in construction procurement, including clients, contractors and project managers, as well as lawyers and professional consultants.

Chapter 1. Construction Procurement Models: Options & Trends; Michael Smith

Chapter 2. Models, their Pros and Cons and when to Use; Dr Jon Broome

Chapter 3. Selection Process; Catherine Maddox

Chapter 4. Managing Cost Escalation on a Cost Reimbursable Contract; Michael Smith

Chapter 5. Realising the Practical Benefits; Matthew Finn

Chapter 6. The Client's Perspective; Dr Jon Broome

Chapter 7. The Contractor's Perspective; Matthew Finn

Chapter 8. The Project Manager's Perspective; Dr Jon Broome

Chapter 9. Conclusions and Key Points;