An analysis of contract cost phasing on engineering and construction projects.: An article from: Engineering Economist

This digital document is an article from Engineering Economist, published by Thomson Gale on December 22, 2004. The length of the article is 3558 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: The development and implementation of engineering and construction projects for new manufacturing facilities in the oil, gas, and petrochemical industry is largely contracted out. Progress and cost control by the owner is an intrinsic part of these projects. The results of an empirical analysis of payment and progress schedules for different contract types are presented, indicating a practice of advance payments on lump sum/fixed price contracts. The Value of Work Done concept and a normalized approximation function for progress control are discussed. The results provide guidance for progress management and contract cost phasing on engineering and construction projects.

Citation Details
Title: An analysis of contract cost phasing on engineering and construction projects.
Author: T.C. Berends
Publication:Engineering Economist (Magazine/Journal)
Date: December 22, 2004
Publisher: Thomson Gale
Volume: 49 Issue: 4 Page: 327(11)

Distributed by Thomson Gale