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This study investigated various types of cost reimbursement contracts, with particular emphasis on the Cost Plus Incentive Fee (CPIF) contract. Pertinent regulations, guides, literature, and other data were studied and consolidated to form the basis for the guidance and recommendations offered. The various elements of the CPIF are defined and their interrelationships explained. Techniques for structuring CPIF contracts for maximum effectiveness are suggested. (Author).
In all but the smallest of projects the project sponsor inevitably has to buy in the goods and services of other suppliers. This requires people to make contracts so that they know the basis on which they are working with each other and to deal with any disagreements that subsequently arise. So a knowledge of contracting specifically for project management is essential if a project is to avoid difficulties and reach a successful conclusion. This book concentrates specifically on the contracting issues that surround projects of any size.
This book is aimed at those who want to apply or improve the application of partnering in the construction and heavy engineering industries to their projects. It focuses on procurement aspects based on the premise that unless the commercial and contractual conditions align objectives, there is little stimulus to change the culture and integrate processes and teams to achieve the outstanding results that can be attained through partnering.This invaluable book presents detailed information about the partnering and procurement process, which will lead to better delivery of construction projects.