TYPES OF CONTRACTS

WORK CONTRACTS

ESTIMATE PIECE RATE / LUMP SUM INTERACTIVE LABOUR INTENSIVE

EQUIPMENT CONTRATS

SPECIFICATION PERFORMANCE GUARANTEE WARRANTY MAINTENANCE SUPPORT PRE DELIVERY INSPECTION

CONSULTANCY CONTRACTS

REPUTATION OF CONSULTANTS FEE BASED ON PROJECT SIZE PAYMENT SCHEDULE ARMS LENGTH RELATIONSHIP ROLE AND RESPONSIBILITY

ERECTION CONTRACTS

COMPETENCE SITE FACILITIES WARRANTY ISSUES PERFORMANCE GUARANTEE ISSUES RELATIONSHIP WITH OTHER CONTRACT TYPES

TURNKEY PROJECTS

EXPERIENCE IN PROJECT MANAGEMENT GOOD KNOWLEDGE OF SECTOR SOUND FINANCIAL STRENGTH SITE FACILITIES PERFORMANCE GUARANTEES WARRANTY ISSUES

FABRICATION CONTRACTS

SAFETY OF EQUIPMENT GIVEN FOR FABRICATION DESIGN RESPONSIBILITY REPAIR CONTRACTS

COST PLUS CONTRACTS

UNCERTAIN PARAMETERS INEFFICIENCY LACK OF ACCOUNTABILITY LACK OF SAFEGUARDS

SERVICE CONTRACTS

SAFETY OF MATERIALS RELIABILITYEFFICIENCY

DEVELOPMENT CONTRACTS

UNCERTAINTY OF SUCCESS UNCERTAINTY OF SPECIFICATION AND PROCESS UNCERTAINTY OF ACTUAL COST REPEATED EVALUATION LONG LEAD TIME

FOREIGN CONTRACTS

TEND TO BE ONE SIDED CURRENCY ESCALATION BASED ON FOREIGN INDICES EXCHANGE RATE VARIATION LOCAL AGENTS AND AGENCY COMMISSION LOCAL PARTNERS PATENT CLAIMS TRANSIT INSURANCE LACK OF FAMILIARITY WITH LAWS EXPORT CLEARANCE CONTINUED DEPENDENCE TAXATION LICENCE FEE AND ROYALTY PAYMENTS PRICING OF BOUGHT OUT ITEMS

NEW AREAS

MANAGEMENT CONTRACTS LEASING CONTRACTS SERVICE CONTRACTS BOT AND OTHER VARIANTS

THANK YOU