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Ongoing pressure on prices for construction projects adds to the significance of cost estimation accuracy in building construction. Due to competition from Asian entrants, main contractors in the plant engineering industry are starting to face a similar situation. In the present paper, the cost...
Persistent link: https://www.econbiz.de/10010462878
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The present discussion paper provides an overview of key characteristics of turnkey model contracts for Major Industrial Plant Projects (MIPP). The overview includes four international model contracts used in the plant engineering industry: the FIDIC Silver Book, the Orgalime Turnkey Contract...
Persistent link: https://www.econbiz.de/10012856247