SAVINGS THROUGH SHARED RISK AND TIME & MATERIALS CONTRACTS

Ashley M. Rammeloo; Tom Copeland; Kim Lewis

This page cannot be printed from here

Please use the dedicated print option from the 'view' drop down menu located in the blue ribbon in the top, right section of the publication.

screenshot of print menu option

SAVINGS THROUGH SHARED RISK AND TIME & MATERIALS CONTRACTS

Abstract

When the City of London set out to rehabilitate two substantial problems in the sanitary sewer system, it quickly became apparent that an uncertain scope of work as well as high risk did not lend well to a standard tendered contract process. As this form of contract would have the contractor take on all the risk, the cost of the works would increase substantially. Instead, the City acted as the Constructor and administered Time & Materials contracts, absorbing the risk and saving both time and money.

When the City of London set out to rehabilitate two substantial problems in the sanitary sewer system, it quickly became apparent that an uncertain scope of work as well as high risk did not lend well to a standard tendered contract process. As this form of contract would have the contractor take on all the risk, the cost of the works would increase substantially. Instead, the City acted as the...

Author(s)

Ashley M. RammelooTom CopelandKim Lewis

SourceProceedings of the Water Environment Federation

SubjectSession 51: Rethinking Design Considerations and Rehabilitation Options

Document typeConference Paper

PublisherWater Environment Federation

Print publication date Jan, 2007

ISSN1938-6478

SICI1938-6478(20070101)2007:14L.3868;1-

DOI10.2175/193864707787973978

Volume / Issue2007 / 14

Content sourceWEFTEC