In this post we reflect on building the ideal contract negotiation team: What should be its composition and size? What practical rules and roles for each member of your contract negotiation team? And, what behavior to expect from the team?
Often, there is confusion between the roles, responsibilities and day-to-day functioning of a Joint Venture versus a Consortium. This post looks deeper into the reasons why and when to use either and their differences.
This post describes the event organized by EBRD at its headquarters in London on the 27th of September 2018. The event was about the changes introduced with the new Red and Yellow Books of the 2017 rainbow suite. FIDIC, EBRD’s Clients and Contractors all had the opportunity to express themselves.
This post contains a conversation with Jan Bouckaert, founder of AfiTaC, about innovative services around contracts: lowering hurdles, facilitating learning, establishing a collaborative environment and much more.
Contract Management, in general, and liquidated damages, in particular, are serious subjects. Still, in this post, we manage to think about delay LDs drawing from Natalie Imbruglia’s “Torn”: genuine pré-estimate, sole remedies, rates & caps etc.
Mick Jagger can’t get no satisfaction. And what about Employers/Engineers? Should they get satisfaction from the way the contract is executed by the Contractor? Read about this funny link between the Rolling Stones and Contract Management.
It has become common practice in many jurisdictions for parties to split construction contracts with an international element. The split structure is intended to provide a reduced tax exposure for the contractor and a resulting pricing benefit for the employer. This article gives an interesting overview of potential additional burdens and risks of a tax split.
Even a profitable construction project can cause financial problems if the cash flow is negative. This post analyses some of the causes of negative cash flow – procedural rules, Customer’s approvals, Contractor’s mistakes – and some best practices to improve. AfiTaC will publish further and deeper on this subject so stay tuned!
On the road to achieving your company’s outcomes, some hurdles have to be taken. Contract Risk Scoring tools are there to identify the commercial & contractual hurdles that may stop you from achieving your outcomes. They allow you to take consistent decisions: Go/No Go decisions, mitigation actions, acceptable liability levels, provisions, margin levels etc. Please read this post for more details.