- Author
-
Ibbs, C. W.
|
Back, W. E.
|
Kim, J. J.
|
Wall, D. E.
|
DeLaGarza, J. M.
|
Hassanein, M. A.
|
Schran, S. M.
|
Twardock, R. K.
- Title
- Determining the Impact of Various Construction Contract Types and Clauses on Project Performance. Volume 1. Analysis and Recommendations.
- Coporate
- University of Illinois, Urbana-Champaign
- Sponsor
- National Science Foundation, Washington, DC
- Report
-
Source Document 10; Task Force 83-5
April 1986
196 p.
- Contract
- NSF-GRANT-MSM-84-51561
- Keywords
-
construction
|
data analysis
|
cost effectiveness
- Identifiers
- general clause and project performance analysis; analysis of different clause families; analysis of contract types; owners vs contractors; contractural allocation of risk
- Abstract
- This chapter summarizes the important findings of an intensive, year-long research study into the impact of various construction contract types and clauses. It summarizes the work of the Construction Industry Institute (CII) Contracts Task Force, a balanced group of owner, contractor and university representatives. The long-term goal of that Task Force is to improve construction cost effectiveness through better contracting. With that broad charter as a guiding principle, the Task Force determined that its first task should be to identify what impacts various contract types and general conditions clauses have on projects. This University of Illinois research team received a commission to research these impacts. The research methodology was to develop an extensive questionnaire seeking information about specific project practices and results. This survey was applied and responded to by 36 CII member companies, for one individual project of their choosing. The 21 Owners and 15 Contractors in this study submitted results from 16 lump sum, 4 guaranteed maximum, 11 cost plus fixed fee, 3 cost plus percent fee, and 2 target estimate contracts completed within the past three years.