Title :
Which project-execution approach is best for you?
Abstract :
The author examines the advantages and disadvantages of turnkey and multiple contracting options for project management. He details how, between these two project management extremes, there are a number of other execution approaches used in which the risks are shared between the owner and the contractors in varying proportions
Keywords :
electrical contracting; project engineering; project management; risk management; contractors; multiple contracting projects; owner; project management; project-execution approach; risks; turnkey projects; Bridges; Cement industry; Contracts; Costs; Financial management; Job shop scheduling; Project management; Protection; Region 1; Road transportation;
Journal_Title :
Industry Applications Magazine, IEEE
DOI :
10.1109/2943.959114
