Construction Contracts: Procurement, Administration, and Risk Analysis

This report delves into the intricacies of construction contracts, procurement strategies, and contract administration. The first part compares and contrasts traditional and collaborative procurement strategies (Design and Build, and Public Private Partnership), discussing their key principles, advantages, and disadvantages, supported by references. The second part examines the role of the contract administrator, particularly addressing whether a client can also fulfill this role, exploring potential conflicts of interest and implications on regulatory compliance. The final section focuses on critical contract clauses, such as site conditions, risk allocation, and variation clauses, analyzing their impact on construction projects and offering suggestions for both contractors and clients to mitigate potential risks. The report emphasizes the importance of flexibility and adaptability in contract management to address the dynamic nature of construction projects.