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An analysis of contract cost phasing on engineering and construction projects

The development and implementation of engineering and construction projects for new manufacturing facilities in the oil, gas, and petrochemical industry is largely contracted out. Progress and cost control by the owner is an intrinsic part of these projects. The results of an empirical analysis of p...

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Main Authors: Berends, T.C., Dhillon, J.S.
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Published: 2018
Online Access:http://dspace.uniten.edu.my/jspui/handle/123456789/7492
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spelling my.uniten.dspace-74922018-01-11T09:48:00Z An analysis of contract cost phasing on engineering and construction projects Berends, T.C. Dhillon, J.S. The development and implementation of engineering and construction projects for new manufacturing facilities in the oil, gas, and petrochemical industry is largely contracted out. Progress and cost control by the owner is an intrinsic part of these projects. The results of an empirical analysis of payment and progress schedules for different contract types are presented, indicating a practice of advance payments on lump sum/fixed price contracts. The Value of Work Done concept and a normalized approximation function for progress control are discussed. The results provide guidance for progress management and contract cost phasing on engineering and construction projects. Copyright © Institute of Industrial Engineers. 2018-01-11T09:47:59Z 2018-01-11T09:47:59Z 2004 http://dspace.uniten.edu.my/jspui/handle/123456789/7492
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description The development and implementation of engineering and construction projects for new manufacturing facilities in the oil, gas, and petrochemical industry is largely contracted out. Progress and cost control by the owner is an intrinsic part of these projects. The results of an empirical analysis of payment and progress schedules for different contract types are presented, indicating a practice of advance payments on lump sum/fixed price contracts. The Value of Work Done concept and a normalized approximation function for progress control are discussed. The results provide guidance for progress management and contract cost phasing on engineering and construction projects. Copyright © Institute of Industrial Engineers.
format
author Berends, T.C.
Dhillon, J.S.
spellingShingle Berends, T.C.
Dhillon, J.S.
An analysis of contract cost phasing on engineering and construction projects
author_facet Berends, T.C.
Dhillon, J.S.
author_sort Berends, T.C.
title An analysis of contract cost phasing on engineering and construction projects
title_short An analysis of contract cost phasing on engineering and construction projects
title_full An analysis of contract cost phasing on engineering and construction projects
title_fullStr An analysis of contract cost phasing on engineering and construction projects
title_full_unstemmed An analysis of contract cost phasing on engineering and construction projects
title_sort analysis of contract cost phasing on engineering and construction projects
publishDate 2018
url http://dspace.uniten.edu.my/jspui/handle/123456789/7492
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score 13.160551

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