Chapter 2. Conditional Contracts and Early Project Processes

  1. David Mosey

Published Online: 1 SEP 2009

DOI: 10.1002/9781444309867.ch2

Early Contractor Involvement in Building Procurement: Contracts, Partnering and Project Management

Early Contractor Involvement in Building Procurement: Contracts, Partnering and Project Management

How to Cite

Mosey, D. (2009) Conditional Contracts and Early Project Processes, in Early Contractor Involvement in Building Procurement: Contracts, Partnering and Project Management, Wiley-Blackwell, Oxford, UK. doi: 10.1002/9781444309867.ch2

Publication History

  1. Published Online: 1 SEP 2009
  2. Published Print: 3 JUL 2009

ISBN Information

Print ISBN: 9781405196451

Online ISBN: 9781444309867

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Keywords:

  • conditional contracts and early project processes;
  • conditional preconstruction phase agreement;
  • contract theory and areas of weakness of agreement;
  • freestanding preconstruction phase agreement;
  • recognised categories of contract;
  • planning function of contracts;
  • choices and contractual conditionality;
  • limited efficiency of incomplete agreements balanced against postponing commencement;
  • ‘bounded rationality’ or risk and fear of opportunism

Summary

This chapter contains sections titled:

  • The conditional preconstruction phase agreement

  • Recognised categories of contract

  • Effect of the number of parties

  • The planning function of contracts

  • Choices and contractual conditionality

  • Limited efficiency caused by unknown items

  • Risk and fear of opportunism

  • Conditional relationships without full consideration

  • Need for long-term relations

  • Alignment of different interests

  • Preconstruction phase agreements as project management tools

  • Contracts and new procurement systems