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Author: | Berends, T. |
Title: | Cost plus incentive fee contracting -- experiences and structuring |
Journal: | International Journal of Project Management
2000 : JUN, VOL. 18:3, p. 165-172 |
Index terms: | PROJECT MANAGEMENT OIL INDUSTRY CAPITAL INVESTMENT |
Language: | eng |
Abstract: | In this paper the contractual relationship between owner and Engineering contractor during the development and implementation of capital investment projects is considered. The described Cost Plus Incentive Fee contract type provides a mechanism for allocating project cost risk to the owner, being the party best placed to bear the cost risk consequences and providing a performance incentive for the Engineering Contractor, being the party best placed to manage the cost risk. |
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