Procurement Management, Project Management
Procurement Management
Construction Industry, Procurement Management
Contractor risk in the Gulf’s ‘new wave’ of EPC contracting
by Sachin Kerur
With global business headlines currently dominated by debt restructuring issues facing Dubai World, the Gulf region is again subject to the negative gaze of the West. Despite this, the UAE and the broader Gulf region is likely to be a fertile region for major international contractors over the coming years.
Imminent infrastructure projects in the Gulf, as well as the current one, will provide major contractors with opportunities when global pickings are slim. However, contractors are already facing, and will continue to face, an increased transfer of risk combined with compressed margins in respect of new infrastructure projects and EPC contracts. …
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Construction Industry, Contract Administration, Procurement Management
Tendering Tips and Traps
This article will touch on some of the fundamental legal aspects of the tendering process relating to construction and engineering projects and offer some guidance on how best to avoid problems during this crucial stage of contract formation. Tendering for large and complex construction or engineering projects can be a very expensive exercise for employers and tenderers alike. However, it would be money well spent if the objectives of tendering were achieved. …
Procurement Management, Project Management
Procurement Methods for projects
There are various methods of procurement which can be broadly classified under the following headings:
Traditional
Design and Build
Two Stage Tendering
Public Private Partnerships / Private Finance Initiative
Management Contracting
Construction Management
Framework Agreements
There are various methods of procurement which can be broadly classified under the following headings: …
Procurement Management
EPC / EPCM Definition & Comparison
Many different terms are tossed around the construction industry loosely describing the different methodology used to design and construct new facilities and turnarounds. Unfortunately, there are no tried and true definitions for the different methods and numerous variations of each of the most popular methods. …
Construction Industry, General Management, Procurement Management, Project Management
Implementing Strategic Management in Construction
By Samer H Skaik
Introduction
Strategic thinking has engaged the brains of business leaders for centuries. Many books and researches have been developed to cover the strategy subject because of its importance. Organizations always seek to adopt dynamic and effective strategic management to secure proper growth and remain competitive.
Strategic management is necessary to any organisation particularly those working in construction where there is a rapidly changing environment with adverse competition and surprises which may act as serious threats to organisation stability. …
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Procurement Management
Two stage tendering
Two-stage tendering is slowly being recognised in the Middle East as a potential way to achieve an employer’s objectives and reduce risk, writes EMILY LAWRENCE*. …
Contract Administration, Procurement Management, Project Management
What should Clients do when dealing with one tenderer only?
By Samer H Skaik
Sometimes, clients face difficulty to procure projects due to absence of competitors. The risk of how to secure value for money is extremely high when dealing with one single contractor to quote and execute the works. This article gives significant guidelines for which client can follow to minimize such risk and achieve value for money:
…
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General Management, Procurement Management, Project Management
Challenges facing management practice
By Samer H Skaik
Management principles should be deeply understood by organizations to be mature enough to face the challenges of the 21st century. The search for better and more efficient ways of utilizing people’s knowledge and skills in providing services has become a must to handle challenges like globalization, micro-electronic technology, Market changes, lack of skilled employees and increased expectations of customers…etc. …
Contract Administration, Procurement Management
Advising clients on the appropriate form of contract
In some procurement contexts, the choice of contract may be determined by external factors, such as requirements of the funder. For example the World Bank now require the FIDIC forms of contract to be used on projects of over £6 million, and it appears as if the NEC form may be the preferred choice for the Olympic construction programme. In such cases the form to be used will have been selected before the Architect and other consultants are appointed. …
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Contract Administration, Procurement Management
UAE: time for GMP Contacting?
Clients who ask us to help them draft forms of guaranteed maximum price (GMP) contracts, have a variety of reasons for their decision to contract on this basis. Fixed price lump sum contracting, they point out, assumes that the design will be more or less complete at the time the contract is signed. …
Procurement Management
PPP: the way forward for region’s projects
While there are constraints to the implementation of PPPs in the Middle East, the region remains a fertile ground for innovative PPP solutions and governments are working hard to overcome the obstacles that currently exist, writes Joanne Emerson*. …