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Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin), Royal Institute of Technology Working Paper Series, Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin), Royal Institute of Technology

No 14/9:
Framework for Structuring Procurement Contracts

Lena Borg () and Hans Lind ()

Abstract: The aim of this paper is to propose a new structure for classifying contract types and payment methods. Concerning the procurement contract types the first important feature is the stepwise structure with three main steps in the contract design: (1) should the contract only include construction or both construction and operation/maintenance? (2) Who should do the detailed design of the premise? (3) How many contractors should the client use? An important new feature of the structure is that in both step 2 and step 3 there is a continuum of alternatives. Concerning the payment methods the structure is primarily based on how the project specific risks are shared.

Keywords: Procurement; Contract; Construction sector; Infrastructure projects; (follow links to similar papers)

JEL-Codes: H44; L74; R40; (follow links to similar papers)

16 pages, October 24, 2014

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This paper is published as:
Borg, Lena and Hans Lind, (2014), 'Framework for Structuring Procurement Contracts', Australasian Journal of Construction Economics and Building, Vol. 14, No. 4



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