The contract strategy is a major part of the investment process. The contract strategy determines the contract links between the employer, the design organisation, contractors, sub-contractors and other professionals engaged in the construction process. Each of these links will also have contract documents and usually a standard form of contract. Contract strategies are sometimes called procurement strategies, but this book treats procurement as a wider issue which includes purchasing strategy, tendering policy and possibly other issues such as standardisation, contract relationship management and so on.
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- Contract strategies: separated, integrated and management
- Macmillan Education UK
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- Chapter 8