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Traditional contracting has, in recent years, come under increasing criticism for being, among other things, unable to handle increasingly complex projects as there is little incentive. ....
A look at some of the key considerations surrounding construction disputes in Singapore, including specialist courts and alternative dispute resolution options. ....
The title of my review of the last online FIDIC conference a year ago, FIDIC contracts - a preview of what is to come, now has a somewhat ominous ring to it as for the second year. ....
With tighter fiscal spending and narrowing liquidity in the GCC, projects market is under increasing pressure to optimise resources and drive more efficiency in the delivery model. The biggest opportunity to increase project value is to transform the way that projects in the region are procured in order to reduce time and cost overruns. “We understand that the traditional methods of procuring and delivering projects has not been working as optimally as it should be,” says Raymond Hector, Director – Commercial Contracts, Procurement at Abu Dhabi-based Aldar Properties. Speaking at the Collaborative Contracting webinar hosted by SNC-Lavalin in partnership with MEED, Hector says that the scale of projects in the region often makes them susceptible to design changes during the construction process. ....