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Early Contractor Involvement: Improving the management of contract risk explains how to structure and administer a process of early contractor involvement within a two-stage tender process. It provides clear practical guidance on the range of factors that need to be considered to achieve the benefits of early contractor involvement (ECI) which includes improved design, pricing and risk management. Drawing on a range of case studies and the authors’ first-hand experience, the book gives much-needed practical insight into the optimal use of ECI as a procurement approach.Coverage in the book includesbenefits of the ECI process and key steps to ensure the benefits are realisedhow to administer ECI under an NEC contract and comparison with other contract forms, including JCTtargeted advice for the Client, Contractor and Project Managerdiscussion of commercial considerations, risk allocation and incentives required to deliver the benefits of ECIinsights from real-world case studies.Early Contractor Involvement offers practical guidance on a procurement approach that is becoming increasingly popular and will promote best practice within the construction industry. It will be of interest to a range of professionals working in construction procurement, including clients, contractors and project managers, as well as lawyers and professional consultants.
Michael J Smith is a former Partner and Senior Consultant at Ashurst LLP, UK. Matthew Finn is a Senior Managing Director at Ankura, UK. Dr Jon Broome is Managing Consultant at Leading Edge Project Consulting Ltd, UK. Catherine Maddox is a Senior Associate at Ashurst LLP, UK.
Chapter 1. Construction Procurement Models: Options & Trends; Michael Smith Chapter 2. Models, their Pros and Cons and when to Use; Dr Jon Broome Chapter 3. Selection Process; Catherine Maddox Chapter 4. Managing Cost Escalation on a Cost Reimbursable Contract; Michael Smith Chapter 5. Realising the Practical Benefits; Matthew Finn Chapter 6. The Client's Perspective; Dr Jon Broome Chapter 7. The Contractor's Perspective; Matthew Finn Chapter 8. The Project Manager's Perspective; Dr Jon Broome Chapter 9. Conclusions and Key Points