Contracting is the backbone of the construction projects. Aspects such as risk mitigation, productivity, timely completion, profitability, cash flows, working capital, tax optimization, compliance, etc. are determined at contracting stage only basis the terms and conditions of the contracts.
Contracts pricing & delivery models, viz. EPC, Turnkey, EPCM, EPC+O&M, SITC, Lump-Sum/Fixed-Price Design & Build, Passthrough, GMP, Open Book, Cost Plus, Item Rates, DBFOT, BOT/BOOT, Annuity/HAM etc. plays crucial role for developer as well as for contractor.