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Projects fail at an alarming rate. Only 8.5 percent finish on budget and on time. Half of one percent deliver what they promised.

That is what the data shows across more than sixteen thousand projects, and it has not improved. In the largest study of capital project performance ever assembled, an estimate prepared in 1998 was no more accurate than one prepared in 1928.

Better software did not fix it. More data did not fix it. Seventy years of new tools did not move the needle.
One thing does move it. Projects run with disciplined contract management average 2.3 percent under budget. The same projects without that discipline average 8.6 percent over. Schedule growth runs 1.8 percent against 11.5 percent. That difference is not luck. It is management, and it can be learned.

Contract Management: A Practical Guide for Contracting Professionals is a complete, operational program for the people who administer contracts on capital projects. It began as a whitepaper written in 2001 and has been rebuilt on thirty-five years of contracting experience across private sector and public programs ranging from one hundred thousand dollars to more than thirty billion.

Sixteen chapters in four parts:
Part I. What contracts actually do in a project, the principles of administration, capital cost structure using EPC/CM and LEMSO and the work breakdown structure
Part II. Finding and prequalifying contractors, structuring a bid and award process that will hold up, negotiation and execution, and choosing among contract types
Part III. The contract file and record retention, meetings, RFIs and submittals, change management including constructive change and differing site conditions, invoicing, payment and cost control, and monitoring schedule, quality and safety
Part IV. Closeout and final completion, applying lessons learned, and an evidence-based look at where the discipline is heading

What makes it different?
Every number is sourced. Notice periods, day counts, retainage limits and payment terms are traced to the Federal Acquisition Regulation, AIA A201-2017, the FIDIC conditions, PMI, CMAA, AACE International, ISO, OSHA, the World Bank and the GAO.

It is operational, not theoretical. Checklists, decision matrices, tables and case examples appear in every chapter.

A complete sample procedure. Appendix A reproduces a full procedure with its seven working forms, ready to adapt.

A bibliography organized by chapter so any claim can be checked at its source.

A glossary of more than two hundred terms.

Written for contract managers and administrators, project managers, engineers, procurement specialists, legal professionals, and the executives who answer for the outcome. It is not a textbook on construction law and not a substitute for counsel. It is a practitioner's account of how disciplined contracting produces defensible decisions, and how the absence of it produces disputes.

About the author
Drew Allen is the Founder and Chief Estimator of Atomic Cost, LLC, with more than thirty-five years estimating, negotiating and administering contracts in nuclear power, chemical process, oil and gas, and Department of Defense and Department of Energy programs. He has served as Cost Estimating Manager for GE Hitachi Nuclear Energy, Vice President of Estimating for Chemtex International, and Senior Director of Estimating for CB&I. He is also the author of Atomic Cost: Estimating Nuclear Power and Design To Cost: A Practical Guide to Control Capital Project Costs.

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Isbn 13 :9798993807263
Encadernação CONTRACT MANAGEMENT: A Practical Guide for Contracting Professionals:Capa Comum
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