ABSTRACT
Contracts for engineering and construction of a chemical facility can fall under any, or a combination, of the following variations.
Negotiated or Competitive
• If you are a hard-nosed experienced negotiator with a thorough understanding of project costs and are fully versed in the technical aspects involved, a negotiated contract could be a very attractive alternative. Unfortunately, few meet these criteria, and the down-to-earth Project Manager should shy from negotiated contracts and promote competitive situations.
