Contracting for 21st century infrastructure

Abstract

Contracting practice and theory is based upon a legal framework which impedes the attainment of value, defined as quality and cost containment. The manufacture of complex, highly technical infrastructure is especially impeded. Constraints of the legal framework are being overcome through innovative infrastructure contracting practices which maintain competitiveness and accountability, and simultaneously foster collaboration among the participants. Some of these innovations are discussed along with five projects which utilized one or more of them. A management framework for contracting based on a competitive/collaborative model is offered which emphasizes value, cooperation, long-term relationships, accountability and stewardship.

Citation

Bowden, M.C. and Klay, W.E. (1996), "Contracting for 21st century infrastructure", Journal of Public Budgeting, Accounting & Financial Management, Vol. 8 No. 4, pp. 384-405. https://doi.org/10.1108/JPBAFM-08-04-1996-B005