Effective Contract Management : A Few Salient Points
Introduction
The Construction Industry is almost unique where the "Project is sold before it is made." Instead it can be said that each individual contract in the construction industry contains a degree of distinctiveness even though the contracts may be on standardized forms. The reasons are not far to seek.
Contract Management
Construction is the essence of 3 E's (Economical Extraction of Energy from 5 M"s (Men, Money, Materials, Machines, and Methods), now 6th M has also been added and that is: Management. There are engineers who have added 2 more: mafia and muscle power.
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Published on:
16 August 2010
Published in: NBM&CW July 2009
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