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Contract Construction Activity

Author

Listed:
  • Antoaneta Claudia Butuza

    (West University of Timişoara, Romania)

  • Loredana Valentina Hedre

    (Sinergy East Timişoara, Romania)

Abstract

This paper presents the main types of contractual arrangements used worldwide in construction: traditional contracts, cost reimbursable type contracts, management contracts and other contractual arrangements such as partnership, offering two-phase, contracts in series and turnkey contracts. Also, based on a comparison of the main types of contractual arrangements a number of recommendations are suggested for choosing the appropriate type of contract construction project to be realized.

Suggested Citation

  • Antoaneta Claudia Butuza & Loredana Valentina Hedre, 2010. "Contract Construction Activity," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 10(3), pages 33-40.
    • Handle: RePEc:pet:annals:v:10:y:2010:i:3:p:33-40
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    More about this item

    Keywords

    type of contract used in construction; cost reimbursable; contracts management;
    All these keywords.

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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