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Managing Projects’ Uncertainties—Enable Yourself

In: Infrastructure Project Completion

Author

Listed:
  • Sharat Sharma

    (Delhi Metro Rail Corporation Ltd., Former Director Operations)

Abstract

The timely project completion and cost control are critical, but often challenged by variations—changes in scope, quantities, specifications or unforeseen circumstances. The main contractual mechanisms for managing such changes: cost adjustments (especially for price escalation), contractor claims, and variations to the contract. While claims and variations are inevitable, their impact can be mitigated through careful contract preparation, early settlement of issues and a collaborative approach to problem-solving for timely completion of the project.

Suggested Citation

  • Sharat Sharma, 2026. "Managing Projects’ Uncertainties—Enable Yourself," Springer Books, in: Infrastructure Project Completion, chapter 8, pages 145-175, Springer.
    • Handle: RePEc:spr:sprchp:978-981-95-6441-5_8
    DOI: 10.1007/978-981-95-6441-5_8
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