Building Contract Ccdc 5a

The purpose of the construction contract is to distribute the duties between the different parties involved, distinguish and allocate the risk to the different parties, reduce the uncertainty surrounding the project and finally allow the parties to plan for the project and the future (Fortney, 2009). A contract is ultimately an agreement between two or more parties in which they agree to provide a specific task in exchange for something in return. The type of contract is simply the format in which the owner pays the contractor for the services.

Selecting the right procurement route can have a direct impact on the level of success to a project. There are various items that must be factored before making a decision including: size of the project,

Commonly, the level of control retained by the owner links with the level of risk, and those levels typically have an transposed relationship to the risk and control levels of the contractor (CMAA, 2012). Not all of these delivery methods is suited for every project. For each situation, there will be advantages and disadvantages in the use of any specific method. One needs to carefully assess the specific project requirements, goals, and potential challenges in order to establish the delivery method that offers the best opportunity for success (CMAA, 2012).

With a variety of procurement routes to choose from, how can one facilitate the selection of the most appropriate construction contract and avoid situations where the owner insists on using a less appropriate one? How do we begin to focus the conversation on training, and updating efforts to create a reduced number of documents (Construction Canada, 2014)? In the next chapter this dissertation will further analyse the trends and investigate how different procurement routes naturally align themselves in certain asset classes in