Models Supporting Project Subcontractors Selection for Main Types of Contracts

Conference paper

Abstract

Depending on your view of the allocation of risk between the project owner and contractor use are three main types of contracts. In this paper, we analyze the problem optimal selection of subcontractors in the case of the application a fixed price, cost-plus and time and materials contracts. Models described in the article can be found applicable in the relations between the project owner and the contractor and between the contractor and subcontractors. As a methodological basis we use the multi-criterial decision model assigning each task to specific contractors (subcontractors) in the project with the function of distribution of penalties arising from delayed completion and potential benefits in the event of early project termination.

Keywords

Contract management Cost-plus contracts Fixed price contracts Project procurement Subcontractors selection Time and materials contracts 

Notes

Acknowledgements

The project was funded by the Polish National Science Centre on the basis of the decision number DEC-2011/03/D/HS4/01649

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Copyright information

© Springer Science+Business Media Dordrecht 2014

Authors and Affiliations

  1. 1.University of SilesiaKatowicePoland
  2. 2.University of Economics in KatowiceKatowicePoland

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