Level: Intermediate
Author(s): Dr. George O. Okere, CCP
Venue: 2017 AACE International Annual Meeting, Orlando, FL
Abstract: Even though the evidence shows that almost every project encounters contract changes, practitioners still fail to prepare adequately to administer contract changes effectively. Our understanding of those practices that should occur before, during and after contract changes are encountered is important. Ineffective contract administration is a problem that cost taxpayers money and should be evaluated for possible solutions. The objective of this research was to find ways to improve awareness on pervasive contract changes, evaluate the likelihood of encountering contract changes on a project, and investigate a more systematic approach to administer contract changes. The research approach is an in-depth literature review method and the research gathered, analyzed and synthesized literature and empirical data from other research reports. This research provided a perspective and awareness on contract changes, provided evidence to support the fact that the likelihood of contract changes is high, and it explored key factors that affect effective contract administration. This research showed that contract change is inevitable, should be expected, and properly planned for. The findings from this research have implications on practice and policy and should help reshape how contract changes are administered.
Author(s): Dr. George O. Okere, CCP
Venue: 2017 AACE International Annual Meeting, Orlando, FL
Abstract: Even though the evidence shows that almost every project encounters contract changes, practitioners still fail to prepare adequately to administer contract changes effectively. Our understanding of those practices that should occur before, during and after contract changes are encountered is important. Ineffective contract administration is a problem that cost taxpayers money and should be evaluated for possible solutions. The objective of this research was to find ways to improve awareness on pervasive contract changes, evaluate the likelihood of encountering contract changes on a project, and investigate a more systematic approach to administer contract changes. The research approach is an in-depth literature review method and the research gathered, analyzed and synthesized literature and empirical data from other research reports. This research provided a perspective and awareness on contract changes, provided evidence to support the fact that the likelihood of contract changes is high, and it explored key factors that affect effective contract administration. This research showed that contract change is inevitable, should be expected, and properly planned for. The findings from this research have implications on practice and policy and should help reshape how contract changes are administered.