Managing the costs of construction designs carried out in accordance with the FIDIC contract conditions - selected issues  Cover Image

Zarządzanie kosztami projektów budowlanych realizowanych zgodnie z procedurami kontraktowymi FIDIC – wybrane problemy
Managing the costs of construction designs carried out in accordance with the FIDIC contract conditions - selected issues

Author(s): Agnieszka Nóżka
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: costs; project cost management; FIDIC contract conditions; construction investment projects

Summary/Abstract: The present article deals with the management of construction design costs. Construction industry is considered to belong to the areas with large capital intensity and business variability with the construction designs being one of the most complex with respect to management, including cost management. The widely renowned contract specimens drawn up by FIDIC have been increasingly used for developing mutual relations between the participants of construction designs (who not infrequently come from different countries). The aim of this article is to analyse the FIDIC contractual procedures that relate to the costs and the system of managing the costs. The concept of the so-called “magic design triangle” was adopted as the background to the analysis, describing the relations between different dimensions of the design such as the scope, time, quality and expenses. The basic research methods applied to carry out the adopted aim include the study of the subject-matter, critical and comparative analyses of the FIDIC standard conditions and the case study of a selected construction design carried out as per the FIDIC procedures on the basis of which the impact of contractual terms and conditions on the costs and cost management was shown. The analysis shows the record and the components of the FIDIC specimens that are related, directly or indirectly, to the costs over and above other aspects of the design connected with the costs, determining the scope of cost management.

  • Issue Year: 2015
  • Issue No: 398
  • Page Range: 380-390
  • Page Count: 11
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