Abstract

Contracts accompany all stages of the life cycle of a construction object. The contractual relationship should ensure a balance of production and economic interests of numerous participants in the construction project and stakeholders of the project. When a project is being implemented by several dozen contractors, it is difficult to achieve a balance of interests, the content of contracts is often multidirectional or contradicts each other. In order to systematize the relationships of the project participants, contractual relations in the construction industry and the functions of the subjects of contracts are analyzed. The structure of contracts in construction, based on the cash flow of the project, is proposed. Allocated 6 groups of contracts: agreements concluded by the investor; contracts concluded by the developer, employer; contract agreements; contracts for the supply of goods and the provision of services; collective and individual labor contracts. The main features of each group of agreements and the functions of the subjects of agreements in Russia and abroad are considered. It is shown that, as part of the theory of project management, it is relevant and expedient to develop a section on the structure of contracts, planning a contract campaign and support for a complex of project contracts. It is proposed to develop contracts and think through the contractual terms of the project agreed, under the leadership of the project management team.

Highlights

  • When they talk about contracts in the construction industry, the thought of building contracts immediately comes to mind

  • The life cycle of a construction project is accompanied and developed with the help of dozens of various contracts that literally permeate the entire system of production and economic relations of participants and stakeholders of the project

  • The greatest attention is traditionally paid to building contracts, which constitute only a small part of the total number of contracts

Read more

Summary

Introduction

When they talk about contracts in the construction industry, the thought of building contracts immediately comes to mind. These contracts are only a small part of the variety of relationships that is present in construction projects. The contractual relationship permeates all stages of the life cycle of a construction object. These are relations of equal partners, so they take the form of contracts. Pandemic stress in the economy of 2020 especially clearly revealed in the construction contracts in the high risks of long-term relationships between participants, high uncertainty in the content and significance of economic, organizational, technological and legislative factors of influence on the project [4, 5, 6]

Results
Discussion
Conclusion
Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.