KEO: 'Contract development key to time savings'
Detailed contract development can lead to the creation of better products and save time, KEO senior official tells Construction Week
Design and development of watertight construction contracts could go a long way in ensuring lack of time and funding delays, a senior official from KEO International Consultants told Construction Week.
Glenn Platt, managing director for infrastructure at KEO, said: “The development of better contracts and the way we structure them could help us not just from the point of view of producing a better or more sustainable product, but also potentially saving time.
“That’s a very important thing. There’s quite an amount of detail into putting exactly what we want into documents, specifications and RFPs (requests for proposal).
"As consultants, we get a lot of RFPs from clients, which sometimes take a while to understand. So a little more effort into contract development will help in the long run," Platt added.
Platt said he is open to experimenting with contracts unlike the traditional model used in the region.
“I’m a big fan of trying different contracts; I’ve done it before. We’ve started to see some more EPC contracts too now,” Platt said.
Commenting on design and build (D&B) contracts, Platt said: “D&B contracts, I think, depend on what you want to design, or, as a client, what you’re happy with, and how much responsibility you’re willing to give a contractor.
"It’s a good way to carry out projects, but it’s still unfamiliar to a lot of people. However, as younger engineers and expats come in, a greater understanding of D&B will develop.”