Saturday, 20 January 2018

Negotiated Contract



In this type of contract, negotiation across the table takes place between representatives of the owner and the main contractor for project cost and other conditions of contract. In this type of contract,
detailed projects specifications are arrived at by discussions between the owner and the main contractor and consultant.

A negotiated contract involves extended discussions for finalization as a competitive contract. Most of the consultancy projects of World Bank are negotiated contracts.

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