Contracts and International Project Management

Contracts and International Project Management by David G. Carmichael delves into the critical role of contracts within project management. An essential ingredient of project management involves the development, use, administration, and management of contracts. Any significant project involves numerous players and stakeholders who are contractually interlinked. Therefore, it is imperative for all project personnel to be aware of contract matters.

Historically, project personnel have struggled to find systematic and comprehensive literature on contractual matters that is easily understandable. This book addresses this gap by providing clear insights into these issues.

The book focuses on key decisions such as whether to contract out (outsource) work or perform it in-house. It also explores various contractual payment options, including bonuses and penalties, and examines different delivery methods and contractual relationships among project participants.

This exploration is set within an international context, acknowledging how project management practices and customs can differ between countries, adding an extra layer to the complexity of contracting.

To aid understanding, the book includes numerous case studies and exercises, helping readers to grasp the contractual and project management issues discussed.