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Construction Industry Development Board Act, 2000 (Act No. 38 of 2000)

Board Notices

Construction Procurement Best Practice

4. Contracting Strategies

 

There are a number of ways in which risks, liabilities and obligations can be allocated between the two main parties to a contract, i.e. the employer and the contractor. Total investment costs are influenced by the risk / reward strategy that is adopted in a particular procurement. Contracting and pricing strategy permits the employer to allocate risk to the party that is best able to manage the risk.

 

➢ CIDB Construction Procurement Best Practice Guideline A5 (1005), Managing Construction Procurement Risks, establishes desirable and appropriate risk management practices.