The manner in which the project is to be facilitated or procured
is an issue which should be dealt with very early in the project
planning phase, since it will have a significant effect on the way
in which the project parameters are expressed. For instance, construction
which is to be accelerated, or "fast-tracked", should
require a shorter schedule but will carry significantly higher risks.
Conversely, the more time taken to improve the definition of the
project's scope, the lower should be the project risks. In each
case, the form of contracting must be tailored to suit.
Hence questions such as: Is the sponsor and/or senior management
committed to realistic scope, quality, time and cost parameters
for the various contracts? Is the project team committed to preparing
and administering contracts such that they will do whatever it takes
to get the job done right?
Are the contract/procurement function and the efforts of the rest
of the project team integrated to ensure a common commitment to
the objectives of the project in contractual decision making?