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Decommissioning Contracts: "Getting more for less"the role of incentives-based contracts
Author:	Lal, Hamish
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A fundamental aspect of the UK Programme of Decommissioning and Waste Management is the desire of the Nuclear Decommissioning Authority (NDA) to achieve more for less. This requires the use of 'incentives': incentives which reward innovative management and the construction and engineering methods, workmanship and standards. This article examines the various methods which contracting parties can use to incentivise the decommissioning obligations. In particular, it considers the role and use of the New Engineering Contract Version 3 and the IChemE The Purple Book conditions of contract. The article focuses on complex contractual provisions including the use of Key Performance Indicators (KPIs); Bonuses for early Completion; Liquidated Damages; and Target Cost Contracting.

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Price:	£21.28 (£21.28 inc.)
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