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World’s first Time Management Contract for Complex Projects announced by the CIOB

PM INDUSTRY NEWS

After two years in the making, on 23rd April 2013, the Chartered Institute of Building (CIOB) will publish the world’s first contract specifically aimed at the management of time in complex construction and engineering projects. It is also the first standard form contract to cater for Building Information Modelling (BIM) and the future of collaborative design.

time-management-contractThe Complex Projects Contract 2013 (CPC2013) focuses on managing time to ensure projects are delivered to specification on budget and without delays. Unlike existing contracts, which target failure through only through financial compensation or encouragement in the hope that improvement can be made, CPC2013 provides the procedures to enable parties to manage time (and cost) risk events in a modern and proactive fashion.

According to the CIOB, current standard forms of contract do not encourage, and in some cases actually inhibit, the competent management of time making them unsuitable for controlling the risk of time and cost escalation on complex projects. According to CIOB research [1] 87% of complex building projects were late and of those delayed 60% were completed more than 6 months late.

Speaking about the contract, Keith Pickavance, a Past President of the CIOB and lead author of CPC2013 said: “This is a modern day contract designed for the data age. It underlines and meets the need for a collaborative and competent approach to how risks are managed utilising transparent systems of data. It can be used with, or without, Building Information Modelling and has been drafted to work in any country and legal jurisdiction around the world.”

He adds, “The causes and consequences of delay are the single most common reason for uncontrolled loss and cost escalation in complex building and engineering projects, where the design is produced by the employer, or contractor.”

The contract is part of the CIOB’s agenda to establish a culture of managing time in construction. In 2011 the Institute published the ‘CIOB Guide to Good Practice in the Management of Time in Complex Projects’ [2] which was followed by the CIOB Project Time Management Qualification [3] in 2012.

This is not the first time the CIOB has been involved in developing forms of contract. Back in 1871 the Institute with RIBA published the very first standard form of construction contract.

There will be two briefing meetings in late April 2013 to coincide with the launch of CPC2013. For further details, please see http://www.ciob.org.uk/CPC.

Further information is available at:- Julie-Anne Gyton: [email protected]; Telephone Day +44 (0)1344 630765 Mob: +44 (0)7711 007269 or Saul Townsend : [email protected]; telephone Day +44(0)1344  630766   Mob: +44(0)787 9478 99

The Chartered Institute of Building (CIOB) is at the heart of a management career in construction. Their focus is on those entering and already in a management career in construction, by delivering qualifications and certifications that meet the needs of a changing industry.  The CIOB works with members, employers, academia and governments across the globe to drive forward the science, practice and importance of management in construction. Further information is available by contacting Saul Townsend on [email protected] or +44 (0) 1344 630 766.

References: 

[1] http://www.ciob.org.uk/sites/ciob.org.uk/files/WEB-INF/files/documents/TM_summary_web.pdf 

[2] http://www.ciobstore.com/Product.asp?PID=6237 

[3] http://www.ciob.org.uk/ptmq 

Source: CIOB