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What does negotiation means when it comes to negotiating contracts. Sure, it does not mean the stronger party influences the weaker party to accept their terms and conditions. When the teams are lacking information and the flexibility to compromise, the contract negotiation is exposed to failure before it commences.
Contract Negotiation


 
Nowadays design and build contracts are used for major projects, where the believe that the cost can be more controllable and predictable is widespread. Nevertheless, the practice usually shows that design-build projects do require comprehensive contract administration.
Contract Procurement


 
We call contract negotiation when parties with their own interests meet common objectives. The whole process of negotiations is a dynamic alteration and modification so that the terms of the contract can meet both parties common objectives and goals.
Contract Negotiation


 


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