Summary and implications
In April the Chartered Institute of Building (CIOB) launched its
CIOB Contract for use with Complex Projects, First Edition 2013
(the Complex Projects Contract). The CIOB heralded the Complex
Projects Contract as "the world's first contract
specifically aimed at the management of time in complex
construction and engineering projects".
The Complex Projects Contract aims to improve procedures to
manage time, cost and risks by:
- creation of new roles and responsibilities – project time
manager, auditor and data security manager;
- use of a dynamic time model; and
- use of a risk event management schedule.
However, as with any new form of contract, its success (or
otherwise) can only be determined once it has been used and tested
by the industry, and there are a number of complexities and
features of the Complex Projects Contract that may dissuade parties
from choosing the Complex Projects Contract above other
well-established forms of
