There have been many notable successes and failures in selection of the appropriate contracting method and contract option. Focusing on the failures provides a basis to develop "Lessons Learned." Since a typical project contains scope, time, cost (quality & safety are important also), the interrelationship between these helps determine the preferred method. In the Project Management Module, the interrelationships are briefly addressed. Also, the importance of applying contingency for budget and time are discussed in order to understand the risks as the project progresses.

No contract or delivery method shields the signatories from risk. A thorough understanding of the scope of work, timing, cost and how responsive the parties must be is a necessary starting point.

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