Description
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There are three different types of contracting: general contracting, design & build contracting and management contracting. The matters such as international financing of infrastructure projects, international procurement procedures and standard contract forms, international arbitration and alternative dispute settlement mechanisms, export credit insurance and the removal of barriers to entry into foreign construction markets stand out as priority issues which are affecting job opportunities of international contracting services sector abroad. Construction Industry needs alternative dispute settlement mechanisms which are able to solve rapidly the disputes relating to international construction projects especially, even in the construction site as far as they emerge. A modern tender system should begin with an efficient evaluation of the pre-qualification of applicants, and proceed with a tender procedure based on high quality tender documents, and carry on with the balanced conditions of contract which fairly distribute possible risks of future between the employer and the contractor.
