Mandell, Svante; Nilsson, Jan-Eric - Transportekonomi, Väg- och Transportforskninginstitut (VTI) - 2010
Today’s dominant mechanism for infrastructure project tendering is the Unit Price Contract (UPC). While the winning bidder retains risk related to the unit price bids submitted, the Principal carries all risk related to misspecification of the activities required for having a project build....