Projects are always mired with some uncertainty and items and their quantities often deviate. Various known and unknown factors affect the prices quoted by a contractor. Success of the project greatly depend on the Project’s ability to negotiate the contracts at a mutually win-win cost, performance and time frame even in the face of uncertainties.
Practice of defining a Project/ work package through a Priority matrix is a handy tool for exploring on the negotiation possibilities.
Time Performance Cost Constrain
X Enhance X X
Figure-1 Project/ work Priority…