Ibbs, C W; Bates, L C and Echeverry, D (1987) Owner-furnished equipment (OFE) contract practices. Journal of Construction Engineering and Management, 113(2), pp. 249-263. ISSN 0733-9364
Abstract
Owner-furnished Equipment (OFE) procurement is a contract administration technique utilized on many construction projects to save costs and time. Presently, little is known factually about the specific tactics that contribute to a successful OFE procurement, or what the magnitude of those benefits may be. This article presents the results of a comprehensive research study of OFE practices, problems, and benefits. Fifty-five OFE construction projects are analyzed, allowing a series of conclusions and recommendations to be developed. The major points examined include: Characteristics of typical OFE projects and products; the quantified extent of project benefits and costs realized; the likelihood and consequences of related contract disputes; effective contract monitoring strategies; and whether owners or third-party contract administrators should manage the supply contract.
| Item Type: | Article |
|---|---|
| Index terms: | monitoring, contract administration, owner, dispute, construction project, contract administrator, strategy |
| Subjects: | sociology, contract management, production management, management, control systems, dispute resolution, practitioner |
| Topics: | Project Management, Business Strategy, Stakeholder Management, Roles and Professions, Legal Issues, Site Management, Contract Administration |
| Descriptive scope: | 2 PC |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here