Key lessons learnt
Note: The program is ongoing and improved delivery solutions and models are currently being explored.
- Large and complex projects require adequate budgets, financing facilities, and contingencies allowing for the financial resolution of unforeseen difficulties.
- Large and complex projects require sufficient human resources and expertise at client and project company (SPV) levels.
- Simplified scoping and a more balanced allocation of risks together with advanced and collaborative scope variation and dispute resolution mechanisms must be considered in structuring turnkey lump sum contracts.
- Different project situations may lead to adopting different delivery models. Hybrid models may be considered.