[Sent on 23 Dec 2021] Adopting Pandemic Resilient Contracting | BCA Singapore
[Sent on 23 Dec 2021] Adopting Pandemic Resilient Contracting Practices For Public Sector Consultancy Agreements
For Public Sector Consultancy Tenders and Agreements
To help consultants address uncertainties in risk allocation and future-proof consultancy contracts, the public sector will be adopting the following pandemic resilient contracting practices from 1 Feb 2022:
Remuneration for project prolongation;
Remuneration for additional services rendered during project prolongation;
Provision of provisional sum for cost items that can be anticipated and co-sharing of unknown cost items; and
Clarification on computation of the equal monthly payment during the construction stage due to project prolongation
For Private Sector Consultancy Agreements
Private sector contract parties are encouraged to adopt similar principles to allow for more equitable sharing of risks among project parties through provision of price and risk certainty in new tenders.
For more details, visit: BCA Circular
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