Procurement for Dredging Projects
Procurement for dredging projects starts with a call for competitive bids guided by recognised tendering procedures.
The aim of such a procurement effort is to arrive at a cost-effective contract for implementing a dredging project. Ideally a contract should not be the lowest price, but the best value price. Dredging contracts can be roughly split into two project groups: Read more
- Large-scale capital dredging projects which tend to be complex and require high quality standards. These projects often include considerable risks and are costly. They therefore require a qualified and experienced contractor who can assemble a flexible team.
- Maintenance dredging projects which are usually more routine and will have less chance of encountering unexpected adverse physical conditions.
ContractsWhen formulating a contract for the procurement of services from a dredging contractor, a number of key factors should be considered:
- In what timeframe must the work be completed?
- What is the budget for the project and is that fixed?
- What level of quality is required and/or expected?
- How technically complex is the project?
- How flexible are the parameters of the operation? Can changes be expected?
- What are the risks and what are the risk allocations, that is, which party is responsible for which risks?