EVOLUTION OF CONTRACT MODELS AND THEIR IMPACT ON THE SUCCESSFUL IMPLEMENTATION OF CONSTRUCTION PROJECTS

This article explores various contract models used in construction projects and their impact on successful implementation. It examines approaches such as Design-Bid-Build, Design-Build, Engineering, Procurement, Construction, Integrated Project Delivery and Public-Private Partnership, highlighting their features, advantages, and limitations. The effectiveness of these models is assessed in terms of their impact on project timelines, budget, and quality. Based on empirical data, the article analyzes the results of applying different contract strategies in large construction projects and provides recommendations for selecting the optimal model depending on the specifics and risks of each project.