Flexible contracting mechanisms facilitate the implementation of dynamic work strategies while at the same time producing cost-effective and defensible contracts.
Dynamic work strategies, by definition, result in field activities whose ultimate scope and direction are not completely definable before work begins. Consequently, for a Triad approach to be implemented effectively, flexible contracting mechanisms are required that facilitate modifications to the work strategy as work progresses, while at the same time producing cost-effective and defensible contracts. The cost-estimation process is also a critical component of implementing a Triad-approach. Details about cost-estimation and contracting options important from a project manager's perspective are provided in the section entitled Cost Estimation and Procurement.
