A further, and probably, most significant development has been the way that risk is apportioned between contractor and site owner.

The historical model – in which the contractor was paid to do the job and the site owner took the financial risk by paying the contractor – is all but dead. Instead, the market is steadily moving to place as much risk as possible on the shoulders of the operator – through fixed price contracts to total risk contracts where the contractor, in effect, leases out space from the site owner and becomes responsible for operations and marketing to the on-site employee.

Importance of Contract Types

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