As well as conventional "hard dollar" contracts, KT has been involved with many successful collaborative style contracting strategies. These contracts have been true "open book" operations where the project is carried out with a non-adversarial culture and results in a win-win situation for all parties.
 

All resources, durations, performance incentives and targets are agreed and set, up front. KT is reimbursed at cost or invoiced rates. All quantities are logged and certified on site. A fixed, low margin is applied to all costs. This margin is at risk and can decrease or increase against measured pre agreed Key Performance Indicators typically including; budget, schedule, safety, environment and quality.

To maximise benefits further, early association with projects has enabled us to assist with route selection and to incorporate constructability into the design, delivering additional cost savings to the project.

To assist with the management of costs in these types of contracts we have developed software for detailed tracking of personnel, plant and materials. This database program is invaluable to our clients as it gives a totally transparent and accurate view of costs on a day to day, or dollar by dollar basis throughout the project.