Decision Support in Analysis of Construction Contracts

Abstract

Preparation of an agreement has a great influence on economic success of both parties and on their behaviour in order to increase their profits and to protect themselves against possible loss. It is important to use technological innovations in construction contracting. Even when the construction contractor is selected and the price and work terms are negotiated, it’s possible to choose at least several variants of agreements. The aim of this article is to develop a hierarchical model of criteria of a construction contraction agreement based on their functions. Construction contraction agreements can be concluded, evaluated and compared on the basis of this model. This model forms the basis of decision support system for analysis of construction contracts. Decision support system created on the basis of presented model can be very useful and helpful in construction contraction agreement and can be widely implemented in different construction sectors.