engleski

Specificities of Croatian Construction Contract Management Practice in Progress Billings and Payments Sub-process

International contract management practice has a great influence on domestic, Croatian construction contract management practice (CCCMP). The influence manifests in terms of globalization and integration processes, implementation of new financing models, ascending market demands, as well as the increase of projects' complexity. Shortage of national assets and constant need for government's borrowing from international financial institutions, resulted with presence of international contract management and legal systems in the Republic of Croatia, which are inconsistent with domestic ones. Such influences urge for remodeling and reshaping of the national contract practice. For instance, public projects financed by international finance funds, due to lack of quality and eligible domestic contract practice, often result in direct application of FIDIC forms of contract. This paper will show the reasons for stagnation and non-development of national autonomous regulations. Main idea is to present construction contract management as a form of complex organizational process composed of several generic sub-processes, with the emphasis on progress billings and payments sub-process, and its specificities in CCCMP.

Billings and payments; construction contract management; contract practice; Croatia; FIDIC

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