Guide to measured term contracts - value for money in property maintenance and improvements

Publication Year

2001

Document Status

Current

Abstract

The overall volume of maintenance work required by the property portfolio of many organisations far outweighs their expenditure on new work. As a consequence, the management of maintenance contracts is a much neglected area of cost control. The MTC has been the cornerstone of the maintenance operation since its widespread introduction by the newly formed Ministry of Public Building and Works in the 1960's when it took over responsibility for maintenance of the whole of the Defence Estate as well as the Civil Estate. Since then it has most definitely stood the 'test of time'. The use of Measured Term Contracts has increased rapidly in recent years as government initiatives have led local authorities and others to introduce competitive tendering for maintenance work. The nature of Measured Term Contracts are examined, where they can be used, the documentation required, how they are operated and their advantages and disadvantages.

ISBN

9780117025547

Publisher Information