A Guide to Measured Term Contracts:
Obtaining Value-for-Money in Building Maintenance and Repairs
- Carillion Services
- TSO (The Stationery Office)
The Measured Term Contract is an arrangement whereby a contractor undertakes to carry out a series of works orders, over a period of years, within a defined geographical area and where the work is subsequently measured and valued at rates contained in a pre-priced Schedule of Rates.
It is not widely appreciated that 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
This publication will take a timely look, in clear and accessible language, at the nature of Measured Term Contracts, where they can be used, the documentation required, how they are operated and their advantages and disadvantages.
|Format||N/A||Published||31 Oct 2001|
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