Owner‐Furnished Equipment (OFE) Contract Practices
Publication: Journal of Construction Engineering and Management
Volume 113, Issue 2
Abstract
Owner‐furnished Equipment (OFE) procurement is a contract administration technique utilized on many construction projects to save costs and time. Presently, little is known factually about the specific tactics that contribute to a successful OFE procurement, or what the magnitude of those benefits may be. This article presents the results of a comprehensive research study of OFE practices, problems, and benefits. Fifty‐five OFE construction projects are analyzed, allowing a series of conclusions and recommendations to be developed. The major points examined include: characteristics of typical OFE projects and products; the quantified extent of project benefits and costs realized; the likelihood and consequences of related contract disputes; effective contract monitoring strategies; and whether owners or third‐party contract administrators should manage the supply contract.
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References
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Ibbs, C. W., Jr. (1985a). “Product specification practices and problems.” J. Constr. Engrg. Mgmt., ASCE, 111(2), Jun., 1985.
2.
Ibbs, C. W., Jr. (1985b). “Proper specifying with the ‘Or equal’ clause.” Proc., Symp. Avoiding Contract Disputes, ASCE, Oct., 1985, 34–53.
3.
Ibbs, C. W., Jr. (1986). “‘Brand name or equal’ product specifications.” J. Constr. Engrg. Mgmt., ASCE, 112(1), Mar., 1986, 1–13.
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Nie, N. H., et al. (1975). SPSS, Statistical Package for the Social Sciences, 2nd ed., McGraw‐Hill, New York, N.Y.
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Simon, M. S. (1979). Construction Contracts and Claims. McGraw‐Hill, New York, N.Y.
Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 113 • Issue 2 • June 1987
Pages: 249 - 263
Copyright
Copyright © 1987 ASCE.
History
Published online: Jun 1, 1987
Published in print: Jun 1987
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