Smart contracts Archives - Construction Today https://construction-today.com/news/tag/smart-contracts/ Mon, 14 Nov 2022 09:29:47 +0000 en-GB hourly 1 https://wordpress.org/?v=6.6.1 https://construction-today.com/wp-content/uploads/sites/5/2022/10/ct-150x150.png Smart contracts Archives - Construction Today https://construction-today.com/news/tag/smart-contracts/ 32 32 Tactical to strategic https://construction-today.com/news/tactical-to-strategic/ Tue, 27 Apr 2021 09:37:31 +0000 https://construction-today.com/?p=754 Prevalent AEC (architecture, engineering, construction) and EPC (engineering, procurement, construction) contracting models, from the prime contract through all the flow

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Prevalent AEC (architecture, engineering, construction) and EPC (engineering, procurement, construction) contracting models, from the prime contract through all the flow downs across the supply chain, are notoriously wasteful. With informational and transactional friction between the counterparties of each contract, massive administrative redundancies and distrust has hardened the relationships…

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