A PROJECT MANAGEMENT APPROACH TO A HIGHWAY CONSTRUCTION IN MONTENEGRO
A PROJECT MANAGEMENT APPROACH TO A HIGHWAY CONSTRUCTION IN MONTENEGRO

Summary/Abstract: The management of design and build contract for Bar-Boljare highway construction section Smokovac-Uvač-Mateševo is based on FIDIC conditions of the Contracting and introduces new standards in the system of managing and implementation of large infrastructure projects. So far, the realization of most infrastructure projects in Montenegro has been based on the FIDIC Red book. For this project the FIDIC Yellow Book has used, and adapted to the needs of the highway project in Montenegro for the Design and Build Contract. The construction of the highway would improve the investment environment in Montenegro, improved connections between the southern and northern parts of the country, which would lead to greater stimulation of economic development, and thus intensification of the work of other infrastructure projects and realization of large scale projects in tourism and energy. The aim of this paper provide details of this Contract and to present the main adjustments to the FIDIC Yellow Book in terms of contractual and financial aspects, with focus on advance, taxes, subcontractors, interim payment schedule.

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