In modern industry, the companies that invest huge amounts of capital in new and upgraded facilities rarely do the engineering and building themselves. Instead, they contract with engineering and construction firms to perform that work. While some of these contracting engagements go smoothly, many others become mired in cost overruns, contract breaches, and timeline extensions. In Contract Strategies for Major Projects: Mastering the Most Difficult Element of Project Management, renowned mega-project evaluator Edward Merrow delivers an expert discussion of what sets successful contracting arrangements apart from the many that fail. In the book, Merrow explains the key principles of contracting success he's gleaned from advising on many of the world's largest construction and engineering projects. Contract Strategies for Major Projects explains with actual project data how and why to avoid mixing contract types with different contractors on the same project, how large projects like chemical plants, pharmaceuticals, minerals, oil facilities, and renewables projects and renewable energy projects actually get built in the real world, and the principles that apply to all of them across various locales, markets, and project types. An indispensable contracting handbook for executives, project managers, and other business leaders involved in construction and engineering projects, Contract Strategies for Major Projects will also prove to be an invaluable resource for corporate counsels, project managers, team leaders, and department heads at contracting firms.