Recently, the Ministry of Finance and the Economy of Korea launched two new project delivery system that is Best Value Contract(Design-Bid-Build) and Bridging Contract(Design-Build), by revising enforcement ordinances of Act on Contracts to which the ...
Recently, the Ministry of Finance and the Economy of Korea launched two new project delivery system that is Best Value Contract(Design-Bid-Build) and Bridging Contract(Design-Build), by revising enforcement ordinances of Act on Contracts to which the State is a Party to provoke the tendering system. In order to solve the problem such as stated above, advanced constructions in United Kingdom, Japan and United States have introduced warranty contract which is warranted to quality and performance for need of owner in determined term to ensure the quality of construction since 1960s. The purpose of this study is to suggest directions of the Performance Warranty Contracting in order to solve the problem such as stated above.