Managing Contracts in Virtual Project Supply Chains

The paper studies the management of contracts in virtual project supply chains. The problems and challenges occurring as well as the business practices and typical project structures in a networked environment are discussed. The concentration is on large, complex, one-of-a-kind projects and the case companies are from the field of power plants. The paper also introduces means to support the contract management of virtual project organizations by using the strategic information system called Simo-3.