Project alliance contract in The Netherlands

A new form of contractual agreement and way of working adapted from other industries, the 'project alliance', was researched, developed and is undergoing demonstration to reduce the length of construction time and construction costs. This is achieved through contractor involvement at an early stage of the design process, project participants paid on a net cost basis with participants jointly sharing in the financial success or failure of the project at completion, and the creation of a contractual partnership between all parties.