challenges and gains/advantages that an international contractor either intending to enter the...

CONTRACTING IN ROMANIA NOWADAYS RISKS, ADVANTAGES, CONSTRAINTS, CONTRACT MANAGEMENT, CONSTRUCTION LAW AND

GUIDANCE BEST PRACTICE

Challenges and gains/advantages that an international

contractor either intending to enter the Romanian

construction market for the first time or if it has been

working in Romania for a while, would face andpossibly obtain in doing business in Romania.

Presented by Giovanni Di Folco

President

Techno Engineering & Associates

Workshop ASEMER – 29 November 2016

Integrated Contract Management www.technoeng.com

http://www.technoeng.com/

CHALLENGES






Languages barriers

Market is rather overcrowded

Very competitive prices

Lack of domestic subcontractors

Not many design firms

Industry is quite regulated

Confused political status quo


ADVANTAGES






Under FIDIC Conditions of Contract

Quite skilled and reasonably priced labor force

Large pool of experienced graduate professionals with good

command of English and other languages

Rather fast judicial system and laws mostly following EU

directives

Use of Dispute Boards and International Arbitration

Reasonable GDP

It can only get better


Thank you for your time!




challenges and gains/advantages that an international contractor either intending to enter the...

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