Managing cooling water contracts and alliances

With the trend in industry to a smaller, more broadly skilled workforce, mu ch of the work previously carried out by employees of corporations is now p erformed by contractors. This trend has led to innovative agreements and ar rangements between contractors and corporations that range from partnership s to traditional contracts. The success of these relationships depends on t he philosophy and content of the agreements, the role management plays in e stablishing them, and the ongoing stewardship involved. This article addres ses the key features of one such alliance and describes the stewardship pro cess that has made this relationship a success.