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There is little published material available in the UK on the incentivisation of contracts. This factor coincided with CIRIA's response to the increasing concern within the construction industry of the pressure on pricing using traditional tendering processes, with the consequent impact on the time and quality aspects of projects. The rise of the claims culture had led to conflict between clients and contractors, with winners and losers emerging. A study on the incentivization of contracts was not intended to seek a panacea but rather to provide an alternative procurement route when more traditional methods were likely to create potential conflicts - with subsequent detrimental effects on the overall success of the project.
Book Synopsis Construction Contract Incentivisation Schemes - Lessons from Experience by : D. Richmond-Coggan
Download or read book Construction Contract Incentivisation Schemes - Lessons from Experience written by D. Richmond-Coggan and published by . This book was released on 2001-04 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is little published material available in the UK on the incentivisation of contracts. This factor coincided with CIRIA's response to the increasing concern within the construction industry of the pressure on pricing using traditional tendering processes, with the consequent impact on the time and quality aspects of projects. The rise of the claims culture had led to conflict between clients and contractors, with winners and losers emerging. A study on the incentivization of contracts was not intended to seek a panacea but rather to provide an alternative procurement route when more traditional methods were likely to create potential conflicts - with subsequent detrimental effects on the overall success of the project.
As an expansion of the book “Construction Dispute Research” published in 2014, this book presents further contributions and breaks into three new research foci in construction dispute studies. Part A discusses the conceptualization and minimization of biases in construction dispute decisions; Part B examines other impediments against settlement such as inequity, power asymmetry and loss aversion. Part C focuses on realty check of construction dispute negotiation conditions such as market competition, interdependence of contracting parties and dispute avoidance function of construction incentivization. This book showcases new ideas in construction dispute research. It offers research studies that are theory rich and conducted with robust methodologies. The research implications are practical and implementable.
Book Synopsis Construction Dispute Research Expanded by : Sai On Cheung
Download or read book Construction Dispute Research Expanded written by Sai On Cheung and published by Springer Nature. This book was released on 2021-08-30 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: As an expansion of the book “Construction Dispute Research” published in 2014, this book presents further contributions and breaks into three new research foci in construction dispute studies. Part A discusses the conceptualization and minimization of biases in construction dispute decisions; Part B examines other impediments against settlement such as inequity, power asymmetry and loss aversion. Part C focuses on realty check of construction dispute negotiation conditions such as market competition, interdependence of contracting parties and dispute avoidance function of construction incentivization. This book showcases new ideas in construction dispute research. It offers research studies that are theory rich and conducted with robust methodologies. The research implications are practical and implementable.
This book proposes ways to make construction project incentive schemes effective. In this book, construction incentivization is used as a collective term that includes all forms of incentive arrangements aiming to engender extra effort of the contracting parties for the improvement of project performance. This book addresses two questions: i) why so many construction incentive schemes are not delivering the desired outcome? and ii) what will make incentive works under different circumstances? This book contributes to the body of knowledge in construction incentivization by offering conceptualization, showcases and practice suggestions including guidelines for the planning of construction incentive schemes.
Book Synopsis Construction Incentivization by : Sai On Cheung
Download or read book Construction Incentivization written by Sai On Cheung and published by Springer Nature. This book was released on 2023-05-23 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book proposes ways to make construction project incentive schemes effective. In this book, construction incentivization is used as a collective term that includes all forms of incentive arrangements aiming to engender extra effort of the contracting parties for the improvement of project performance. This book addresses two questions: i) why so many construction incentive schemes are not delivering the desired outcome? and ii) what will make incentive works under different circumstances? This book contributes to the body of knowledge in construction incentivization by offering conceptualization, showcases and practice suggestions including guidelines for the planning of construction incentive schemes.
This book is aimed at those who want to apply or improve the application of partnering in the construction and heavy engineering industries to their projects. It focuses on procurement aspects based on the premise that unless the commercial and contractual conditions align objectives, there is little stimulus to change the culture and integrate processes and teams to achieve the outstanding results that can be attained through partnering.This invaluable book presents detailed information about the partnering and procurement process, which will lead to better delivery of construction projects.
Book Synopsis Procurement Routes for Partnering by : Jon Broome
Download or read book Procurement Routes for Partnering written by Jon Broome and published by Thomas Telford. This book was released on 2002 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is aimed at those who want to apply or improve the application of partnering in the construction and heavy engineering industries to their projects. It focuses on procurement aspects based on the premise that unless the commercial and contractual conditions align objectives, there is little stimulus to change the culture and integrate processes and teams to achieve the outstanding results that can be attained through partnering.This invaluable book presents detailed information about the partnering and procurement process, which will lead to better delivery of construction projects.
This book presents articles from The 16th East Asian-Pacific Conference on Structural Engineering and Construction, 2019, held in Brisbane, Australia. It provides a forum for professional engineers, academics, researchers and contractors to present recent research and developments in structural engineering and construction.
Book Synopsis EASEC16 by : Chien Ming Wang
Download or read book EASEC16 written by Chien Ming Wang and published by Springer Nature. This book was released on 2020-12-22 with total page 2093 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents articles from The 16th East Asian-Pacific Conference on Structural Engineering and Construction, 2019, held in Brisbane, Australia. It provides a forum for professional engineers, academics, researchers and contractors to present recent research and developments in structural engineering and construction.
In this updated and expanded second edition, Keith Potts and Nii Ankrah examine key issues in construction cost management across the building and civil engineering sectors, both in the UK and overseas. Best practice from pre-contract to post-contract phases of the project life-cycle are illustrated using major projects such as Heathrow Terminal 5, Crossrail and the London 2012 Olympics as case studies. More worked examples, legal cases, case studies and current research have been introduced to cover every aspect of the cost manager’s role. Whole-life costing, value management, and risk management are also addressed, and self-test questions at the end of each chapter support independent learning. This comprehensive book is essential reading for students on surveying and construction management programmes, as well as built environment practitioners with cost or project management responsibilities.
Book Synopsis Construction Cost Management by : Keith Potts
Download or read book Construction Cost Management written by Keith Potts and published by Routledge. This book was released on 2014-01-23 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this updated and expanded second edition, Keith Potts and Nii Ankrah examine key issues in construction cost management across the building and civil engineering sectors, both in the UK and overseas. Best practice from pre-contract to post-contract phases of the project life-cycle are illustrated using major projects such as Heathrow Terminal 5, Crossrail and the London 2012 Olympics as case studies. More worked examples, legal cases, case studies and current research have been introduced to cover every aspect of the cost manager’s role. Whole-life costing, value management, and risk management are also addressed, and self-test questions at the end of each chapter support independent learning. This comprehensive book is essential reading for students on surveying and construction management programmes, as well as built environment practitioners with cost or project management responsibilities.
This report will be of interest to state and local highway agency construction managers and contractors with regard to learning about best practices of time-related incentive and disincentive contract provisions and their effect on staffing levels, productivity, project cost, quality, contract administration, and the contractor's operations and innovations. The report also presents a decision process guide to use as a template for crafting the incentive/disincentive provisions.
Book Synopsis Time-related Incentive and Disincentive Provisions in Highway Construction Contracts by : Gary J. Fick
Download or read book Time-related Incentive and Disincentive Provisions in Highway Construction Contracts written by Gary J. Fick and published by Transportation Research Board. This book was released on 2010 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report will be of interest to state and local highway agency construction managers and contractors with regard to learning about best practices of time-related incentive and disincentive contract provisions and their effect on staffing levels, productivity, project cost, quality, contract administration, and the contractor's operations and innovations. The report also presents a decision process guide to use as a template for crafting the incentive/disincentive provisions.
Social Network Analysis in Construction Increasingly demanding and knowledgeable clients in construction require an approach to project management that recognises both the important role played by the client in the definition of a project and the lack of certainty that large and/or complex projects present. Having identified the importance of managing relationships, both analysts and practitioners today need a sophisticated framework and methodology for observing systems and managing the complex relationships in major construction project coalitions. Social Network Analysis in Construction shows how social network analysis (SNA) can be used to observe, monitor and analyse systems and relationships. Although this has been an established analytical technique in the US for some time, it is only now being developed in the UK. Stephen Pryke spent nearly two decades investigating major project relationships using SNA and brings together here mathematical and sociological methods, and major project relationships in a manner that will inspire both academic interest and a desire to apply these concepts and techniques to live construction projects. Case studies include projects from two of the UK’s largest property developers – the UK Ministry of Defence, and a County Council. SNA is innovative – but potentially inaccessible to project management analysts and practitioners. The author provides clear and relevant explanation and illustration of the possibilities of using SNA in a major project environment. In addition to offering the potential for sophisticated retrospective analysis of a wide range of systems associated with construction and engineering project coalitions, he also looks at how we might apply the network analysis findings to the design and management of project and supply chain networks. Postgraduate students and academic researchers in Project Management and Construction Management, as well as practitioners from professional consultancies and project management companies will find here an excellent exposition of an often inaccessible subject.
Book Synopsis Social Network Analysis in Construction by : Stephen Pryke
Download or read book Social Network Analysis in Construction written by Stephen Pryke and published by John Wiley & Sons. This book was released on 2012-05-07 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social Network Analysis in Construction Increasingly demanding and knowledgeable clients in construction require an approach to project management that recognises both the important role played by the client in the definition of a project and the lack of certainty that large and/or complex projects present. Having identified the importance of managing relationships, both analysts and practitioners today need a sophisticated framework and methodology for observing systems and managing the complex relationships in major construction project coalitions. Social Network Analysis in Construction shows how social network analysis (SNA) can be used to observe, monitor and analyse systems and relationships. Although this has been an established analytical technique in the US for some time, it is only now being developed in the UK. Stephen Pryke spent nearly two decades investigating major project relationships using SNA and brings together here mathematical and sociological methods, and major project relationships in a manner that will inspire both academic interest and a desire to apply these concepts and techniques to live construction projects. Case studies include projects from two of the UK’s largest property developers – the UK Ministry of Defence, and a County Council. SNA is innovative – but potentially inaccessible to project management analysts and practitioners. The author provides clear and relevant explanation and illustration of the possibilities of using SNA in a major project environment. In addition to offering the potential for sophisticated retrospective analysis of a wide range of systems associated with construction and engineering project coalitions, he also looks at how we might apply the network analysis findings to the design and management of project and supply chain networks. Postgraduate students and academic researchers in Project Management and Construction Management, as well as practitioners from professional consultancies and project management companies will find here an excellent exposition of an often inaccessible subject.
Book Synopsis Unique Features of Construction Contract Incentive Plans by : C. William Ibbs
Download or read book Unique Features of Construction Contract Incentive Plans written by C. William Ibbs and published by . This book was released on 1988 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Value management incentive programmes and clauses are a powerful mechanism for allowing continuity of contractors' input throughout a project delivery. The fact that incentive programmes have been overlooked in the reports and publications portraying alliancing and partnering as the way forward, means that this effective tool has been largely lost to the UK construction industry. The book considers value incentive programmes in depth, highlighting their application and benefits to client and contractor. It provides an insight into contractor-led value engineering and its effective use in different procurement forms.
Book Synopsis Value Management Incentive Programme by : Nigel A. Standing
Download or read book Value Management Incentive Programme written by Nigel A. Standing and published by Thomas Telford. This book was released on 2001 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value management incentive programmes and clauses are a powerful mechanism for allowing continuity of contractors' input throughout a project delivery. The fact that incentive programmes have been overlooked in the reports and publications portraying alliancing and partnering as the way forward, means that this effective tool has been largely lost to the UK construction industry. The book considers value incentive programmes in depth, highlighting their application and benefits to client and contractor. It provides an insight into contractor-led value engineering and its effective use in different procurement forms.
