An optimal target cost contract with a risk neutral owner
Engineering, Construction and Architectural Management, August 01, 2014
AbstractPurpose - Target cost contracts are commonly used to share the monetary outcome of work or a project. However, discussion is ongoing, as to what constitutes optimal sharing. This paper examines optimal sharing and derives a result for defined risk assumptions on the owner (risk neutral) and ...
Information feedback and bidders' competitiveness in construction bidding
Engineering, Construction and Architectural Management, August 01, 2014
AbstractPurpose - Contractors rely on effective pricing methods in order to translate potential business into reality for long-term survival of their firms. This involves effective utilization of bidding feedback information towards winning jobs with high profit potential. This research aims to expe...
The government as marketer of innovation
Engineering, Construction and Architectural Management, August 01, 2014
AbstractPurpose - The Government's role in industrial innovation has always been conventionally viewed as a regulator rather than a marketer of industrial progress. By breaking out of the box, this study positioned the Government as a marketer of innovation and construction enterprises as "consumers...
Exploring AEC education through collaborative learning
Engineering, Construction and Architectural Management, August 01, 2014
AbstractPurpose - There is concern that traditional teaching methods (including lectures and tutorials) do not prepare graduates with the generic employability skills required by the construction industry. This has motivated AEC academics to consider the use of student-centered approaches like colla...
An empirical study of the complexity of requirements management in construction projects
Engineering, Construction and Architectural Management, August 01, 2014
AbstractPurpose - The aim of this paper was to investigate in-depth the current approach of managing client requirements in construction and to highlight the significant factors, which contribute to the complexity of managing the requirements in order to define a better approach.Design/methodology/a...
Impact of values on the learning approaches of Chinese construction students in Hong Kong
Engineering, Construction and Architectural Management, August 01, 2014
AbstractPurpose - This paper aims to explore the influence of personal values on students'' learning behaviours. Hong Kong construction students are often criticized, by both practitioners and educators, as rote learners. To improve students' learning processes, extensive research on a variety of as...
Using a case study approach to identify critical success factors for alliance contracting
Engineering, Construction and Architectural Management, August 01, 2014
AbstractPurpose - There has been a significant increase in the use of relationship contracting in the global construction industry, with strategies such as Partnering, Alliancing and Public-Private Partnerships (PPPs) all used. These approaches were introduced to the Australian construction industry...
Editorial
Engineering, Construction and Architectural Management, July 18, 2014
Transaction costs incurred by construction owners
Engineering, Construction and Architectural Management, July 17, 2014
AbstractPurpose - Transaction costs arise from economic exchange rather than production activities. However, the term "transaction cost" is not consistently defined in the construction industry because the concept of transaction cost is not universally accepted by all stakeholders in construction pr...
Critical failure factors of public-private partnership low-cost housing program in Thailand
Engineering, Construction and Architectural Management, July 17, 2014
AbstractPurpose - Numerous studies to date have demonstrated the public-private partnership (PPP) project procurement method''s failure to deliver low-cost housing (LCH) to low-income groups (LIGs) in developing countries. The purpose of this paper is to investigate critical failure factors (CFFs), ...
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