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Article: Contracting relationship trends and transitions

TitleContracting relationship trends and transitions
Authors
KeywordsChange management
Construction
Contracts
Delivery
Partnerships
Risk management
Selection
Teamwork
Issue Date2004
PublisherAmerican Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/me.html
Citation
Journal Of Management In Engineering, 2004, v. 20 n. 4, p. 147-161 How to Cite?
AbstractConstruction industry reports worldwide have called for radical cultural changes to reduce adversarial conflicts and increase productivity levels. These reports have recommended reintegration of fragmented function and teams through different teamworking approaches such as partnering and alliancing. The theoretical basis for such approaches can be tracked back to relational contracting (RC) principles. Recent teamworking initiatives have met with some success, based on structured cooperation between owners and contractors. However, the full benefits of these cooperative approaches may only materialize if (1) all potential team members/project partners are selected on the basis of relevant rationalized evaluation criteria; (2) all stakeholders work closely together as a coalesced team with common objectives, and (3) these arrangements are underpinned by government-sponsored, proper change initiatives. These approaches and arguments are analyzed in this paper, aiming at developing the required project culture through the application of RC principles for the joint management of risks during the entire project life cycle. Relevant observations from two recent Hong Kong-based industry surveys indicate a high motivation toward such approaches. Finally, examples of some potentially beneficial change initiatives are used to illustrate the potential synergies that are achievable. © ASCE.
Persistent Identifierhttp://hdl.handle.net/10722/70531
ISSN
2015 Impact Factor: 1.84
2015 SCImago Journal Rankings: 1.060
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorRahman, MMen_HK
dc.contributor.authorKumaraswamy, MMen_HK
dc.date.accessioned2010-09-06T06:23:48Z-
dc.date.available2010-09-06T06:23:48Z-
dc.date.issued2004en_HK
dc.identifier.citationJournal Of Management In Engineering, 2004, v. 20 n. 4, p. 147-161en_HK
dc.identifier.issn0742-597Xen_HK
dc.identifier.urihttp://hdl.handle.net/10722/70531-
dc.description.abstractConstruction industry reports worldwide have called for radical cultural changes to reduce adversarial conflicts and increase productivity levels. These reports have recommended reintegration of fragmented function and teams through different teamworking approaches such as partnering and alliancing. The theoretical basis for such approaches can be tracked back to relational contracting (RC) principles. Recent teamworking initiatives have met with some success, based on structured cooperation between owners and contractors. However, the full benefits of these cooperative approaches may only materialize if (1) all potential team members/project partners are selected on the basis of relevant rationalized evaluation criteria; (2) all stakeholders work closely together as a coalesced team with common objectives, and (3) these arrangements are underpinned by government-sponsored, proper change initiatives. These approaches and arguments are analyzed in this paper, aiming at developing the required project culture through the application of RC principles for the joint management of risks during the entire project life cycle. Relevant observations from two recent Hong Kong-based industry surveys indicate a high motivation toward such approaches. Finally, examples of some potentially beneficial change initiatives are used to illustrate the potential synergies that are achievable. © ASCE.en_HK
dc.languageengen_HK
dc.publisherAmerican Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/me.htmlen_HK
dc.relation.ispartofJournal of Management in Engineeringen_HK
dc.rightsJournal of Management in Engineering. Copyright © American Society of Civil Engineers.en_HK
dc.subjectChange managementen_HK
dc.subjectConstructionen_HK
dc.subjectContractsen_HK
dc.subjectDeliveryen_HK
dc.subjectPartnershipsen_HK
dc.subjectRisk managementen_HK
dc.subjectSelectionen_HK
dc.subjectTeamworken_HK
dc.titleContracting relationship trends and transitionsen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0742-597X&volume=20&issue=4&spage=147&epage=161&date=2004&atitle=Contracting+relationship+trends+and+transitionsen_HK
dc.identifier.emailKumaraswamy, MM:mohan@hkucc.hku.hken_HK
dc.identifier.authorityKumaraswamy, MM=rp00126en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1061/(ASCE)0742-597X(2004)20:4(147)en_HK
dc.identifier.scopuseid_2-s2.0-14744292492en_HK
dc.identifier.hkuros105720en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-14744292492&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume20en_HK
dc.identifier.issue4en_HK
dc.identifier.spage147en_HK
dc.identifier.epage161en_HK
dc.identifier.isiWOS:000228245500004-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridRahman, MM=35570458800en_HK
dc.identifier.scopusauthoridKumaraswamy, MM=35566270600en_HK

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