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Principal-Agent Model of Risk Allocation in Construction Contracts and Its Critique
Publisher: American Society of Civil Engineers
Abstract: Incentives are widely used in construction procurement to motivate the contractor to make cost-reduction efforts. How to choose the right incentive intensity is a critical decision in construction procurement. In this ...
Transitional Public–Private Partnership Model in China: Contracting with Little Recourse to Contracts
Publisher: American Society of Civil Engineers
An Econometric Analysis of Holdup Problems in Construction Projects
Publisher: American Society of Civil Engineers
Abstract: The holdup problem plays a central role in explaining governance choices in general and project delivery system selection in particular. This problem arises because of the asymmetrical distribution of quasi-rents between ...
Discussion of “Model for Understanding, Preventing, and Resolving Project Disputes” by Panagiotis Mitropoulos and Gregory Howell
Publisher: American Society of Civil Engineers
Impact of Building Information Modeling Implementation on the Acceptance of Integrated Delivery Systems: Structural Equation Modeling Analysis
Publisher: American Society of Civil Engineers
Abstract: In recent years, building information modeling (BIM) has been increasingly employed by the architecture, engineering and construction industry worldwide as a result of digital government initiatives. In spite of some ...
Transaction-Cost Approach to the Comparative Analysis of User-Pay and Government-Pay Public-Private Partnership Systems
Publisher: American Society of Civil Engineers
Abstract: Government-pay and user-pay public-private partnership (P3) systems have been employed as the main conduits for channelling private capital to finance the provision of public services throughout the world. In efficiency ...
New Approach to Estimating the Standard Deviations of Lognormal Cost Variables in the Monte Carlo Analysis of Construction Risks
Publisher: American Society of Civil Engineers