Abstract: Incentive clauses within contracts, referred to as incentive contracts in this paper, based on a sharing of the project outcome are regarded as an important vehicle to align contractor interests with that of the owner. ...

Abstract: Predicting truck production in construction projects is one of the basic tasks within project planning and control. This paper presents an original and novel intelligent stochastic agent-based model to maximize truck ...

Abstract: Choosing between different compensation strategies is one of the major concerns of owners in construction contracts. This paper is aimed at examining the choice between behavior-based and outcome-based payment types through ...

Abstract: Earthmoving operations employ heavy-duty vehicles, including trucks and scrapers, to transport soil and rock on and off construction sites. Such construction activities are commonly scheduled and paid for based on the ...

Abstract: The clean development mechanism (CDM), part of the Kyoto Protocol to combat rising carbon emissions, allows projects to proceed in developing countries in return for providing carbon credits to developed countries. The ...

Abstract: Incentive contracts are widely used in construction to not only provide motivation but also to develop a cooperative relationship among project players. However, establishing the best outcome sharing is seen as a challenge ...

Abstract: Recent publications have shown the role that options play in addressing the uncertainty, risk, and fairness in public–private partnership (PPP or P3) agreements in toll road projects. Typically, the literature uses financial ...