Abstract: Transaction costs of subcontracting are considered hidden costs due to unobservability and immeasurability, which potentially jeopardize project performance. This study develops a framework of transaction costs in construction ...

Abstract: Construction project deliveries are confronted with various unprecedented challenges and disruptions in today’s dynamic business environment, including external disturbances and internal discontinuity, but previous studies ...

Abstract: Contracts are the main governance mechanism regulating construction participants’ behaviors and safeguarding project performance. Besides traditional subjective measurement via survey, machine learning has been utilized ...

Abstract: Contract violations have become common problems in construction projects, yet little of the construction contract literature addresses the question of responses to contract violations (i.e., contract enforcement). ...

Abstract: Contracts can serve three functions—Control, Coordination, and Adaptation—to mitigate different risks. This multifunctional perspective based on the development of contract theory has been introduced in construction ...