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Study of Real Options with Exogenous Competitive Entry to Analyze Dispute Resolution Ladder Investments in Architecture, Engineering, and Construction Projects
Publisher: American Society of Civil Engineers
Abstract: Architecture, engineering, and construction industry participants often find it pragmatic to implement a project-specific dispute resolution ladder (DRL) as a managerial tool to assist in the prompt resolution of claims ...
Option Pricing Model to Analyze Cost–Benefit Trade-Offs of ADR Investments in AEC Projects
Publisher: American Society of Civil Engineers
Abstract: Alternative dispute resolution (ADR) techniques are adopted by architecture, engineering, and construction project participants to help achieve reasonable settlement of claims and change orders (CCOs) that arise during a ...