| contributor author | Kim, Yong-Woo | |
| contributor author | Rhee, Byong-Duk | |
| date accessioned | 2026-08-20T10:40:29Z | |
| date available | 2026-08-20T10:40:29Z | |
| date copyright | 2026/01/30 | |
| date issued | 2026 | |
| identifier other | JCEMD4.COENG-17037.pdf | |
| identifier uri | http://yetl.yabesh.ir/yetl1/handle/yetl/4311105 | |
| description abstract | AbstractThe paper investigates the conventional guaranteed maximum price (GMP) contract’s
ability to align the contractor’s behavior with the project owner’s objectives. Our
findings reveal that the default form of the GMP contract fails to sufficiently ...Practical ApplicationsIn this paper, an incentive scheme is developed within the guaranteed maximum price
framework. This scheme is designed to align the contractor’s profit-maximizing behavior
with the owner’s goals, motivating the contractor to use ... | |
| publisher | American Society of Civil Engineers | |
| title | An Incentive Scheme in GMP Contracts Using a Game Theory Approach | |
| type | Journal Article | |
| journal volume | 152 | |
| journal issue | 4 | |
| journal title | Journal of Construction Engineering and Management | |
| identifier doi | 10.1061/JCEMD4.COENG-17037 | |
| journal fristpage | 04026016-1 | |
| journal lastpage | 04026016-11 | |
| page | 11 | |
| tree | Journal of Construction Engineering and Management:;2026:;Volume ( 152 ):;issue: 004 | |
| contenttype | Fulltext | |