|
|
Showing 1 - 2 of
2 matches in All Departments
The problems inherent in the traditional design-bid-build
procurement method often lead to the adversarial working
relationships within the construction industry. Target cost
contracts, accompanied by a gain-share/pain-share arrangement
serving as a cost incentive mechanism, have emerged in the United
States, the United Kingdom, Australia and Hong Kong with the aim of
achieving better value for money and more satisfactory overall
project performance under a collaborative working relationship.
This book presents the underlying principles, practicalities and a
series of short case studies of applying the target cost
contracting strategy. Principles begin with the fundamentals then
cover the development of target cost contracting in major
countries/cities, definitions of target cost contracting, perceived
benefits, potential difficulties and critical success factors for
implementation. Practices include the target cost contracting
approach and process in general, the key risk factors, risk
assessment model, risk allocation and risk mitigation measures for
target cost contracts in particular, together with a conceptual
framework for the performance measurement of target cost contracts.
Several short real-life case studies from the United Kingdom, Hong
Kong, Australia and New Zealand are provided for further
illustration. The book will appeal to a wide spectrum of readers
from industrial practitioners to undergraduate students,
researchers and academics interested in construction contracts and
procurement methods.
The problems inherent in the traditional design-bid-build
procurement method often lead to the adversarial working
relationships within the construction industry. Target cost
contracts, accompanied by a gain-share/pain-share arrangement
serving as a cost incentive mechanism, have emerged in the United
States, the United Kingdom, Australia and Hong Kong with the aim of
achieving better value for money and more satisfactory overall
project performance under a collaborative working relationship.
This book presents the underlying principles, practicalities and a
series of short case studies of applying the target cost
contracting strategy. Principles begin with the fundamentals then
cover the development of target cost contracting in major
countries/cities, definitions of target cost contracting, perceived
benefits, potential difficulties and critical success factors for
implementation. Practices include the target cost contracting
approach and process in general, the key risk factors, risk
assessment model, risk allocation and risk mitigation measures for
target cost contracts in particular, together with a conceptual
framework for the performance measurement of target cost contracts.
Several short real-life case studies from the United Kingdom, Hong
Kong, Australia and New Zealand are provided for further
illustration. The book will appeal to a wide spectrum of readers
from industrial practitioners to undergraduate students,
researchers and academics interested in construction contracts and
procurement methods.
|
You may like...
Loot
Nadine Gordimer
Paperback
(2)
R367
R340
Discovery Miles 3 400
Sing 2
Blu-ray disc
R324
Discovery Miles 3 240
|