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Construction Incentivization

Construction Incentivization
Author: Sai On Cheung
Publisher: Springer Nature
Total Pages: 297
Release: 2023-05-23
Genre: Technology & Engineering
ISBN: 3031289595

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This book proposes ways to make construction project incentive schemes effective. In this book, construction incentivization is used as a collective term that includes all forms of incentive arrangements aiming to engender extra effort of the contracting parties for the improvement of project performance. This book addresses two questions: i) why so many construction incentive schemes are not delivering the desired outcome? and ii) what will make incentive works under different circumstances? This book contributes to the body of knowledge in construction incentivization by offering conceptualization, showcases and practice suggestions including guidelines for the planning of construction incentive schemes.


Time-related Incentive and Disincentive Provisions in Highway Construction Contracts

Time-related Incentive and Disincentive Provisions in Highway Construction Contracts
Author: Gary J. Fick
Publisher: Transportation Research Board
Total Pages: 76
Release: 2010
Genre: Business & Economics
ISBN: 0309154782

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This report will be of interest to state and local highway agency construction managers and contractors with regard to learning about best practices of time-related incentive and disincentive contract provisions and their effect on staffing levels, productivity, project cost, quality, contract administration, and the contractor's operations and innovations. The report also presents a decision process guide to use as a template for crafting the incentive/disincentive provisions.


Incentive Programs in Construction Projects : the Contingency Approach

Incentive Programs in Construction Projects : the Contingency Approach
Author: Alexander Laufer
Publisher:
Total Pages: 8
Release: 1992
Genre: Construction industry--Employees--United States
ISBN:

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Incentive programs have long been held as a means to improve production in projects. A study was undertaken to investigate the most influential factors in construction labor force incentive programs. A questionnaire was sent to the first two hundred largest construction companies in the United States as ranked in the Top 400 Contractors listed annually by the Engineering News Record. In addition, 21 construction managers of small to medium sized construction companies in Texas were interviewed face to face. The questionnaire and interviews covered six incentive programs, which factored in the following situations: organizational climate, quality of management, project size, project complexity, project uncertainty, and nature of task. The study concludes that the most effective incentive program is monetary. This study substantiates the contingency approach claim that any way is not equally effective under all conditions. However, this study does not support the other piece of the contingency approach that there is no one best way, as the monetary program was always rated most effective.


Construction Contract Incentivisation Schemes - Lessons from Experience

Construction Contract Incentivisation Schemes - Lessons from Experience
Author: D. Richmond-Coggan
Publisher:
Total Pages: 124
Release: 2001-04
Genre: Construction contracts
ISBN: 9780860175544

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There is little published material available in the UK on the incentivisation of contracts. This factor coincided with CIRIA's response to the increasing concern within the construction industry of the pressure on pricing using traditional tendering processes, with the consequent impact on the time and quality aspects of projects. The rise of the claims culture had led to conflict between clients and contractors, with winners and losers emerging. A study on the incentivization of contracts was not intended to seek a panacea but rather to provide an alternative procurement route when more traditional methods were likely to create potential conflicts - with subsequent detrimental effects on the overall success of the project.


Incentivizing Collaborative BIM-Enabled Projects

Incentivizing Collaborative BIM-Enabled Projects
Author: Chen-Yu Chang
Publisher: Project Management Institute
Total Pages: 197
Release: 2018-11-05
Genre: Business & Economics
ISBN: 1628256249

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The use of digital representations to aid in projects—Building Information Modeling (BIM)—is gaining traction worldwide as an effective and beneficial approach to executing projects that can reduce errors and improve project results. Author Chen-Yu Chang, PhD, explains the current state of BIM use in three distinct countries: China, the United Kingdom, and the United States. Following multiple case studies in each country, Professor Chang explores the explicit and implicit motivators that may drive BIM participation and the factors that can influence its effectiveness. The case studies offer multiple perspectives on why and how BIM-enabled projects are adopted and provide a lens for understanding BIM at varying levels. This theoretical approach gives researchers and organizations new tools and ideas to help build their own strategies to encourage BIM use and better understand its place in managing projects.


Value Management Incentive Programme

Value Management Incentive Programme
Author: Nigel A. Standing
Publisher: Thomas Telford
Total Pages: 180
Release: 2001
Genre: Business & Economics
ISBN: 9780727730305

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Value management incentive programmes and clauses are a powerful mechanism for allowing continuity of contractors' input throughout a project delivery. The fact that incentive programmes have been overlooked in the reports and publications portraying alliancing and partnering as the way forward, means that this effective tool has been largely lost to the UK construction industry. The book considers value incentive programmes in depth, highlighting their application and benefits to client and contractor. It provides an insight into contractor-led value engineering and its effective use in different procurement forms.


Incentivizing Green Single-Family Construction

Incentivizing Green Single-Family Construction
Author: Shaun A. Bond
Publisher:
Total Pages:
Release: 2016
Genre:
ISBN:

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For more than a decade, governments have been incentivizing, and now requiring, private developers to construct energy efficient, sustainable projects. We examine the effectiveness of green single-family construction incentive programs. A cross-sectional comparison of municipalities with and without green private residential incentive programs indicates which government levels of policy issuance and which types of certification programs prove most successful, and when those impacts should be expected. Findings indicate that only municipalities experience success with construction-related policies, which may be tailored to their local market's construction demands. Business-related policies, however, prove effective at all levels of government implementation, with particular success at the state level. Lastly, event studies and multiyear window data indicates that green incentive policies elicit the greatest change two to three years after their implementation.


Contracting for Project Management

Contracting for Project Management
Author: J. Rodney Turner
Publisher: Taylor & Francis
Total Pages: 162
Release: 2017-07-05
Genre: Business & Economics
ISBN: 1351948806

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In all but the smallest of projects the project sponsor inevitably has to buy-in the services of other suppliers. Goods and services must be bought, and this requires people to make contracts so that they know the basis on which they are working with each other and to deal with any disagreements that subsequently arise. This means that a knowledge of contracting specifically for project management is essential if a project is to avoid difficulties and reach a successful conclusion. This book concentrates specifically on the contracting issues that surround projects of any size.


Construction Incentive Guidance

Construction Incentive Guidance
Author: United States Environmental Protection Agency (EPA)
Publisher: Createspace Independent Publishing Platform
Total Pages: 28
Release: 2018-08-20
Genre:
ISBN: 9781725675612

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Construction Incentive Guidance