The use of financial incentives in construction projects has been seen as a way to improve short term motivation, collaboration and reinforce long term commitment between project stakeholders. Yet, very little empirical research has been conducted into how financial incentives should be applied...

A great body of knowledge exists on the theory of auctions and competitive bidding that is of potential relevance to construction contract tendering. Most of this, however, contains assumptions – such as perfect information – that are unlikely to be tenable in practice. The aim, therefore,...

Both the increasing private participation in public projects and the critical importance of appropriate risk allocation to the success of Public-private partnership (PPP) projects justify specific research on how to establish effective risk allocation strategies in PPP projects. Partner’s risk...

The project management team has to respect contractual commitments, in terms of deadlines and budgets, that are often two antagonistic functions. Then, during the invitation to tender phase or when faced with a risk situation, it has to determine its risk management strategy.

Purpose – This paper aims to analyse three individual foresight projects referring to the natural resources sector in Russia, their interconnection and influence on policy decision making. Design/methodology/approach – The three foresight studies used different methodologies depending on the...

This exploratory paper examines the drivers and obstacles to construction innovation. It is based on a large-scale survey of nearly 400 businesses in the Australian construction industry conducted in 2004, and twelve in-depth case studies of innovation on Australian construction projects between...

To operate successfully, a commercial organisation must satisfy the ever-changing demands of its clients, its owners, its employees and society as a whole. To do this, it must have a good understanding of its persona as perceived by its own members and the entities it deals with. This persona,...