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The purpose of this paper is to emphasis the significance of public asset management in Indonesia that is by …, which could not represent exactly the whole local governments’ condition in Indonesia. Findings from this study provide … useful input for the policy makers, scholars and asset management practitioners in Indonesia to establish a public asset …
Persistent link: https://www.econbiz.de/10009438152
Nowadays, most of the infrastructure project developments undertaken are complex in nature, demanding greater skill and technologies, fast track work practices, good decision making and analytical skill, and capabilities to utilize Information Communication Technologies (ICT) specifically in...
Persistent link: https://www.econbiz.de/10009437778
Most infrastructure project developments are complex in nature, particularly in planning phase. During this stage, many vague alternatives occur - from the strategic to operational level. Human judgement and decision making are characterized by biases, errors and the use of heuristics. These...
Persistent link: https://www.econbiz.de/10009437784
Before the Global Financial Crisis many providers of finance had growth mandates and actively pursued development finance deals as a way of gaining higher returns on funds with regular capital turnover and re-investment possible. This was able to be achieved through high gearing and low presales...
Persistent link: https://www.econbiz.de/10009438259
Implementation of financial incentive mechanisms in the contractual arrangements of a construction project can impact significantly on the motivation of contractors and hence project performance. Positive incentives (as a component of the project delivery strategy) aim to motivate contractors to...
Persistent link: https://www.econbiz.de/10009437675
Client-side project managers face challenges in motivating project organisations to pursue exceptional design and construction performance. One approach to improving the motivation of project organisations is by offering a financial incentive reward for the achievement of voluntary performance...
Persistent link: https://www.econbiz.de/10009437942
Neo-classical microeconomic theory has been suggested to offer (1) an appropriate analytical tool for construction price determination while, at the same time, (2) full-cost pricing is most commonly accepted pricing policy of construction firms. Paradoxically, however, both are mutually...
Persistent link: https://www.econbiz.de/10009483258
Most infrastructure project developments are complex in nature, particularly in the planning phase. During this stage, many vague alternatives are tabled - from the strategic to operational level. Human judgement and decision making are characterised by biases, errors and the use of heuristics....
Persistent link: https://www.econbiz.de/10009483358
Purpose: To provide recommendations for construction clients who design and implement financial incentive mechanisms (FIMs) on projects. ---------- Methodology: Four large Australian building projects commissioned by government clients under managing contractor contracts and completed between...
Persistent link: https://www.econbiz.de/10009483359
Construction industry observers tout the use of financial incentives as promoters of motivation and commitment on projects. Yet, little empirical evidence exists concerning their effectiveness. What are the drivers of motivation on construction projects? The reasons that construction project...
Persistent link: https://www.econbiz.de/10009483360