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significantly on the motivation of contractors and hence project performance. Positive incentives (as a component of the project … incentive mechanisms take many forms in construction contracts, including: profit sharing in cost plus incentive contracts …, bonus performance provisions attached to various lump sum and cost reimbursable contracts, and multiple financial incentive …
Persistent link: https://www.econbiz.de/10009437675
stakeholder motivation with project goals. However, effective incentive system design can be a challenging task and takes skillful … designing incentives as part of a supportive procurement strategy to maximize project stakeholder motivation and prevent goal …
Persistent link: https://www.econbiz.de/10009437867
construction performance. One approach to improving the motivation of project organisations is by offering a financial incentive … incentive system, the paper explores motivation under a successful incentive and identifies key learnings for client … which is interpreted against a conceptual framework based on both economic and psychological perspectives of motivation. The …
Persistent link: https://www.econbiz.de/10009437942
managing contractor contracts and completed between 2001 and 2005 were examined to explore the ?drivers? that promoted … motivation toward financial incentive goals. The results were triangulated across data sources, projects and stakeholder types … recommendations is likely to increase the impact of FIMs on motivation and improve project and industry outcomes. Although the study …
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 …, this study finds financial incentives to be less important to motivation and performance than relationship enhancement …
Persistent link: https://www.econbiz.de/10009483360
Aligning the motivation of contractors and consultants to perform better than ?business-as-usual? (BAU) on a … approaches that promote motivation towards ?above BAU? goals. The paper contributes to this knowledge gap by examining the … negative drivers of motivation in a major construction project that, despite a wide range of performance enhancing incentives …
Persistent link: https://www.econbiz.de/10009483558
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
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...
Persistent link: https://www.econbiz.de/10009437535
This original empirical research was conducted to explore the relationship between business strategies and innovation implementation by project-based firms. The relative importance of five types of business strategies was assessed, concerning: (1) employees, (2) marketing, (3) technology, (4)...
Persistent link: https://www.econbiz.de/10009437806
Motivation is a major driver of project performance. Despite team member ability to deliver successful project outcomes … improving the motivation of project organizations is by offering a financial reward for the achievement of set performance … on the literature covering psychological and economic theories of motivation, this paper presents an integrated framework …
Persistent link: https://www.econbiz.de/10009437838