Relational Contracting in the UK Construction Sector PDF Download

Author: Wisdom E.K. Kwawu
Publisher:
ISBN:
Category : Business logistics
Languages : en
Pages :

View

Book Description
A major feature of the procurement of construction works in the UK is the contractural and business relationship between clients, consultants, main contractors, subcontractors, suppliers and other stakeholders. Since the 1980s, various forms of Collaborative Working Practices (CWPs) have been advocated as substitutes to traditional arm's length contractural relationship when procuring construction works. CWPs are underpinned by Relational Contracts (RCs). RCs are informal self-enforcing agreements and are based on the proposition that economic exchanges contain significant social norms such as trust, co-operation and commitment. In such circumstances the need to maintain the relationship overrides the gains achieved by enforcing the appropriate legal contractural obligations. Yet, inter-organizational business relationships are characterized by several issues such as coordinating, controlling and legitimizing the business relationship. Hence, it is questionable as to whether RCs can be used as substitutes to formal contracting in CWPs. The aim of this study is to find out what construction organizations are doing differently in the shift towards relational contracting.

Author: Albert P Chan
Publisher: Routledge
ISBN: 1134036019
Category : Technology & Engineering
Languages : en
Pages : 385

View

Book Description
Improved efficiency and effectiveness in the construction industry provide huge potential savings. Various forms of relational contracting such as partnering, alliancing, public private partnership (PPP), and joint venture are good examples of this. Relational Contracting for Construction Excellence presents the principles of relational contracting, practicalities and a series of short case studies. Principles begins with the fundamentals then covers development in major countries, definitions of relational contracting, their benefits, difficulties, critical success factors and key performance indicators. Practice includes the relational contracting approach and process in general, and significant factors which make workshops successful, at whatever stage of the process. A number of real-life case studies from the UK, USA, Australia, and Hong Kong are provided. Since the book draws on a combination of practical consultancy works and university research, a wide range of readers will find it useful, i.e. from industrial practitioners to undergraduate students.

Author: Hedley Smyth
Publisher: John Wiley & Sons
ISBN: 1444301071
Category : Technology & Engineering
Languages : en
Pages : 272

View

Book Description
The book collects the latest research on both contractual andconceptual collaborative practices in construction. It identifiescommon problems faced by the industry and draws out practicalimplications. Construction projects are increasingly run in ways thatundermine the traditional boundary of the firm and sometimes alsothe definition of the project coalition. This poses challenges forconstruction firms whose clients demand ever increasing performanceimprovements as well as those firms who want to improve theirstrategies for greater collaboration to give themselves competitiveadvantage. The editors identify three main themes: collaborativerelationships, operating both in frameworks and within networks ofcontacts, e.g. relational contracting in partnering, supply chainmanagement and other procurement-driven initiatives. The second theme is frameworks, both contractual frameworksbinding parties together over a series of contracts, and conceptualframeworks used to develop future performance improvement arisingfrom the proactive strategies of firms. The third theme is the network of relationships that supportsindividuals and firms within the project coalition in deliveringservices and adding value to improve performance. These networksdefine the investment and incentives supporting the inter-firm andintra-firm relationships, as well as the formal contractualconditions through which such incentives flow. Networks ofinformation exchange define the structure of the activity and helppredict organisational configurations for successful projectoutcomes.

Author: David Frydlinger
Publisher: Springer Nature
ISBN: 3030650995
Category : Business & Economics
Languages : en
Pages : 327

View

Book Description
Today’s business environment is constantly evolving, filled with volatility, uncertainty, complexity and ambiguity and driven by digital transformation, globalization, and the need to creating value through innovation. These shifts demand that organizations view contracting through a different lens. Since it is impossible to predict every what-if scenario in a transactional contract, organizations in strategic and complex partnerships must shift to a mindset of shared goals and objectives built upon a strong foundation of transparency and trust, working together to mitigate risk much better than merely shifting risk to the weaker party. Contracting in the New Economy helps you to not only develop this mindset – but also offers the practical tools needed to embrace the social side of contracting, enabling your organization to harness the value creating potential of formal relational contracts. Briefly sharing the theoretical foundations that prove relational contracting works, it goes well beyond theory by providing powerful examples of relational contracting principles in practice. In addition, the authors provide a practical and proven approach for helping you to put relational contracting theory into practice for your own relationships. First by providing a framework for approaching any contracting situation and helping organizations finding the best contract model for each situation. And then by sharing five proven steps you can take to create an effective relational contract for you own strategic and complex business relationships. For anyone involved in developing contracts —lawyers, in-house counsels, contract managers, C-level managers, procurement officers, and so on — this book will empower you to create powerful cooperative alliances that will help you reach —and surpass — your business goals in today’s dynamic new environment.

Author: Marcus C. Jefferies
Publisher: Routledge
ISBN: 1317635019
Category : Technology & Engineering
Languages : en
Pages : 496

View

Book Description
The last three decades have seen the evolution of Public–Private Partnerships (PPPs) and Relationship Contracting (RC) as alternative procurement approaches to traditional methods of delivering public infrastructure. The potential for growth in these new forms of procurement has led to an on-going debate on the nature of requirements, particularly in terms of policy development, encouraging private investment and value for money. A key argument for Governments to procure projects using PPPs and RC is that the process delivers better value for all the stakeholders, including the community and asset end-users. This wide-ranging study of such crucial procurement issues includes international historical context, collaboration and risk management, with a focus on sustainable procurement approaches. The international significance of PPPs and RC procurement is reinforced with case study examples from the UK, Europe, North America, South Africa and the Asia-Pacific. It features cutting-edge research from around the world on subjects such as: Reviews and reflection of the PPP approach Project Alliancing Implementation of RC in developing countries Changes in procurement policy Value for money, collaboration and stakeholder involvement Growth and emergence of PPPs in Asia Risk management Including contributions from some of the world's most prominent academics and practitioners in this field, it is a crucial guide to the strategic choices governments now face for the provision of infrastructure, between using ‘public’ or ‘private’ mechanisms, or a combination of the two.

Author: Sai On CHEUNG
Publisher: City University of HK Press
ISBN: 9629371170
Category : Business & Economics
Languages : en
Pages : 248

View

Book Description
This volume identifies the most critical driver for co-operative behavior—“Trust”. Its legal and behavioral implications will be carefully examined. Furthermore, a case study on the Mass Transit Railway Tseung Kwan O extension will help illustrate both theory and practice in perspective.This book provides a comprehensive discussion on trust in co-operative contracting. Directed from both management and legal perspectives with findings supported by empirical researches, it is hoped that professionals, researchers and students will find the book interesting. Published by City University of Hong Kong Press. 香港城市大學出版社出版。

Author: Derek Walker
Publisher: John Wiley & Sons
ISBN: 0470680369
Category : Technology & Engineering
Languages : en
Pages : 318

View

Book Description
Construction has been an industry characterised by disputes, fierce competitiveness and fragmentation - all major obstacles to development. Now, however, a relationship-based approach to project procurement, through partnering and alliancing, aims to bring about a fundamental change. This book addresses the critical relationship issues for a more collaborative and sustainable construction industry. It looks at how project procurement and project alliancing partner selection works, and how risk and crisis resolution are managed. It provides readers with guidance and models on how to put a relationship-based approach to procurement into practice, drawing on specific prototypes from an actual, successful project that can be adapted.

Author: Rick Best
Publisher: Taylor & Francis
ISBN: 1000648117
Category : Business & Economics
Languages : en
Pages : 317

View

Book Description
This third book from editors Rick Best and Jim Meikle brings together and presents insights into a number of key concepts in the study of construction firms, projects and the group of activities that loosely define the construction industry. The value for readers comes from the collection of a variety of topics in a single volume, which provide a basic understanding of the complexities of construction as more than a set of practical concerns such as labour management and materials handling. Instead, the focus is on analysis of the industry and its component parts from the viewpoints of construction economists and others seeking to understand the drivers and challenges that shape an area of economic activity that is a major contributor in all economies. The aim of this book is to provide an overview and discussion of several aspects of what makes construction tick. It is unlike other industry sectors in many ways, being project-based with often intense competition for work. Where the first book, Measuring Construction, focused on particular areas associated with quantifying various aspects of construction activity and the second, Accounting for Construction, looked more at how we record and report on construction activity, Describing Construction gives readers the views of experts in the field of how the construction industry is described, what its make-up is, it even asks the question: is construction a single industry? This book will change the way most readers understand the ‘construction industry’, whatever that may be, not from the point of view of visible on-site activities, but through a scientific approach to analysis and understanding of how projects, firms and various sectors of the industry work and how things are changing and may continue to change in future. It is essential reading for students and researchers in construction management, quantity surveying, architecture and engineering.

Author: Titus Ebenezer Kwofie
Publisher: Springer Nature
ISBN: 3030493741
Category : Technology & Engineering
Languages : en
Pages : 193

View

Book Description
This book focuses on the development of communication skills in the context of non-traditional procurement and construction projects. It helps readers to understand the fundamentals of non-traditional procurement, and highlights the inherent communication challenges that arise, as well as how to solve them. The book is divided into four parts, the first of which provides an introduction to communication, discussing the theoretical concepts and contextual nature of communication as well as its benefits. The second part goes into more depth, discussing communication in the context of construction project delivery and non-traditional procurement systems, what these two terms actually mean, and what effective communication looks like in these contexts. Part III offers solutions to the inherent challenges of communication, including the use of information and communications technology, while the book’s fourth and final part explores the future of construction communication. Given the scope of its content, the book represents a valuable asset for researchers, professionals and students in the areas of procurement management and construction management.

Author: Stephen Pryke
Publisher: John Wiley & Sons
ISBN: 1405173459
Category : Technology & Engineering
Languages : en
Pages : 328

View

Book Description
Value is added to projects through the relationships surrounding the client; the focus of this book is therefore the client as project, rather than the building on the ground. It shows how to create and maintain effective relationships between the client and the project team, as well as intra-coalition relationships Students, academics and practitioners need to understand the changing nature of reforms from successive calls for change by the industry’s various clients and client groups. Project team network relationships are a function of mindsets, behaviour and competencies of individuals and The Management of Complex Projects: a relationship approach: • Explores the relationship at the project interface: client-design team-contractor, stakeholders and supply chain relations • Examines different concepts to the development and management of relationships; formation and maintenance issues • Highlights some of the key issues that require development, both academically and through applied research. Most project management books cover tools and techniques; this one covers the softer skills and shows how crucial good relationships are to the successful management of projects.