Download or read book Relational Contracting in the UK Construction Sector written by Wisdom E.K. Kwawu and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Relational Contracting for Construction Excellence written by Albert P Chan and published by Routledge. This book was released on 2009-09-23 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Collaborative Relationships in Construction written by Hedley Smyth and published by John Wiley & Sons. This book was released on 2009-01-28 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Contracting in the New Economy written by David Frydlinger and published by Springer Nature. This book was released on 2021-05-24 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book New Forms of Procurement written by Marcus C. Jefferies and published by Routledge. This book was released on 2016-04-14 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Trust in Co operative Contracting in Construction written by Sai On CHEUNG and published by City University of HK Press. This book was released on 2007-06-01 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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。

Download or read book Procurement Strategies written by Derek Walker and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Describing Construction written by Rick Best and published by Taylor & Francis. This book was released on 2022-09-16 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Effective Construction Project Delivery written by Titus Ebenezer Kwofie and published by Springer Nature. This book was released on 2020-06-10 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Management of Complex Projects written by Stephen Pryke and published by John Wiley & Sons. This book was released on 2012-11-20 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book COVID 19 and Social Determinants of Health written by Adrian Bonner and published by Policy Press. This book was released on 2023-01-20 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Health and socio-economic consequences of the COVID-19 pandemic have been exacerbated by central government-imposed austerity budgeting by local authorities and the health service. This book, part of the Social Determinants of Health series, extends the ideas developed in the previous volumes by reviewing the impact of COVID-19 on local and national governance from the perspectives of public health, social care and economic development. Drawing on case studies from across the UK and beyond, it explores the pandemic and other ‘wicked’ issues including climate change, homelessness, unemployment and domestic abuse through the lens of relationalism, and proposes necessary system changes.

Download or read book Building Procurement written by Roy Morledge and published by John Wiley & Sons. This book was released on 2021-04-12 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: As an industrial process, construction is unique. The procurement processes used to achieve the successful completion of built assets requires a different approach to that adopted in most other industries, due to the design of buildings being bespoke and the sites being geographically varied. The procurement process is central to the success of any construction project and many of the problems which impact construction projects can be traced back to the procurement phase, so a good understanding of the methods of procurement, the development of a procurement strategy and the influence it has on project success is essential for all those working in the industry. Much has changed in the global construction industry since publication of the second edition of Building Procurement, for example the increase in debt burden of many major economies, widespread adoption of Building Information Modelling (BIM) Technology in the industry and the United Kingdom's exit from the European Union. This new edition has been rewritten to take account of these significant developments, but at its core it continues to provide a critical examination and review of current procurement practices in the UK, continental Europe (including EU procurement procedures), China, Middle East and Sub-Saharan Africa and the USA. It retains its original strong emphasis on the need for clients to establish achievable objectives which reflect the project business case and focuses on development of suitable strategies and management structures to meet those objectives in the current construction climate. Building Procurement will be essential reading for senior undergraduate and postgraduate students of construction management and practitioners working in all areas of construction management.

Download or read book Contracting for Business Success written by Andrew W. Cox and published by Thomas Telford. This book was released on 1998 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the current use and performance of standard forms of contract and dispute resolution in the UK construction industry. It draws on extensive research into which contractual conditions are most appropriate to adopt in individual circumstances. It concludes with a guide for all clients and construction professionals to the selection of the contracting methods which generate business success. It reviews the main forms of contract currently in use, including: ICE 6th edition; ICE Design & Construct; ICE Minor Works; FIDIC; NEC (2nd edition); GC/Works/I; IChemE (Red & Green Books); and JCT Forms.

Download or read book Procurement in the Construction Industry written by William Hughes and published by Routledge. This book was released on 2006-07-29 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evidence-based assessment of new procurement processes in relation to collaborative working patterns, weighing up the costs and benefits to the construction industry.

Download or read book Target Cost Contracting Strategy in Construction written by Daniel W.M. Chan and published by Taylor & Francis. This book was released on 2016-10-14 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: The problems inherent in the traditional design-bid-build procurement method often lead to the adversarial working relationships within the construction industry. Target cost contracts, accompanied by a gain-share/pain-share arrangement serving as a cost incentive mechanism, have emerged in the United States, the United Kingdom, Australia and Hong Kong with the aim of achieving better value for money and more satisfactory overall project performance under a collaborative working relationship. This book presents the underlying principles, practicalities and a series of short case studies of applying the target cost contracting strategy. Principles begin with the fundamentals then cover the development of target cost contracting in major countries/cities, definitions of target cost contracting, perceived benefits, potential difficulties and critical success factors for implementation. Practices include the target cost contracting approach and process in general, the key risk factors, risk assessment model, risk allocation and risk mitigation measures for target cost contracts in particular, together with a conceptual framework for the performance measurement of target cost contracts. Several short real-life case studies from the United Kingdom, Hong Kong, Australia and New Zealand are provided for further illustration. The book will appeal to a wide spectrum of readers from industrial practitioners to undergraduate students, researchers and academics interested in construction contracts and procurement methods.

Download or read book Routledge Handbook of Construction Project Procurement and Delivery written by Mohan Kumaraswamy and published by Taylor & Francis. This book was released on 2024-03-28 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook provides the knowledge needed to design and deploy proactive construction project procurement and delivery systems based on essentials while addressing emerging construction industry imperatives in order to boost overall performance. Section 1 of the Handbook provides an overview, while Section 2 provides the fundamentals with fresh insights into the building blocks and trends in performance-linked procurement and delivery, including procurement strategies and commercial priorities, project briefs and management plans, design management, stakeholder management, risk management, ethics and professionalism, team building, information and knowledge management, digital aids, conflict, claims and dispute management, collaborative contracting, relationship-based teamworking and linking to built asset management. Section 3 explores and expands on specific trends, including sub-contractor selection, Building Information Modelling (BIM) in project cost management; off-site and modern methods of construction; 4IR/5IR technologies; and constructing for the circular economy, supply chain resilience and social value imperatives in this domain. While other books describe standard processes or focus on specific strategies such as design and build, target cost contracting or integrated project delivery, this Handbook presents the fundamentals of such processes and protocols together with invited specialist insights into growing trends and imperatives in holistic procurement and delivery. Those who could benefit from this Handbook include academics, researchers, postgraduate students, policy makers and administrators, managers in both public and private sectors involved with planning and overseeing construction project procurement and/or delivery and undergraduates looking for a balanced introduction and useful insights into what is critical to the success of construction projects, organisations and the industry itself.

Download or read book Commercial Management written by David Lowe and published by John Wiley & Sons. This book was released on 2013-05-31 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commercial Management: theory and practice defines the role of commercial management within project-oriented organisations, providing a framework for and helping to develop a critical understanding of the factors that influence commercial management practice. It also identifies generic aspects of this practice and provides a theoretical foundation to these activities, by reference to existing and emergent theories and concepts, as well as to relevant management best practice. The book is structured into four parts: Part 1 Introduction – Commercial Management in Project Environments explores the nature of commercial practice within project-oriented organisations at the buyer-seller interface. It presents a Commercial Management framework, which illustrates the multiple interactions and connections between the purchaser‘s procurement cycle and a supplier‘s bidding and implementation cycles. Additionally, it outlines the principle activities undertaken by the commercial function, identifies the skills and abilities that support these activities and reviews the theories and concepts that underpin commercial practice. Finally, it identifies areas of commonality of practice with other functions found within project-oriented organisations, plus sources of potential conflict and misunderstanding. Part 2 – Elements of Commercial Theory and Practice covers commercial leadership; exploring strategy; risk and uncertainty management; financial decision-making; and key legal issues. Part 3 – Approaches to Commercial Practice addresses best practice management; and commercial and contracting strategies and tactics. Finally, Part 4 – Case Studies offers two extended case studies: Football Stadia (the Millennium Stadium, Cardiff; the Emirates Stadium, Islington; and Wembley Stadium, London); and Heathrow Terminal 5. The book provides a one-stop-shop to the many topics that underpin commercial management practice from both a demand (buy-side) and a supply (sell-side) perspective. It will help develop an understanding of the issues influencing commercial management: leadership, strategy, risk, financial, legal, best practice management and commercial and contracting strategy and tactics. This book’s companion website is at www.wiley.com/go/lowecommercialmanagement and offers invaluable resources for both students and lecturers: • PowerPoint slides for lecturers on each chapter • Sample exam questions for students to practice • Weblinks to key journals and relevant professional bodies