Using value management techniques to set up partnering agreements

Kelly, J and Hunter, K (2002) Using value management techniques to set up partnering agreements. In: Greenwood, D (ed.) Proceedings of 18th Annual ARCOM Conference, 2-4 September 2002, Northumbria, UK.

Abstract

The primary issues associated with partnering are reviewed and a research proposition examined. The research proposition is that where the activity of the setting up of a partnering agreement is seen to be a project then the structured team based techniques of value management provide an effective and efficient means of formulating the partnering agreement. The paper outlines a funded action research project, which describes the method of compilation of specific value management techniques conducive to a partnering workshop. A definition of partnering for the purposes of this paper is; the achievement of a strategic or tactical objective by engaging with other organizations on the basis of; a clear understanding of each party’s commercial and social objectives, with co-operative decision making, using a common feedback structure, to facilitate continuous improvement. A partnership is characterized by trust amongst the parties together with risk sharing.

Item Type: Conference Paper (Paper)
Uncontrolled Keywords: partnering; value management
Index terms: value management, continuous improvement, operative, decision-making, partnership, agreements, action research, partnering, workshop
Subjects: contract formation, performance measurement, partnership management, management, data collection methods, decision analysis, construction type, practitioner
Topics: Contract Administration, Roles and Professions, Construction Technology, Quality Management, Risk Management, Research Practice, Value Management, Stakeholder Management
Descriptive scope: 3 PCE

N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here