Zwick, D C and Miller, K R (2004) Project buyout. Journal of Construction Engineering and Management, 130(2), pp. 245-248. ISSN 0733-9364
Abstract
Buyout is the transitional time between the preconstruction and the construction phases of a project. It is during buyout that purchase orders and subcontracts are issued. Most of the literature in construction addresses either estimating or project management but ignores the buyout time frame. This paper addresses how the buyout process attempts to reduce the ambiguities that occur during the transition from the preconstruction to the construction phase.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | estimation; financial factors; owners; project management; subcontracts |
| Index terms: | construction phase, subcontract, financial factor, estimating, project management, estimation, owner |
| Subjects: | contract type, project delivery, project management theory and practice, sociology, economic analysis, financial and cost management |
| Topics: | Research Practice, Stakeholder Management, Project Management, Cost Management, Contract Administration |
| Descriptive scope: | 2 PC |
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