Howard, W E (1996) Innovative strategies for compensation of engineering and construction contractors. PhD thesis, Clemson University, USA.
Abstract
Recognizing potential for improvement in contractor performance relative to owner success factors, the Construction Industry Institute formed the Contractor Compensation Research Team in 1994. This dissertation describes results of research conducted in conjunction with the Research Team to identify innovative compensation methods that can dramatically improve engineering and construction contractors' performance relative to facility owners' objectives. Research methodology included a review of relevant literature in construction engineering and economics, a survey of owners and contractors to identify innovative compensation mechanisms in use, structured interviews of capital project teams to explore contract terms and their impact on performance, a national Owner/Contractor workshop, and collection and documentation of innovative strategies employed successfully by owner/contractor teams. Fourteen case studies of successful projects are presented. Economic principles relating to construction contracting are explored, and implications to contractor compensation design developed. Thirty-one contractor compensation strategies considered effective by project teams are isolated from the case studies. Matrices are presented which characterize effectiveness of the compensation strategies for the owner project objectives encountered in the case studies. References in the matrices guide the user to examples of application of the strategies and to implementation materials in the Appendices. Conclusions and recommendations relative to owner to contractor compensation are provided.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Bell, L C |
| Uncontrolled Keywords: | effectiveness; project team; contract terms; construction engineering; contractor performance; documentation; construction contractors; construction contractors; owner; case studies; interview |
| Index terms: | construction contractor, survey, success factor, documentation, strategy, interview, project team, implementation, compensation, dissertation, effectiveness, research methodology, construction engineering, capital project, Construction Industry Institute, contractor performance, owner, case study, contract term, workshop |
| Subjects: | sociology, contractual condition, professional development, contract management, management, engineering methods, performance management, contractual arrangements, project delivery, strategic project management, health monitoring assessment and metrics, dispute resolution, practitioner, data collection methods, research dissemination and communication, construction type, research organizations, research design and methodology |
| Topics: | Quality Management, Legal Issues, Contract Administration, Information Management, Engineering Principles, Research Practice, Project Management, Health and Safety, Business Strategy, Procurement, Construction Technology, Stakeholder Management, Roles and Professions |
| Descriptive scope: | 3 PCE |
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