Gongming, M (2018) The influence of trust on risk allocation in Chinese PPP projects. PhD thesis, ISCTE - Instituto Universitario de Lisboa, Portugal.
Abstract
In order to improve the performance of PPP project management, remarkable numbers of work has been done by theorists and practitioners. However, the incentive of PPP partners has not fully been interrogated. When looking for an incentive approach of project governance, we found proper risk allocation as a motivating factor. It suggests that proper risk allocation allows contractor control construction costs reasonably, and gain compensation from the contract status changes, to ensure the profits expected at the end of the construction process. Currently, despite the fact that proper risk allocation has been recognized by practitioners to have a positive impact on the performance of project management, however, due to the lack of trust and trust insufficient supplies from PPP partners when designing risk allocation. Therefore, the purpose of this research is to explore the impact mechanism of PPP partners’ trust on proper risk allocation scheme formation and mechanism chain in which contractor achieves compensation as the contract status changed to form "trust-PPP partners proper risk allocation-PPP partners act dutifully while obtaining compensation when contract status changed positive loop adaptive process has become an important key scientific problem. Specifically, this thesis is discussed in the following four areas: 1. Theoretical sort of trust and risk allocation in PPP project: we analyzed research progress of risk allocation in PPP project from the perspectives of technology, organization and contract paradigms. Based on the sorting existing literature of trust, we analyzed fit of trust and risk allocation with paradigm tension as foothold, and proposed the potential impact of trust on the formation of risk allocation scheme. 2. Research design employed qualitative and quantitative study for reliability: Trust in construction project involves characteristics of scenarios dependency and moral risk, where data reliability issue has become a bottleneck of development of trust research in PPP project. Therefore, by having focus groups to explore on the optimal projection and ‘scenario into’ semi-structured interview process design module, we designed targeting approaches for trust and risk allocation study. 3. Building of ‘trust, proper risk allocation and contract status changes compensation’ theoretical assumptions model based on exploratory analysis with grounded theory and interpretation of literature: due to the gap in the literature which explores the relationship between trust and risk allocation, initial exploratory analysis model along with grounded theory and the analysis of social exchange based on reciprocity, social capital, and incomplete contract theories, we build driver, moderating theoretical assumptions model between trust, proper risk allocation and contract status changes compensation. 4. Empirical Analysis from questionnaire: by fixing existing scales of trust and proper risk allocation, hypothesis testing were answered through questionnaire survey, where it revealed driving action of trust on the formation of proper risk allocation and risk-sharing non-moderating act of trust on the relationship between proper risk allocation and contract status changes compensation.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Uncontrolled Keywords: | governance; grounded theory; interview; questionnaire survey; reliability; trust |
| Index terms: | focus group, interview, process design, social capital, profit, survey, questionnaire, practitioner, construction project, construction process, governance, construction cost, grounded theory, contract theory, research design, risk allocation, module, paradigm, project management, compensation, testing |
| Subjects: | financial risk, production management, theoretical framing, architectural elements, building construction, practitioner, economic analysis, professional practice, legal systems, project management theory and practice, education and knowledge transfer, sociology, dispute resolution, design methods, business, research design and methodology, data collection methods, financial and cost management |
| Topics: | Design Practice, Site Management, Research Practice, Cost Management, Business Strategy, Governance, Roles and Professions, Legal Issues, Engineering Principles, Project Management |
| Descriptive scope: | 5 PCTEA |
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