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Anumba, C J, Pan, J, Issa, R R A and Mutis, I (2008) Collaborative project information management in a semantic web environment. Engineering, Construction and Architectural Management, 15(01), 78–94.

Badenfelt, U (2008) The selection of sharing ratios in target cost contracts. Engineering, Construction and Architectural Management, 15(01), 54–65.

  • Type: Journal Article
  • Keywords: Construction industry; contracts; risk management; Sweden; target costs
  • ISBN/ISSN: 0969-9988
  • URL: http://www.emeraldinsight.com/10.1108/09699980810842061
  • Abstract:
    Purpose – The purpose of this paper is to provide a broader understanding of target cost arrangements by empirical study of the choice of sharing ratios from the perspective of both clients and contractors. Design/methodology/approach – Eight Swedish construction clients and eight contractors were interviewed. These interviews were followed by a case study of a large construction project with a target cost contract. The data for the case study were gathered through interviews, contract documents and non-participant observation. The impact of perceived risks on the selection process is discussed in terms of agency theory. Findings – Key factors influencing the selection of a sharing ratio included perceptions of fairness, knowledge of target cost contracts, and long-term relationships. The perceived level of risk is affected by the perceived performance risk and the perceived relational risk. Consequently, attention should be paid to the impact of long-term relationships on the design and outcome of target cost contracts since such relationships reduce the risks associated with asymmetric information, such as relational risk. Originality/value – This study identifies factors that previous research has ignored in relation to the negotiation of target cost contracts.

Bassioni, H A, Hassan, T M and Price, A D F (2008) Evaluation and analysis of criteria and sub-criteria of a construction excellence model. Engineering, Construction and Architectural Management, 15(01), 21–41.

Chen, Y and Kamara, J M (2008) Using mobile computing for construction site information management. Engineering, Construction and Architectural Management, 15(01), 7–20.

Kaka, A, Wong, C, Fortune, C and Langford, D (2008) Culture change through the use of appropriate pricing systems. Engineering, Construction and Architectural Management, 15(01), 66–77.

Lobo, Y B and Wilkinson, S (2008) New approaches to solving the skills shortages in the New Zealand construction industry. Engineering, Construction and Architectural Management, 15(01), 42–53.