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Balatbat, M C A, Lin, C-Y and Carmichael, D G (2011) Management efficiency performance of construction businesses: Australian data. Engineering, Construction and Architectural Management, 18(02), 140–58.

Chan, D W M, Lam, P T I, Chan, A P C and Wong, J M W (2011) Guaranteed maximum price (GMP) contracts in practice: a case study of a private office development project in Hong Kong. Engineering, Construction and Architectural Management, 18(02), 188–205.

  • Type: Journal Article
  • Keywords: Hong Kong; incentive schemes; procurement
  • ISBN/ISSN: 0969-9988
  • URL: https://doi.org/10.1108/09699981111111157
  • Abstract:
    Purpose – This paper aims to investigate the operational mechanism, project performance, motives behind, benefits, difficulties and success factors of adopting the guaranteed maximum price (GMP) scheme based on a real-life case study of Chater House, an international Grade A private office project in Hong Kong. Design/methodology/approach – The case project was analysed by means of the related project documentation and a series of face-to-face interviews with the relevant senior project representatives. Findings – All the interviewed key project stakeholders perceived that the GMP contract helped achieve competitive price, value for money and superior quality of products as well as provided stronger incentives to innovation and cost saving. The case study revealed that the overall success of this GMP project was underpinned by several key attributes. Originality/value – The paper provides solid groundwork for client bodies and contracting organisations to develop a best practice framework for implementing successful GMP schemes in future construction.

Hastheetham, A and Hadikusumo, B H W (2011) Theoretical framework of strategic behaviours in Thai contractors: An empirical case study. Engineering, Construction and Architectural Management, 18(02), 206–25.

Kikwasi, G J (2011) An evaluation of construction skills in Tanzania. Engineering, Construction and Architectural Management, 18(02), 127–39.

Lingard, H, Cooke, T and Blismas, N (2011) Coworkers' response to occupational health and safety: an overlooked dimension of group-level safety climate in the construction industry?. Engineering, Construction and Architectural Management, 18(02), 159–75.

Sebastian, R (2011) Changing roles of the clients, architects and contractors through BIM. Engineering, Construction and Architectural Management, 18(02), 176–87.