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Al-Momani, A H (2000) Structuring information on residential building: a model of preference. Engineering, Construction and Architectural Management, 7(02), 179–90.

Arditi, D, Koksal, A and Kale, S (2000) Business failures in the construction industry. Engineering, Construction and Architectural Management, 7(02), 120–32.

Dainty, A R J, Bagilhole, B M and Neale, R H (2000) The compatibility of construction companies’ human resource development policies with employee career expectations. Engineering, Construction and Architectural Management, 7(02), 169–78.

Kagioglou, M, Cooper, R, Aouad, G F and Sexton, M (2000) Rethinking construction: the generic design and construction process protocol. Engineering, Construction and Architectural Management, 7(02), 141–53.

Langford, D, Rowlinson, S M and Sawacha, E (2000) Safety behaviour and safety management: its influence on the attitudes of workers in the UK construction industry. Engineering, Construction and Architectural Management, 7(02), 133–40.

Love, P E D, Smith, J, Treloar, G J and Li, H (2000) Some empirical observations of service quality in construction. Engineering, Construction and Architectural Management, 7(02), 191–201.

Perry, J G and Barnes, M (2000) Target cost contracts: an analysis of the interplay between fee, target, share and price. Engineering, Construction and Architectural Management, 7(02), 202–8.

  • Type: Journal Article
  • Keywords: award criteria; contractor's share; fees; manipulation of tenders; targets; tender evaluation
  • ISBN/ISSN: 0969-9988
  • URL: http://www.blackwell-synergy.com/links/doi/10.1046/j.1365-232X.2000.00153.x/abs
  • Abstract:
    Target cost contracts are growing in popularity but concerns remain about the interplay between fee, target, sharing ratios and the final price. This paper offers a fundamental analysis of the principles underpinning target contracts. It shows that there is scope for manipulation of tenders and that suboptimal methods of tender evaluation are in use. The paper analyses both fixed fee and percentage fee contracts. Methods of tender evaluation are proposed that will both reduce the scope for manipulation by tenderers and increase the likelihood of the contract being awarded to the tenderer whose final price will be the lowest. The analysis reveals a strong case for setting the contractor's share of cost overrun or underrun at a value that is not less than 50%. Finally, the paper proposes two simplifications that would reduce the number of variables in target cost contracts of the future. One is for the employer to set the fee and the other requires only that a target be tendered but with the fee built into it.

Stumpf, I (2000) Competitive pressures on middle-market contractors in the UK. Engineering, Construction and Architectural Management, 7(02), 159–68.

Tah, J H M and Carr, V (2000) Information modelling for a construction project risk management system. Engineering, Construction and Architectural Management, 7(02), 107–19.

Tan, W (2000) Total factor productivity in Singapore construction. Engineering, Construction and Architectural Management, 7(02), 154–8.