Abstracts – Browse Results
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Arias, S (2014) Engineer manual 385 effectiveness: A study of predictive analytics, Unpublished PhD Thesis, , Indiana State University.
Bradford, C W (2017) The impact of the systematic incorporation of tolerances on gypsum board installation, Unpublished PhD Thesis, , Indiana State University.
Bruce, R D (2008) A study of craft worker length of employment at select Missouri construction companies, Unpublished PhD Thesis, , Indiana State University.
Burns, T M (2007) The effect of selected request for information variables on steel fabrication outcomes, Unpublished PhD Thesis, , Indiana State University.
Chukwu, I (2018) Sustainability in the Nigerian construction industry: The feasibility of adopting green building rating system, Unpublished PhD Thesis, , Indiana State University.
Dorward, D R (2006) The effect of selected output modifications on facilitating the assessment of PDM schedules, Unpublished PhD Thesis, , Indiana State University.
Fee, S T (2005) Sustainable construction practices: Contractors' perceptions of awareness and participation, Unpublished PhD Thesis, , Indiana State University.
Graham, G (2016) Factors influencing and risk associated with the use of drones by specialty construction companies in the United States of America, Unpublished PhD Thesis, , Indiana State University.
Gravitt, D D (2004) The development and validation of a bar code based residential construction quality inspection procedure, Unpublished PhD Thesis, , Indiana State University.
Haddad, B (2007) Risk management in the contractual language in the construction industry: The effect of exculpatory clauses on contractor bid price, Unpublished PhD Thesis, , Indiana State University.
- Type: Thesis
- Keywords: contingency; payment; project cost; estimator; owner
- ISBN/ISSN:
- URL: https://www.proquest.com/docview/304855285
- Abstract:
Exculpatory clauses are often used in construction contracts to shift potential risks of construction from one party to another. Hartman (1998) suggests that Canadian contractors use a risk premium between 9% and 19% as part of their contingency plan to alleviate the risks associated with accepting exculpatory clauses. This study was conducted to identify and quantify risk premiums U. S. contractors use to mitigate the risk associated with accepting five exculpatory clauses. These clauses allocate risk for: design errors, differing site conditions, construction errors, risks of payments, no damage for delays. The study also examined the correlation among the contractor's years of experience, company size and percent of self completed work and the contractor's risk premium for each identified risk. Seven research questions were developed for this study. The study compared the bid prices obtained from two groups of contractors/estimators (group A and group B), with different bid packages for the same project. While results of this study indicated that there was no statistically significant difference between bid prices obtained from group A and group B contractors. The results did indicate that there was a reduction in the bid amount of 23% between group A contractors' lump sum prices and group B contractors' lump sum prices. Based on the reported results, an alternative approach was recommended with the goal of reducing project costs. Also, recommendations were made to owners to better control for the identified risks.
Kamm, J D (2017) A study of technological change in the construction industry through understanding the importance of innovation, risk and stakeholder alignment in construction lending, Unpublished PhD Thesis, , Indiana State University.
Mutai, A (2009) Factors influencing the use of building information modeling (BIM) within leading construction firms in the United States of America, Unpublished PhD Thesis, , Indiana State University.
Ohrn, G (2009) The influence of job-order-contracting as a construction project delivery method on owner satisfaction, Unpublished PhD Thesis, , Indiana State University.
Okere, G O (2012) An investigative study of contract administration practices of general contractors on federal and state DOT projects, Unpublished PhD Thesis, , Indiana State University.
Onsarigo, L M (2016) Cost comparison of horizontal auger boring and open-cut construction methods for culvert installations, Unpublished PhD Thesis, , Indiana State University.
Patton, J R (2013) Task diminishment: Construction value loss due to sub-optimal task execution, Unpublished PhD Thesis, , Indiana State University.
Rich, F A (2020) Managing the wear of heavy construction equipment steel track undercarriage by soil sand content, Unpublished PhD Thesis, , Indiana State University.
Sauer, A D (2013) Sustainable building codes: How the perceptions of building code officials influence their intent to adopt the international green construction code, Unpublished PhD Thesis, , Indiana State University.