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Arditi, D and Balci, G (2009) Managerial Competencies of Female and Male Construction Managers. Journal of Construction Engineering and Management, 135(11), 1275–8.
Cable, J K, Jaselskis, E J, Walters, R C, Li, L and Bauer, C R (2009) Stringless Portland Cement Concrete Paving. Journal of Construction Engineering and Management, 135(11), 1253–60.
Caerteling, J S, Halman, J I M, Song, M and Dorée, A G (2009) Impact of Government and Corporate Strategy on the Performance of Technology Projects in Road Construction. Journal of Construction Engineering and Management, 135(11), 1211–21.
Chan, A P C, Chan, D W M and Yeung, J F Y (2009) Overview of the Application of “Fuzzy Techniques” in Construction Management Research. Journal of Construction Engineering and Management, 135(11), 1241–52.
Chan, A P C, Lam, P T I, Chan, D W M, Cheung, E and Ke, Y (2009) Drivers for Adopting Public Private Partnerships—Empirical Comparison between China and Hong Kong Special Administrative Region. Journal of Construction Engineering and Management, 135(11), 1115–24.
Chen, C and Orr, R J (2009) Chinese Contractors in Africa: Home Government Support, Coordination Mechanisms, and Market Entry Strategies. Journal of Construction Engineering and Management, 135(11), 1201–10.
Chen, H L (2009) Model for Predicting Financial Performance of Development and Construction Corporations. Journal of Construction Engineering and Management, 135(11), 1190–200.
El-Rayes, K and Jun, D H (2009) Optimizing Resource Leveling in Construction Projects. Journal of Construction Engineering and Management, 135(11), 1172–80.
Goh, Y M and Chua, D K H (2009) Case-Based Reasoning for Construction Hazard Identification: Case Representation and Retrieval. Journal of Construction Engineering and Management, 135(11), 1181–9.
Gransberg, D D and Riemer, C (2009) Impact of Inaccurate Engineer’s Estimated Quantities on Unit Price Contracts. Journal of Construction Engineering and Management, 135(11), 1138–45.
Lee, H, Seo, J, Park, M, Ryu, H and Kwon, S (2009) Transaction-Cost-Based Selection of Appropriate General Contractor-Subcontractor Relationship Type. Journal of Construction Engineering and Management, 135(11), 1232–40.
- Type: Journal Article
- Keywords: Subcontracting; Costs; Theories; Profits; Construction industry;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000086
- Abstract:
Relationships between general contractors and subcontractors are generally formed on a project-by-project basis. However, because of the competitive nature of the construction industry, this traditional arrangement can result in adversarial relationships between general contractors and subcontractors, which can jeopardize potential or ongoing collaborative construction plans. To avoid this problem, close, long-term relationships between general contractors and subcontractors, as in strategic partnerships, must be established. Unfortunately, forming and sustaining such relationships can be time-consuming and cost-intensive. Furthermore, this type of relationship does not necessarily enhance cooperation or work performance. For contractors to successfully establish effective partnerships with their subcontractors, they must select the appropriate relationship by considering the different characteristics of the subcontracted work involved. Based on transaction cost theory, the findings of this study show that transaction costs incurred by general contractors and subcontractors vary according to the type of relationship established. Therefore, for the purpose of comparing transaction costs incurred in both competitive and partnership relationships, transaction-cost-based profit models for both general contractors and subcontractors are developed, respectively, for each relationship type. As well, by applying different strategies to maximize profits in each relationship, and by simulating the parameters affecting the nature of the subcontracted work, the conditions and relationships under which general contractors’ profits are optimized have been determined. Finally, based on simulation, practical guidelines for choosing the most appropriate relationship type are proposed.
Park, M, Ji, S, Lee, H and Kim, W (2009) Strategies for Design-Build in Korea Using System Dynamics Modeling. Journal of Construction Engineering and Management, 135(11), 1125–37.
Park, S H (2009) Whole Life Performance Assessment: Critical Success Factors. Journal of Construction Engineering and Management, 135(11), 1146–61.
Park, T, Kim, M K, Kim, C and Kim, H (2009) Interactive 3D CAD for Effective Derrick Crane Operation in a Cable-Stayed Bridge Construction. Journal of Construction Engineering and Management, 135(11), 1261–70.
San Cristóbal, J R (2009) Time, Cost, and Quality in a Road Building Project. Journal of Construction Engineering and Management, 135(11), 1271–4.
Wethyavivorn, P, Charoenngam, C and Teerajetgul, W (2009) Strategic Assets Driving Organizational Capabilities of Thai Construction Firms. Journal of Construction Engineering and Management, 135(11), 1222–31.
Zahraie, B and Tavakolan, M (2009) Stochastic Time-Cost-Resource Utilization Optimization Using Nondominated Sorting Genetic Algorithm and Discrete Fuzzy Sets. Journal of Construction Engineering and Management, 135(11), 1162–71.