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Ahmed, H I (2023) Mechanical Behavior, Microstructure, and Chloride-Penetration Resistance of Glass Waste Nanopowder Magnetic Concrete. Journal of Construction Engineering and Management, 149(01).
Amies, P, Jin, X and Senaratne, S (2023) Systematic Literature Review on Success Criteria for Dam Engineering Projects. Journal of Construction Engineering and Management, 149(01).
Barkokebas, B, Al-Hussein, M and Hamzeh, F (2023) Assessment of Digital Twins to Reassign Multiskilled Workers in Offsite Construction Based on Lean Thinking. Journal of Construction Engineering and Management, 149(01).
Hosseinian, S M and Tavakoli, M (2023) Markets, Hierarchies, or Hybrids as Alternative Governance Structures in Construction Contracts: Transaction Cost Economics Analysis. Journal of Construction Engineering and Management, 149(01).
- Type: Journal Article
- Keywords: Project governance; Transaction cost economics; Construction; Contracts; Delivery;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0002426
- Abstract:
Transaction cost economics is attracting considerable attention for establishing governance structures in institutions based on the so-called transaction dimensions (specificity, uncertainty, and frequency). However, few studies have looked at project governance based on transaction dimensions in construction. This research remedies this gap by providing an in-depth evaluation of the effect of transaction dimensions on the choice of project delivery and contract mechanism of a set of 84 construction projects. The study adopts data analysis through the Delphi method with the support of multinomial logistic and binary logistic regressions. The results support transaction cost economics for design-build versus design-bid-build and relational versus nonrelational choices. The results also show that project specificity is the primary driver in choosing project governance. This study gives empirical evidence for applying transaction cost economics in construction management. The research contributes to a further understanding of the choice between markets, hierarchies, or hybrids as alternative governance structures in construction projects.
Hu, F, Liao, R and Chen, J (2023) Calculation Methods to Optimize the Number of Pedestals and Evaluate Production Plans for Precast Yards Fabricating Prestressed Bridge Beams and Precast Segments for Poststressed Segmental Erection. Journal of Construction Engineering and Management, 149(01).
John, S T, Sarkar, P and Davis, R (2023) A Long-Range Wide-Area Network System for Monitoring Early-Age Concrete Compressive Strength. Journal of Construction Engineering and Management, 149(01).
Khalef, R and El-adaway, I H (2023) Identifying Design-Build Decision-Making Factors and Providing Future Research Guidelines: Social Network and Association Rule Analysis. Journal of Construction Engineering and Management, 149(01).
Lee, D, Wen, L, Choi, J O and Lee, S (2023) Sensor-Integrated Hybrid Blockchain System for Supply Chain Coordination in Volumetric Modular Construction. Journal of Construction Engineering and Management, 149(01).
Liang, R, Xue, Z and Chong, H (2023) Risk Evaluation of Logistics Park Projects’ Lifecycle during the COVID-19 Pandemic: Failure Mode and Effects Analysis. Journal of Construction Engineering and Management, 149(01).
Liu, T, Mao, Y and Lu, S (2023) Fostering Participants’ Collaborative Innovation Performance in Megaprojects: The Effects of Perceived Partners’ Non-Mediated Power. Journal of Construction Engineering and Management, 149(01).
Lohne, J, Klakegg, O J and Lædre, O (2023) Understanding the Potential for Criminal Activity in the Norwegian AEC Industry: A Building Process Perspective. Journal of Construction Engineering and Management, 149(01).
Mei, X, Zhou, X, Xu, F and Zhang, Z (2023) Human Intrusion Detection in Static Hazardous Areas at Construction Sites: Deep Learning–Based Method. Journal of Construction Engineering and Management, 149(01).
Murguia, D, Vasquez, C, Demian, P and Soetanto, R (2023) BIM Adoption among Contractors: A Longitudinal Study in Peru. Journal of Construction Engineering and Management, 149(01).
Okpala, I, Nnaji, C and Gambatese, J (2023) Assessment Tool for Human–Robot Interaction Safety Risks during Construction Operations. Journal of Construction Engineering and Management, 149(01).
Ryu, J, Banting, B, Abdel-Rahman, E and Haas, C T (2023) Ergonomic Characteristics of Expert Masons. Journal of Construction Engineering and Management, 149(01).
Suárez, J L, Gosselin, L and Lehoux, N (2023) Optimizing Modularity of Prefabricated Residential Plumbing Systems for Construction in Remote Communities. Journal of Construction Engineering and Management, 149(01).
Wang, J, Zhang, S, Fenn, P, Luo, X, Liu, Y and Zhao, L (2023) Adopting BIM to Facilitate Dispute Management in the Construction Industry: A Conceptual Framework Development. Journal of Construction Engineering and Management, 149(01).
Wang, P, Wang, K, Huang, Y, Zhu, J, Fenn, P and Zhang, Y (2023) Payment Issues in China’s Construction Industry: Nature, Causes, and a Predictive Model. Journal of Construction Engineering and Management, 149(01).
Wang, T and Feng, J (2023) Optimal Review Strategy for Concurrent Execution of Design–Construction Tasks in DB Mode. Journal of Construction Engineering and Management, 149(01).
Yang, W, Zhang, F, Wang, H, Wu, J, Nie, Z and Li, L (2023) Synchronous Control Theory and First Test of Time-Varying Upper Operation and Chassis Attitude Maintenance for Truck Cranes. Journal of Construction Engineering and Management, 149(01).
Zeng, N, Liu, Y and König, M (2023) 4D BIM-Enabled Look-Ahead Scheduling for Early Warning of Off-Site Supply Chain Disruptions. Journal of Construction Engineering and Management, 149(01).
Zhang, X, Liu, T, Rahman, A and Zhou, L (2023) Blockchain Applications for Construction Contract Management: A Systematic Literature Review. Journal of Construction Engineering and Management, 149(01).