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Barot, B (2002) Growth and business cycles for the Swedish economy. Journal of Construction Research, 3(02), 217–53.

Chan, E H W and Chan, A T S (2002) Development of professional system in the construction industry of China. Journal of Construction Research, 3(02), 271–84.

Devapriya, K A K and Pretorius, F (2002) The economic implication of project finance arrangements for BOO/BOT power projects in Asia. Journal of Construction Research, 3(02), 285–309.

English, J (2002) The communication problems experienced by workforce on site, and their possible solutions. Journal of Construction Research, 3(02), 311–21.

Love, P E D, Tse, R Y C, Holt, G D and Proverbs, D G (2002) Transaction Costs, Learning, and Alliances. Journal of Construction Research, 3(02), 193–207.

  • Type: Journal Article
  • Keywords: learning alliance; transaction costs; bounded rationality; opportunism
  • ISBN/ISSN: 1609-9451
  • URL: http://www.worldscinet.com/jcr/03/0302/S1609945102000199.html
  • Abstract:
    Alliances in construction, whether in the form of partnering arrangements or strategic commercial relationships, provide a mechanism that can improve inter-organizational relations and project performance. Alliances help construction organizations to achieve their business objectives through collaborative, harmonious commercial relationships. The key to gaining competitive advantage and improving customer satisfaction lies in the ability of construction organizations to form such cooperative "learning" alliances. Essentially, these long should be long term strategic partnerships, which engender an environment to enable mutual and reflective learning (between organizations). It is proffered that cooperative learning alliances enable construction organizations to better consider business decisions that are influenced by this learning climate (bounded rationality), and make best use of the information (opportunism) they encounter. These two concepts impact considerably on transaction costs within organizations. Thus, if construction organizations utilize a mechanism to best capitalize on these facets, then more efficient internal governance structures result. This can be achieved, through cooperative learning where ideas, objectives and mission are shared between alliance partners. To demonstrate the effectiveness of cooperative learning alliances, a case study is used to explore their impact on transaction costs.

Shen, L-Y, Wu, M and Wang, J Y (2002) A model for assessing the feasibility of construction project in contributing to the attainment of sustainable development. Journal of Construction Research, 3(02), 255–69.

Woodhead, R M and Downs, C G (2002) Facilitation as a research method to improve value management capabilities. Journal of Construction Research, 3(02), 209–16.