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Ahmed, M O, El-Adaway, I H and Caldwell, A (2024) Comprehensive understanding of factors impacting competitive construction bidding. Journal of Construction Engineering and Management, 150(04).
Borhani, A, Borhani, A, Dossick, C S and Jupp, J (2024) An ontological analysis for comparison of the concepts of sustainable building and intelligent building. Journal of Construction Engineering and Management, 150(04).
Eissa, R, Nabi, M A and El-Adaway, I H (2024) Risk–reward share allocation under different integrated project delivery relational structures: A monte-carlo simulation and cooperative game theoretic solutions approach. Journal of Construction Engineering and Management, 150(04).
- Type: Journal Article
- Keywords:
- ISBN/ISSN: 0733-9364
- URL: http://doi.org/10.1061/JCEMD4.COENG-13181
- Abstract:
Sharing of risks and rewards is considered to be one of the key benefits and principles of integrated project delivery (IPD). Despite its importance, risk–reward strategies are not implemented widely in IPD construction projects due to the lack of a well-defined basis for establishing adequate allocation plans. This paper fills this knowledge gap. This research followed a multistep methodology. First, the authors calculated the risk control valuations of all potential combinations of coalitions for IPD stakeholders. This was performed using interrelated steps of risk identification and quantification, risk assignment based on associated contractual analysis, establishment of a coordination network, and Monte Carlo simulation. Second, the authors adopted cooperative game theoretic solutions—including Shapely, Owen, and Myerson partition-graph restricted game values—to allocate risk–reward shares for three IPD relational structures. Third, for each IPD relational structure, the authors evaluated the stability and associated negotiation power of coalitions for the IPD stakeholders using the propensity-to-disrupt ratio. Ultimately, the outcomes of this study show that having a multiparty agreement, in which all stakeholders—the owner, designer, contractor, and subcontractor—have open communication channels, creates the most balanced coalition. In this case, all stakeholders have equal willingness to cooperate in the project. Furthermore, as the engagement of the subcontractor in the IPD coalition decreases, the liability and contribution of the contractor increase in terms of project risk control. The latter emphasizes the importance of the technical capabilities of the contractor in the case of restricted subcontractor’s engagement in the project. This research contributes to the body of knowledge by offering a basis for negotiation among various IPD stakeholders in terms of the degree of the subcontractor’s engagement on the one hand and the proportionate share of each stakeholder on the other hand.
Gunduz, M, Sirin, O and Al Nawaiseh, H M (2024) Assessment of critical project success factors for management of pavement construction using the Delphi approach. Journal of Construction Engineering and Management, 150(04).
Guo, W, Lu, W, Kang, F and Zhang, L (2024) How to foster relational behavior in construction projects: Direct and mediating effects of contractual complexity and regulatory focus. Journal of Construction Engineering and Management, 150(04).
Husam, S, Laishram, B and Johari, S (2024) Framework to enhance gender inclusion of workers in construction sites. Journal of Construction Engineering and Management, 150(04).
Ishdorj, S, Ahn, C R and Park, M (2024) Major factors influencing safety knowledge-sharing behaviors of construction field workers: Worker-to-worker level safety communication. Journal of Construction Engineering and Management, 150(04).
Kaya, H D and Dikmen, I (2024) Using system dynamics to support strategic digitalization decisions. Journal of Construction Engineering and Management, 150(04).
Kim, Y and Ham, Y (2024) Revealing the impact of heat radiation on construction: A microclimate simulation using meteorological data and geometric modeling. Journal of Construction Engineering and Management, 150(04).
Lee, K and Hasanzadeh, S (2024) Understanding cognitive anticipatory process in dynamic hazard anticipation using multimodal psychophysiological responses. Journal of Construction Engineering and Management, 150(04).
Ma, S, Li, Z, Li, L, Zhang, S and Zheng, R (2024) Deciphering the key characteristics of on-site industrialized construction: Inspiration from China. Journal of Construction Engineering and Management, 150(04).
Pinheiro Santos Fernandes, P G, Elias Arantes, A and Ferreira Nobre Júnior, E (2024) Optimization model for earthwork allocations considering the construction of multiple haul roads: GIS-based integrated approach. Journal of Construction Engineering and Management, 150(04).
Rizaee, S and Lei, Z (2024) Duration estimation of a heavy industrial scaffolding project: A case study. Journal of Construction Engineering and Management, 150(04).
Salhab, D, Lindhard, S M and Hamzeh, F (2024) Simulation-based approximation of the gain from applying overlapping activities. Journal of Construction Engineering and Management, 150(04).
Vora, C, Aryal, A, Willoughby, S and Wang, C (2024) Investigating stakeholder perception and developing a decision framework for robot adoption in construction. Journal of Construction Engineering and Management, 150(04).
Wong, M O, Zhang, Z and Pan, W (2024) Multiuser virtual reality-enabled collaborative heavy lift planning in construction. Journal of Construction Engineering and Management, 150(04).
Xu, F, Nguyen, T and Du, J (2024) Augmented reality for maintenance tasks with chatgpt for automated text-to-action. Journal of Construction Engineering and Management, 150(04).
Zhang, Y, Xiao, B and Li, X (2024) Integrating virtual reality and consensus models for streamlined built environment design collaboration. Journal of Construction Engineering and Management, 150(04).