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- Publisher Website: 10.1061/(ASCE)0742-597X(2004)20:4(178)
- Scopus: eid_2-s2.0-14744288182
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Article: Potential for implementing relational contracting and joint risk management
Title | Potential for implementing relational contracting and joint risk management |
---|---|
Authors | |
Keywords | Contracts Hong Kong Partnerships Procurement Risk Management Selection Teamwork |
Issue Date | 2004 |
Publisher | American Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/me.html |
Citation | Journal of Management in Engineering, 2004, v. 20 n. 4, p. 178-189 How to Cite? |
Abstract | This paper focuses on the outcomes of the second survey in a broad Hong Kong-based study on joint risk management (JRM) through relational contracting (RC). The questionnaire survey itself focused on issues relating to the formation of a coalesced team for JRM at the postcontract stage, comprising owners, consultants, contractors, subcontractors, and suppliers, Results indicate the greater importance of more relational, trust, and joint responsibility-related factors in general, both for selecting different parties and for building a successful relational contract. While some differences in group perceptions emerge, respondents recommend mobilizing project participants at earlier stages of projects, that is, mostly before the contract award, and they strongly support the JRM option for managing various unforeseen risks. Respondents also suggest adjustment/extension of contract provisions for managing unforeseen events, indicating emerging preferences for flexibility in contracts. All these are indicative of a perceived trend toward more RC, teamworking, and collaborative working environments. © ASCE. |
Persistent Identifier | http://hdl.handle.net/10722/150280 |
ISSN | 2023 Impact Factor: 5.3 2023 SCImago Journal Rankings: 1.475 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Rahman, MM | en_US |
dc.contributor.author | Kumaraswamy, MM | en_US |
dc.date.accessioned | 2012-06-26T06:02:59Z | - |
dc.date.available | 2012-06-26T06:02:59Z | - |
dc.date.issued | 2004 | en_US |
dc.identifier.citation | Journal of Management in Engineering, 2004, v. 20 n. 4, p. 178-189 | en_US |
dc.identifier.issn | 0742-597X | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/150280 | - |
dc.description.abstract | This paper focuses on the outcomes of the second survey in a broad Hong Kong-based study on joint risk management (JRM) through relational contracting (RC). The questionnaire survey itself focused on issues relating to the formation of a coalesced team for JRM at the postcontract stage, comprising owners, consultants, contractors, subcontractors, and suppliers, Results indicate the greater importance of more relational, trust, and joint responsibility-related factors in general, both for selecting different parties and for building a successful relational contract. While some differences in group perceptions emerge, respondents recommend mobilizing project participants at earlier stages of projects, that is, mostly before the contract award, and they strongly support the JRM option for managing various unforeseen risks. Respondents also suggest adjustment/extension of contract provisions for managing unforeseen events, indicating emerging preferences for flexibility in contracts. All these are indicative of a perceived trend toward more RC, teamworking, and collaborative working environments. © ASCE. | en_US |
dc.language | eng | en_US |
dc.publisher | American Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/me.html | en_US |
dc.relation.ispartof | Journal of Management in Engineering | en_US |
dc.subject | Contracts | en_US |
dc.subject | Hong Kong | en_US |
dc.subject | Partnerships | en_US |
dc.subject | Procurement | en_US |
dc.subject | Risk Management | en_US |
dc.subject | Selection | en_US |
dc.subject | Teamwork | en_US |
dc.title | Potential for implementing relational contracting and joint risk management | en_US |
dc.type | Article | en_US |
dc.identifier.email | Kumaraswamy, MM: mohan@hkucc.hku.hk | en_US |
dc.identifier.authority | Kumaraswamy, MM=rp00126 | en_US |
dc.description.nature | link_to_OA_fulltext | en_US |
dc.identifier.doi | 10.1061/(ASCE)0742-597X(2004)20:4(178) | en_US |
dc.identifier.scopus | eid_2-s2.0-14744288182 | en_US |
dc.identifier.hkuros | 105723 | - |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-14744288182&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 20 | en_US |
dc.identifier.issue | 4 | en_US |
dc.identifier.spage | 178 | en_US |
dc.identifier.epage | 189 | en_US |
dc.identifier.isi | WOS:000228245500007 | - |
dc.publisher.place | United States | en_US |
dc.identifier.scopusauthorid | Rahman, MM=35570458800 | en_US |
dc.identifier.scopusauthorid | Kumaraswamy, MM=35566270600 | en_US |
dc.identifier.issnl | 0742-597X | - |