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Table of Contents
Intro
Foreword by Roger Flanagan
Foreword by Makarand Hastak
Preface
Contents
Editors and Contributors
Part I Conceptualization
1 A Primer of Incentivization in Construction
1 Introduction
2 The Study
2.1 Motivation Theories
2.2 Outcome Targets
2.3 Performance
2.4 Implication on Design of Incentive in Construction
3 A Mapping Framework for Procurement Options and Incentive Arrangement
4 Incentivization in Construction
5 Summary
References
2 Construction Incentivization in Perspective
1 Introduction
2 Types of Incentives Commonly Used in Construction
3 Overview of the Practice of Construction Incentivisation
3.1 Types of Incentive
3.2 Other Notable Observations
4 Theoretical Anchors of Incentivization
4.1 Utility Theory
4.2 Principal Agent Theory
4.3 Prospect Theory
5 Construction Incentivization in Perspective
5.1 An Integrative Framework for CI Design
5.2 Operationalizing the Integrative Framework
5.3 Discussion
6 Summary
References
3 Incentivization or Disincentivisation
1 Introduction
2 Literature Review
3 Using Incentives as Sweetener for contractor's Negotiation Participation
3.1 Case A. Target Cost Contract for Public Water Storage Project
3.2 Case B. Target Cost Contract for Tunnel Building
3.3 Case C. Schedule Incentives for Accelerating the Completion of Revitalization Project
3.4 Case D. Safety Schemes in Residential Construction Project
3.5 Case E. Residential Project with Financial Bonus Scheme
3.6 The Application of Incentives in These Cases
4 Application of Disincentives in Mega Project Management
4.1 Project Particulars
4.2 The Use of Disincentivisation in HZMB Project
4.3 The Project Control Functions of the System
5 The Project Prerequisites for the Use of I/D
5.1 The Project Prerequisites for the Use of Incentivisation
5.2 The Project Prerequisites for the Use of Disincentivisation
6 Summary
References
4 Behavioural Considerations in Construction Incentivization Planning
1 Introduction
2 Examples of Normative Principles
2.1 Principles of Innovation (TRIZ Methodology)
2.2 Principles of Contract Planning
2.3 Risk Allocation Principles
2.4 Characteristics of Normative Principles
3 Construction Incentivization and Project Performance
4 The Behavioural Dimensions of Construction Incentivization
4.1 Equity Gap Between Contracting Parties
4.2 Interorganizational Relationship
5 Testing of Hypotheses
5.1 Structural Equation Modelling
5.2 Importance-Performance Map Analysis
6 Data Analysis
6.1 Data Description
6.2 The Results of PLS-SEM Analysis
7 The Results of ISMA
8 Implications for the Planning of Behaviour-Based CI
9 Summary
Appendix: Data Collection Form and Descriptions
References
Foreword by Roger Flanagan
Foreword by Makarand Hastak
Preface
Contents
Editors and Contributors
Part I Conceptualization
1 A Primer of Incentivization in Construction
1 Introduction
2 The Study
2.1 Motivation Theories
2.2 Outcome Targets
2.3 Performance
2.4 Implication on Design of Incentive in Construction
3 A Mapping Framework for Procurement Options and Incentive Arrangement
4 Incentivization in Construction
5 Summary
References
2 Construction Incentivization in Perspective
1 Introduction
2 Types of Incentives Commonly Used in Construction
3 Overview of the Practice of Construction Incentivisation
3.1 Types of Incentive
3.2 Other Notable Observations
4 Theoretical Anchors of Incentivization
4.1 Utility Theory
4.2 Principal Agent Theory
4.3 Prospect Theory
5 Construction Incentivization in Perspective
5.1 An Integrative Framework for CI Design
5.2 Operationalizing the Integrative Framework
5.3 Discussion
6 Summary
References
3 Incentivization or Disincentivisation
1 Introduction
2 Literature Review
3 Using Incentives as Sweetener for contractor's Negotiation Participation
3.1 Case A. Target Cost Contract for Public Water Storage Project
3.2 Case B. Target Cost Contract for Tunnel Building
3.3 Case C. Schedule Incentives for Accelerating the Completion of Revitalization Project
3.4 Case D. Safety Schemes in Residential Construction Project
3.5 Case E. Residential Project with Financial Bonus Scheme
3.6 The Application of Incentives in These Cases
4 Application of Disincentives in Mega Project Management
4.1 Project Particulars
4.2 The Use of Disincentivisation in HZMB Project
4.3 The Project Control Functions of the System
5 The Project Prerequisites for the Use of I/D
5.1 The Project Prerequisites for the Use of Incentivisation
5.2 The Project Prerequisites for the Use of Disincentivisation
6 Summary
References
4 Behavioural Considerations in Construction Incentivization Planning
1 Introduction
2 Examples of Normative Principles
2.1 Principles of Innovation (TRIZ Methodology)
2.2 Principles of Contract Planning
2.3 Risk Allocation Principles
2.4 Characteristics of Normative Principles
3 Construction Incentivization and Project Performance
4 The Behavioural Dimensions of Construction Incentivization
4.1 Equity Gap Between Contracting Parties
4.2 Interorganizational Relationship
5 Testing of Hypotheses
5.1 Structural Equation Modelling
5.2 Importance-Performance Map Analysis
6 Data Analysis
6.1 Data Description
6.2 The Results of PLS-SEM Analysis
7 The Results of ISMA
8 Implications for the Planning of Behaviour-Based CI
9 Summary
Appendix: Data Collection Form and Descriptions
References