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Kelly, J and Hunter, K (2002) Using value management techniques to set up partnering agreements. In: Greenwood, D (Ed.), Proceedings 18th Annual ARCOM Conference, 2-4 September 2002, Northumbria, UK. Association of Researchers in Construction Management, Vol. 2, 699–708.
- Type: Conference Proceedings
- Keywords: partnering; value management
- ISBN/ISSN: 0 9534161 7 8
- URL: http://www.arcom.ac.uk/-docs/proceedings/ar2002-699-708_Kelly_and_Hunter.pdf
- Abstract:
The primary issues associated with partnering are reviewed and a research proposition examined. The research proposition is that where the activity of the setting up of a partnering agreement is seen to be a project then the structured team based techniques of value management provide an effective and efficient means of formulating the partnering agreement. The paper outlines a funded action research project, which describes the method of compilation of specific value management techniques conducive to a partnering workshop. A definition of partnering for the purposes of this paper is; the achievement of a strategic or tactical objective by engaging with other organizations on the basis of; a clear understanding of each party’s commercial and social objectives, with co-operative decision making, using a common feedback structure, to facilitate continuous improvement. A partnership is characterized by trust amongst the parties together with risk sharing.