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Birnie, J and Yates, A (1991) Cost prediction using decision/risk analysis methodologies. Construction Management and Economics, 9(02), 171-86.

Fellows, R F (1991) Escalation management: forecasting the effects of inflation on building projects. Construction Management and Economics, 9(02), 187-204.

Ibbs, W C (1991) Innovative contract incentive features for construction. Construction Management and Economics, 9(02), 157-69.

  • Type: Journal Article
  • Keywords: construction; contract administration; contract; incentive; risk sharing
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446199100000014
  • Abstract:

    Incentive plans used by owners and contractors can be valuable contract administration tools to enhance project success. This article outlines many of the strategic choices available for designing and administering incentives construction contracts. The project conditions that facilitate use of particular features and some of the pitfalls associated with each are also discussed. Cost effectiveness of incentive plans also estimated, based on empirical experience from a number of plans. The importance of owner sincerity is stressed, as is the indirect impact on project performance because of more disciplined use of project control systems.

Khosrowshahi, F (1991) Simulation of expenditure patterns of construction projects. Construction Management and Economics, 9(02), 113-32.

Newton, S (1991) An agenda for cost modelling research. Construction Management and Economics, 9(02), 97-112.

Ogunlana, S O (1991) Learning from experience in design cost estimating. Construction Management and Economics, 9(02), 133-50.

Singh, S (1991) Cost estimation of prestressed concrete beam and reinforced concrete slab construction. Construction Management and Economics, 9(02), 205-15.

Srinivasan, R and Harris, F C (1991) Lane rental contracting. Construction Management and Economics, 9(02), 151-5.