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Edkins, A J and Smyth, H J (2006) The imperative of trust in PPPs: evaluations from the provision of ‘full service’ contracts. Journal of Construction Procurement, 12(01).
Greenwood, D J and Yates, D J (2006) The determinants of successful partnering: a transaction cost perspective. Journal of Construction Procurement, 12(01).
- Type: Journal Article
- Keywords: case study; conflict and dispute avoidance; partnering; transaction cost economics
- ISBN/ISSN:
- URL: http://www.journalofconstructionprocurement.com/abstractdetails.asp?id=131
- Abstract:
Support is emerging for the assertion that partnering can have a significant beneficial influence on project relationships and project outcomes. However, not all of the evidence bears this out: there are some examples of less-than-successful experiments with partnering approaches. Questions quite naturally arise as to whether any particular elements or aspects of partnering have differed in some of the documented examples, thus giving rise to their relative success or failure. In order to answer such questions there is a need for a theoretical framework against which to analyse the relative performance of partnering projects. In this paper, the authors propose an approach based upon aspects of Transaction Cost Economics (TCE) theory. It is argued that two main factors, contractual incompletedness and opportunism, are fundamental in determining whether project relationships are adversarial or not. The validity of the approach is examined by applying it retrospectively to a strategic partnering agreement involving more than 80 individual building projects. This agreement had been the subject of a four-year study and had been found to produce benefits in a number of areas, not least in the avoidance of conflict and disputes. After analysis, evidence for the reduction of contractual incompletedness was mixed, however the opportunistic inclinations of the participants (specifically, the contractors) were effectively attenuated by a clearly observable combination of factors, which included pre-selection criteria, and the use of appropriate management and commercial frameworks in which to operate. The case study suggests a prima facie validity to the analytical approach that was adopted, which merits further testing: the next stages being to develop and refine the framework, and to carry out comparative multi-case research on a number of different partnering projects.
Hassanein, A A G and Afify, H M F (2006) Contractors' risk identification behaviour: a case study. Journal of Construction Procurement, 12(01).
Ibrahim, A D, Price, A D F and Dainty, A R J (2006) An analysis of success factors for public private partnerships in infrastructure projects in Nigeria. Journal of Construction Procurement, 12(01).
Khalfan, M M A and McDermott, P (2006) Once unthought, now the best practice within the construction sector. Journal of Construction Procurement, 12(01).
Lam, E W M, Chan, A P C and Chan, D M W (2006) Drivers for design-build applications in the public sector of Hong Kong. Journal of Construction Procurement, 12(01).
Morledge, R and Adnan, H (2006) Critical Success Factors in Construction Joint Venture Projects in Malaysia. Journal of Construction Procurement, 12(01).
Ross, A D and Goulding, J S (2006) The construction estimator’s approach to the collection and assessment of supply chain price information. Journal of Construction Procurement, 12(01).