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Cheah, C Y J and Liu, J (2005) Real option evaluation of complex infrastructure projects: the case of Dabhol Power in India. Journal of Financial Management of Property and Construction, 10(01), 55–68.
Emsley, M (2005) A benefits analysis of partnering: a case study of a Community Primary School. Journal of Financial Management of Property and Construction, 10(01), 69–80.
Francis, A and Skitmore, M (2005) Risk Management within the electrical distribution supply industry in South East Queensland. Journal of Financial Management of Property and Construction, 10(01), 45–54.
Lowe, D J and Leiringer, R (2005) Commercial management in project-based organisations. Journal of Financial Management of Property and Construction, 10(01), 3–18.
McDermott, P, Khalfan, M and Swan, W (2005) Trust in construction projects. Journal of Financial Management of Property and Construction, 10(01), 19–32.
- Type: Journal Article
- Keywords: Trust; construction; culture; teams; procurement
- ISBN/ISSN: 1366-4387
- URL: https://doi.org/10.1108/13664380580001061
- Abstract:
Trust is described as an elusive concept (Gambetta 1988), difficult to describe, understand and, therefore, manage. The Trust in Construction project undertook 6 exploratory case studies, of which 4 are presented in this paper, in order to understand how trust is formed, and the impact this has on project performance. The authors propose a model of the different forms of trust and the drivers and barriers to its development, derived through the case studies conducted. Through this model different approaches are identified that can either manage trust directly, or mitigate the factors that may cause its breakdown within project teams. The research focuses on the role of the commercial manger, the role of procurement mechanisms and the tools that are available to manage issues of project, commercial and relationship uncertainty, such as open book arrangements or partnering workshops, and sees how they can drive the level of trust within the project team. Based on both literature and experience of the case studies, the model identifies the risks to the development of trust and how they may be addressed. The paper also presents the trust inventory, developed during the case studies.
Smyth, H (2005) Procurement push and marketing pull in supply chain management: the conceptual contribution of relationship marketing as a driver in project financial performance. Journal of Financial Management of Property and Construction, 10(01), 33–44.