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Bildsten, L, Björnfot, A and Sandberg, E (2011) Value-driven purchasing of kitchen cabinets in industrialized housing. Journal of Financial Management of Property and Construction, 16(01), 73–83.
Darrington, J W and Howell, G A (2011) Motivation and incentives in relational contracts. Journal of Financial Management of Property and Construction, 16(01), 42–51.
- Type: Journal Article
- Keywords: incentives; psychology; project management
- ISBN/ISSN: 1366-4387
- URL: https://doi.org/10.1108/13664381111116070
- Abstract:
Purpose – Lean projects seek to optimise the project rather than its parts and to maximize value to the customer. To better align the behaviour of project participants with a Lean project delivery model, the purpose of this paper is to argue for compensation structures that better address the economic and non-economic motives that impact project performance. Design/methodology/approach – Social science research increasingly shows that non-economic human motives play a key role in job performance and that they interact in complicated ways with economic incentives. By reviewing and extrapolating from relevant literature, this paper explores certain key non-economic human motives and their impact on project performance, how these non-economic motives interact with economic incentives, and strategies for structuring effective incentives. Findings – The paper identifies certain contract incentive principles that the authors believe should promote non-economic motivation. Research limitations/implications – The paper provides a starting point for further research regarding compatibility of incentives with non-economic motives on Lean projects. In particular, more research is needed on the applicability of the social science findings to corporate entities. Practical implications – The paper suggests that traditional compensation systems are ill-suited to project-optimised behaviour. Originality/value – This paper provides important insight into the problems of traditional compensation systems for construction projects and offers both concepts and strategies that could better align economic incentives with project-optimised behaviour.
Heidemann, A and Gehbauer, F (2011) The way towards cooperative project delivery. Journal of Financial Management of Property and Construction, 16(01), 19–30.
Jose, S-G and Christine, P (2011) Value theory in lean construction. Journal of Financial Management of Property and Construction, 16(01), 8–18.
Louise, B, Anders, B and Erik, S (2011) Value-driven purchasing of kitchen cabinets in industrialised housing. Journal of Financial Management of Property and Construction, 16(01), 73–83.
Pennanen, A, Ballard, G and Haahtela, Y (2011) Target costing and designing to targets in construction. Journal of Financial Management of Property and Construction, 16(01), 52–63.
Perera, S, Davis, S and Marosszeky, M (2011) Head contractor role in construction value-based management: Australian building industry experience. Journal of Financial Management of Property and Construction, 16(01), 31–41.
Zimina, D and Pasquire, C L (2011) Applying lean thinking in commercial management. Journal of Financial Management of Property and Construction, 16(01), 64–72.