Overcoming information asymmetry in the construction industry based on open and closed contractor activity data
The purpose of the research is to find measures to reduce information asymmetry which significantly affects the relationship between customer and contractor, leading to higher prices for construction work and enhanced opportunism. The most effective level of interaction is ethical, as it significantly reduces information...
The promotion of more collaborative environments stands front and center as a solution to the industry problems by promoting, via contractual terms, collaborative behaviors and processes. This study investigates the language of construction contracts by identifying keywords commonly associated with collaboration and comparing the incidence...
Prevailing project procurement processes and strategies are thought to be the root cause for many of the reported criticisms of the construction industry, such as lack of trust and collaboration and short term adversarial and transactional relationships. This study uses an integrated grounded theory case-study...
The influence of trust in traditional contracting: investigating the "lived experience" of stakeholders
Contractual design encourages stakeholders to defend their own individual interest to the likely detriment of project objectives. These failings are not disputed, however, given that trust is a fundamental requirement for human interaction the influence of trust is potentially important in terms of stakeholder relationships...
It is unclear why royalties are the dominant mode of payment in contracts over the trade of pre-commercial technology. In this paper, the authors evaluate possible reasons for including royalties in a contract using a dataset of 645 contracts.
The findings and arguments presented in this paper are based on a variety of data including face to face interviews with clothing industry, government and union representatives.
This paper identifies a set of reform proposals that the NSW government is considering, designed to strengthen protections for consumers buying property off-the-plan.
Determining viable contract-for-difference prices and revenue receipts for Gatton solar research facility
In this paper, we investigate the role that a Contract-for-Difference (CFD) feed-in tariff might play in underpinning increased investment in renewable energy in Australia.
This paper aims to identify the issues at stake in rail contract negotiations and to suggest improvements to existing contracts to protect the public interest.
This report identifies a number of important issues surrounding government procurement and makes recommendations with regard to the better provision of government infrastructure in the future.