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 asymmetry as well as attendant costs.

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 methodology that is demonstrably effective and can be useful for...

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 of these keywords in contracts for different delivery methods.

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.

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.