Construction Contract Incentivisation Schemes - Lessons from Experience

Download or read book Construction Contract Incentivisation Schemes - Lessons from Experience written by D. Richmond-Coggan and published by . This book was released on 2001-04 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is little published material available in the UK on the incentivisation of contracts. This factor coincided with CIRIA's response to the increasing concern within the construction industry of the pressure on pricing using traditional tendering processes, with the consequent impact on the time and quality aspects of projects. The rise of the claims culture had led to conflict between clients and contractors, with winners and losers emerging. A study on the incentivization of contracts was not intended to seek a panacea but rather to provide an alternative procurement route when more traditional methods were likely to create potential conflicts - with subsequent detrimental effects on the overall success of the project.