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Target Cost Contracting Strategy in Construction: Principles, Practices and Case Studies (Spon Research)

Daniel W.M. Chan, Joseph H.L. Chan




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 | #9085306 in Books |  2016-11-03 | Original language:English |  9.50 x6.50 x.75l,.0 | File type: PDF | 186 pages

||About the Author||Daniel W.M. Chan is Associate Professor in Construction Project Management and the Associate Head (Teaching and Learning) at the Department of Building and Real Estate at The Hong Kong Polytechnic University. He has publis

The problems inherent in the traditional design-bid-build procurement method often lead to the adversarial working relationships within the construction industry. Target cost contracts, accompanied by a gain-share/pain-share arrangement serving as a cost incentive mechanism, have emerged in the United States, the United Kingdom, Australia and Hong Kong with the aim of achieving better value for money and more satisfactory overall project performance under a colla...

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