Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/2367
DC Field | Value | Language |
---|---|---|
dc.contributor | Department of Building and Real Estate | - |
dc.creator | Chan, DWM | - |
dc.creator | Chan, APC | - |
dc.creator | Lam, TIP | - |
dc.creator | Lam, WME | - |
dc.creator | Wong, JMW | - |
dc.date.accessioned | 2014-12-11T08:29:08Z | - |
dc.date.available | 2014-12-11T08:29:08Z | - |
dc.identifier.issn | 1366-4387 | - |
dc.identifier.uri | http://hdl.handle.net/10397/2367 | - |
dc.language.iso | en | en_US |
dc.publisher | Emerald Group Publishing Limited | en_US |
dc.rights | Journal of Financial Management of Property and Construction ? Emerald Group Publishing Limited, Glasgow Caledonian University. | en_US |
dc.subject | Guaranteed maximum price | en_US |
dc.subject | Target cost contracting | en_US |
dc.subject | Procurement strategies | en_US |
dc.subject | Interview survey | en_US |
dc.subject | Hong Kong | en_US |
dc.title | Evaluating guaranteed maximum price and target cost contracting strategies in Hong Kong construction industry | en_US |
dc.type | Journal/Magazine Article | en_US |
dc.description.otherinformation | Title used in this publication: Evaluating guaranteed maximum price (GMP) and target cost contracting (TCC) strategies in Hong Kong construction industry | en_US |
dc.description.otherinformation | Author name used in this publication: Patrick T. I. Lam | en_US |
dc.description.otherinformation | Author name used in this publication: Edmond W. M. Lam | en_US |
dc.identifier.spage | 139 | - |
dc.identifier.epage | 149 | - |
dc.identifier.volume | 12 | - |
dc.identifier.issue | 3 | - |
dc.identifier.doi | 10.1108/13664380780001100 | - |
dcterms.abstract | Guaranteed maximum price (GMP) and target cost contracting (TCC) with a pain-share/gain-share arrangement have been adopted to integrate the construction delivery process and motivate service providers to seek continuous improvements in project outcomes. However, there is still a lack of research evidence to evaluate the levels of success and lessons learned from these innovative procurement strategies. Based on the analysis of a series of in-depth interviews on the perceptions of various relevant experienced industrial practitioners, this paper aims to explore the key attributes of GMP/TCC including the underlying motives, perceived benefits, potential difficulties, critical success factors, key risk factors involved and optimal project conditions for adopting GMP/TCC. The research findings are useful in assisting key project stakeholders in minimising the detriments brought about by potential difficulties in and maximising the benefits derived from implementing GMP/TCC concepts. The study is also significant in contributing to new knowledge and practical information of GMP/TCC applications and implementation, in both a national and international context. | - |
dcterms.accessRights | open access | en_US |
dcterms.bibliographicCitation | Journal of financial management of property and construction, 2007, v. 12, no. 3, p.139-149 | - |
dcterms.isPartOf | Journal of financial management of property and construction | - |
dcterms.issued | 2007-12 | - |
dc.identifier.eissn | 1759-8443 | - |
dc.identifier.rosgroupid | r35950 | - |
dc.description.ros | 2007-2008 > Academic research: refereed > Publication in refereed journal | - |
dc.description.oa | Accepted Manuscript | en_US |
dc.identifier.FolderNumber | OA_IR/PIRA | en_US |
dc.description.pubStatus | Published | en_US |
Appears in Collections: | Journal/Magazine Article |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
PolyU IR Submission 2010_JFMPC_2.pdf | Pre-published version | 668.6 kB | Adobe PDF | View/Open |
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