publication . Doctoral thesis . 2015

Complexity, Contract Design and Incentive Design in the Construction Management Industry

Beg, Zeshawn Afsari;
Open Access English
  • Published: 01 Jan 2015
  • Publisher: Harvard University
  • Country: United States
Abstract
In this paper I examine how one construction management company uses contract design and incentive design to respond to aspects of task complexity and relationship complexity present in its construction projects. In terms of contract design, I find that the company is unable to increase its use of cost-plus pricing when faced with technically complex projects. Instead, the company uses increased pre-execution design modification and price markups when technically complex projects are contracted with fixed-pricing. Further, I find that design modification is only margin-improving when used in projects that are both technically complex and fixed-price and that pri...
Subjects
free text keywords: Business Administration, Accounting
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