Exploring governance issues on collaborative contracts in the construction industry

Chen, Le, Manley, Karen, & Lewis, Joanne (2012) Exploring governance issues on collaborative contracts in the construction industry. In Shen, Geoffrey Q.P., Ma, Qingguo, Chung, Jacky K.H., & Yu, Ann T.W. (Eds.) Proceedings of International Conference on Value Engineering and Management, The Hong Kong Polytechnic University, Hong Kong Polytechnic University, Hong Kong, pp. 65-70.

Abstract

This paper reports the findings of an in-depth literature review, which was designed as the first phase of a study that ultimately aims to rank the importance of key governance mechanisms on collaborative construction projects, in terms of impact on value-for-money. The absence of such information in the global knowledge base has prompted the current study. Seminal research completed recently concluded that deductive evidence with regard to the performance outcomes of collaborative procurement mechanisms is currently limited (Eriksson and Westerberg 2011). The authors aim to address this gap in current understanding.

The literature review identifies key features of both formal and informal mechanisms which have been applied within collaborative contracting contexts. The literature review lays a solid foundation for designing a deductive research strategy to be implemented in the second phase of the study, which will employ a large-scale quantitative survey to shed light on the governance structures of collaborative contracts, and the ways in which they impact on realisation of VfM during project delivery in the Australian infrastructure industry. The current paper aims to identify the main categories of formal and informal governance mechanisms currently being employed globally. This will provide structure for the development of the survey in the second phase of the study.

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ID Code: 57887
Item Type: Conference Paper
Refereed: Yes
Keywords: Collaborative contracts, Governance structures, Governance mechanisms, Value for money, Infrastructure projects, Proceedings of the International Conference on Value Engineering and Management, December 6-7, 2012. Hong Kong: Hong Kong Polytechnic University
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Funding:
Copyright Owner: Copyright 2012 [please consult the author]
Deposited On: 11 Mar 2013 22:22
Last Modified: 12 Sep 2016 01:06

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