Empirical study of the risks and difficulties in implementing guaranteed maximum price and target cost contracts in construction

Journal of Construction Engineering and Management

Volumn 136, Issue 5, 2010, Pages 495-507

  Chan, Daniel W M ^a   Chan, Albert P C ^a   Lam, Patrick T I ^a   Wong, James M W ^b  

^a HONG KONG POLYTECHNIC UNIVERSITY   (Hong Kong)

^b UNIVERSITY OF HONG KONG   (Hong Kong)

Author keywords

Construction management; Contracts; Costs; Difficulties; Guaranteed maximum price; Hong Kong; Pitfalls; Pricing; Risk management; Risks; Target cost contracting

Indexed keywords

CONSTRUCTION MANAGEMENT; DIFFICULTIES; GUARANTEED MAXIMUM PRICE; GUARANTEED MAXIMUM PRICES; HONG-KONG; TARGET COST;

CONSTRUCTION INDUSTRY; CONTRACTORS; PROJECT MANAGEMENT; RISK MANAGEMENT; STATISTICAL TESTS; SURVEYS; TARGETS;

COSTS;

EID: 77951289847     PISSN: 07339364     EISSN: None     Source Type: Journal    
DOI: 10.1061/(ASCE)CO.1943-7862.0000153     Document Type: Article

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