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Arditi, D and Gutierrez, A E (1991) Performance of US contractors in foreign markets. Construction Management and Economics, 9(05), 431-49.

Rosenfeld, Y and Geltner, D (1991) Cost-plus and incentive contracting: some false benefits and inherent drawbacks. Construction Management and Economics, 9(05), 481-92.

  • Type: Journal Article
  • Keywords: cash-flow; contract; cost-plus ; procurement; scheduling; uncertainty
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446199100000036
  • Abstract:

    Two problems associated with cost-plus and incentive contracts in the construction industry are discussed; the financial costs of an earlier construction start through the use of a ’fast tracked’ design - build cycle, and the counter productive effects of the ’adverse selection’ of competing construction firms that must occur in a cost plus or incentive contract environment. Though they stem from basic economic principles these problems are often ignored in the conventional wisdom. The authors argue that the demonstration of these serious, commonly overlooked drawbacks should result in a decrease in the use of cost-plus or incentive contracts.

Russell, A D and Ranasinghe, M (1991) Decision framework for fast-track construction: a deterministic analysis. Construction Management and Economics, 9(05), 467-79.

Skitmore, M R (1991) The construction contract bidder homogeneity assumption: an empirical test. Construction Management and Economics, 9(05), 403-29.

Uwakweh, B O and Maloney, W F (1991) Conceptual model for manpower planning for the construction industry in developing countries. Construction Management and Economics, 9(05), 451-65.