Trust In Construction Projects

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Trust In Construction Projects

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Author : Anita Cerić
language : en
Publisher: Routledge
Release Date : 2015-12-14

Trust In Construction Projects written by Anita Cerić and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-14 with Technology & Engineering categories.

The relationship between project managers representing project owners and those on the contractor side is often threatened by communication risk. The main communication risk minimization strategy in the construction phase is trust, which plays a major role in the success of key working relationships across the construction industry. This book investigates this phenomenon, and goes on to show that once developed, trust outshines all other strategies of communication risk minimization and is essential for project success. As part of this investigation, communication risk in construction projects is examined in detail, with a particular focus on the effects of information asymmetry on working relationships. Drawing on many years of empirical research involving project managers working internationally, Trust in Construction Projects also provides strategies to minimize information asymmetries in order to build trust, and ensure the success of construction projects. By increasing understanding of trust in construction projects, this book adds an important new perspective to the fields of construction management and project management. This is essential reading for researchers and students, as well as practitioners in these fields.

The Value Of Trust In Construction Supply Chains

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Author : Jing Xu
language : en
Publisher:
Release Date : 2019

The Value Of Trust In Construction Supply Chains written by Jing Xu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.

Abstract Construction supply chains have a high level of specialism and involve loosely-coupled and relatively self-contained subsystems. Value is always co-created in networks of relationships. Effective relationships between those representing their respective organisations in the project are necessary for effective integration and healthy interdependencies to grow and be maintained. Relationships in construction supply chains have been featured as transactional and do not always generate effective working. Collaboration has been repeatedly proposed to counteract these trends and trust has been identified as a key success indicator. Yet less research interest has been in trust dynamically co-created through service interactions and levering value for those involved. This thesis aims to demonstrate the dynamic value of trust in construction supply chains, in particular relationships between main contractors and second-tier subcontractors, an under-researched area by supply chain and project management bodies of knowledge (BoKs). Taking the perspective of structuration theory and service- dominant logic (S-DL), this process-based research focuses on supply chain relationships in service ecosystems. Seventy-one semi-structured interviews were conducted at the preconstruction, then execution and finally completion stage of three construction projects. The findings reveal that trust development is both an intended and unintended process and involves various types of interaction. It is found that the interplay between different types of interactions can form the trust phenomenon in which the value of trust unfolds. Trust helps increase service value by improving the service experiences of those involved; the better service enables higher performance levels. The study also demonstrates the conditions for trust in terms of structures of service ecosystems and time. This study contributes to knowledge in that it 1) theoretically and empirically demonstrates the value of trust and relationship in construction project management and supply chain disciplines, 2) advances the relational approach in both disciplines and 3) links trust and relational concepts with S-DL.

Building Collaborative Trust In Construction Procurement Strategies

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Author : Jason Challender
language : en
Publisher: John Wiley & Sons
Release Date : 2019-05-06

Building Collaborative Trust In Construction Procurement Strategies written by Jason Challender and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-06 with Architecture categories.

Provides a practical framework and toolkit for improved construction project outcomes based on trust and collaboration This book explores the concept of trust as a tool in improved construction procurement strategies, and provides important insight into the influence of trust on the success of construction projects and redevelopment programs. It is a practical guide that offers readers a solid outline and expert strategies for improving project outcomes through collaboration—ultimately proving that teamwork can really make the dream work. Building Collaborative Trust in Construction Procurement Strategies: A Practical Guide incorporates a toolkit, complete with flowcharts, to introduce certain trust building interventions within projects. It shows how initiatives and factors that influence collaborative trust can be easily implemented and embedded in construction management for improved practice. It also covers potential challenges, risks, problems, and barriers when it comes to trust. In addition, the book looks at the influences for collaborative trust in the construction industry as well as implications in practice for it in construction. It finishes by looking at the future of collaborative trust in construction procurement. Teaches the importance and influence of trust on collaborative working and partnerships principles Examines to what extent trust within collaborative working arrangements influences the success of collaborative working practices Covers the effect that certain factors and trust building mechanisms have on collaborative working and partnerships and how they can be embedded into procurement of projects Discusses what constitutes best practice and how trust in collaborative procurement practices influences the success of construction projects Building Collaborative Trust in Construction Procurement Strategies: A Practical Guide is an excellent book for construction management professionals, including clients, consultants, and contractors. It will also serve as a helpful text for undergraduate and postgraduate students and academics.

Model For Developing Trust In Construction Management

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Author : Diodoro Zuppa
language : en
Publisher:
Release Date : 2009

Model For Developing Trust In Construction Management written by Diodoro Zuppa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.

ABSTRACT: The construction industry is facing a number of challenges related to low productivity rates, uncertain profits and low adaptation rates of new technologies. Trust between contracting parties on construction projects is viewed as an important strategy to address these and other problems. This research focused on identifying the factors found on construction projects that weakened or strengthened trust between stakeholders.

Trust In Co Operative Contracting In Construction

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Author : Sai On CHEUNG
language : en
Publisher: City University of HK Press
Release Date : 2007-06-01

Trust In Co Operative Contracting In Construction written by Sai On CHEUNG and has been published by City University of HK Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-06-01 with Business & Economics categories.

This volume identifies the most critical driver for co-operative behavior—“Trust”. Its legal and behavioral implications will be carefully examined. Furthermore, a case study on the Mass Transit Railway Tseung Kwan O extension will help illustrate both theory and practice in perspective.This book provides a comprehensive discussion on trust in co-operative contracting. Directed from both management and legal perspectives with findings supported by empirical researches, it is hoped that professionals, researchers and students will find the book interesting. Published by City University of Hong Kong Press. 香港城市大學出版社出版。

Trust Relations In The Construction Industry

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Author :
language : en
Publisher:
Release Date : 2005

Trust Relations In The Construction Industry written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.

(Uncorrected OCR) Abstract of thesis entitled Trust Relations in the Construction Industry Submitted by Lau Hat Lan For the degree of Doctor of Philosophy At the University of Hong Kong In August 2005 Trust relations are considered a common phenomenon that fulfils internal corporate, business and operational goals as well as external, strategic goals related to geographical expansion. Whether trust appears as a norm or an attitude, it is derived from values on which trust relations are based. Stakeholders representing different individual and organisational interests, needs, expectations, risks and constraints working together in a project environment makes the study of the multifaceted nature of trust complex. This research develops a conceptual framework of trust relations that links the relationship concept and trust to explain trust relations. The theoretical framework adopts a value-based perspective of trust that recognises its moral, social and work dimensions. Trust relations are based on shared values and have a long-term impact on relationships. Trusting behaviour can be observed in situational factors related to the contract, communication, relations with others and conflict. Trust relations based on four different types of trust - namely, contractual trust, knowledge-based trust, goodwill and generalised trust - can be built at the interpersonal and inter-firm levels. This thesis explains trust relations in the construction industry in respect of project management, teamwork, strategy formulation and partnering to highlight their importance. A sample of partnering and non-partnering projects is chosen as case studies. Although trust is emphasised in partnering projects, there is no evidence that trust at either the interpersonal or inter-firm level is higher in partnering projects. A control mechanism for information exchange and timely responses are approaches that help to strike a balance between trust and control in a conflict-prone working environmen.

Trust In Construction Projects

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Author : Anita Ceric
language : en
Publisher:
Release Date : 2015

Trust In Construction Projects written by Anita Ceric and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Building categories.

Trust Building In The Construction Project Delivery Process

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Author : James Packer Smith
language : en
Publisher:
Release Date : 2013

Trust Building In The Construction Project Delivery Process written by James Packer Smith and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.

Low levels of productivity and recent evolutions in technology and practices are pushing the construction industry to collaborate on a higher level. A key component of effective collaboration is trust. Research also suggests that increased trust levels can lead to improved productivity in team performance. Trust appears to be valued by industry practitioners at the executive level but it also appears that active management of trust is minimal. With Design Science Research methodology as a framework, this project uses a mixed methods approach to develop and test a tool designed to assist in the management of trust levels between construction project participants. This project lays the groundwork for additional research into trust-building in construction by testing whether or not trust can be actively built and managed by rigorous analysis of current and upcoming relationships. In addition to supporting data from case studies, this was accomplished by introducing specific trust-building techniques into student group interactions and comparing changes in interpersonal trust levels to a control group of students. Results from the case studies and student experiment show some support for the idea that interpersonal trust levels, as perceived by the person making the attempts to build trust within the group, can be increased through use of a tool such as the one developed. Further testing and development is needed prior to wider industry application. The electronic version of this dissertation is accessible from http://hdl.handle.net/1969.1/151365

Collaborative Relationships In Construction

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Author : Hedley Smyth
language : en
Publisher: John Wiley & Sons
Release Date : 2009-01-28

Collaborative Relationships In Construction written by Hedley Smyth and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-28 with Technology & Engineering categories.

The book collects the latest research on both contractual andconceptual collaborative practices in construction. It identifiescommon problems faced by the industry and draws out practicalimplications. Construction projects are increasingly run in ways thatundermine the traditional boundary of the firm and sometimes alsothe definition of the project coalition. This poses challenges forconstruction firms whose clients demand ever increasing performanceimprovements as well as those firms who want to improve theirstrategies for greater collaboration to give themselves competitiveadvantage. The editors identify three main themes: collaborativerelationships, operating both in frameworks and within networks ofcontacts, e.g. relational contracting in partnering, supply chainmanagement and other procurement-driven initiatives. The second theme is frameworks, both contractual frameworksbinding parties together over a series of contracts, and conceptualframeworks used to develop future performance improvement arisingfrom the proactive strategies of firms. The third theme is the network of relationships that supportsindividuals and firms within the project coalition in deliveringservices and adding value to improve performance. These networksdefine the investment and incentives supporting the inter-firm andintra-firm relationships, as well as the formal contractualconditions through which such incentives flow. Networks ofinformation exchange define the structure of the activity and helppredict organisational configurations for successful projectoutcomes.

Annual Report Of The Division Of Banking

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Author : Florida. Division of Banking
language : en
Publisher:
Release Date : 1972

Annual Report Of The Division Of Banking written by Florida. Division of Banking and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with Banks and banking categories.