Incentive / disincentive contracts and its effects on lindrustrial projects
By: BUBSHAIT, Abdulaziz A
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Material type: 
ArticlePublisher: The International Project Management Association, 2003Subject(s): Projetos Industriais | Gestão de Contratos | Contrato de Incentivo | Desempenho do Contratante | Saudi ArabiaInternational Journal of Project Management 21, 1, p. 63-70Abstract: Project delays and cost overruns are becoming major problems in many projects, especialy industrial projects. The present economic situation has forced owners to establish time and cost reduction programs to control expenditure. The main objectives of this study are to study the perceptions of owners and contractors about incentive/disincentive (I/D) contracting. A questionnaire was used to gather the required data for the study. This was distributed among owners and contractor companies working in petrochemical plants, power plants, and refinaries. The findings of the study support the use of I/D provisions in contracts. In addition, the use of I/D contract provisions ensure that contractors do their utmost to manage and control factors that influence labor productivity, project duration and/or project cost
| Item type | Current location | Collection | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Periódico | Biblioteca Graciliano Ramos | Periódico | Not for loan |
Project delays and cost overruns are becoming major problems in many projects, especialy industrial projects. The present economic situation has forced owners to establish time and cost reduction programs to control expenditure. The main objectives of this study are to study the perceptions of owners and contractors about incentive/disincentive (I/D) contracting. A questionnaire was used to gather the required data for the study. This was distributed among owners and contractor companies working in petrochemical plants, power plants, and refinaries. The findings of the study support the use of I/D provisions in contracts. In addition, the use of I/D contract provisions ensure that contractors do their utmost to manage and control factors that influence labor productivity, project duration and/or project cost
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