000			02131naa a2200193uu 4500
001			8983
003			OSt
005			20190211154611.0
008			021204s2005 xx ||||gr |0|| 0 eng d
100	1		_aTURNER, J. Rodney _910818
245	1	0	_aProject contract management and a theory of organization
260			_c2001
520	3		_aThis paper attempts to develop concepts of project and contract organization to pedict the selection of contract type on infrastructure projects. Conventional wisdom is that at low-risk fixed price contracts are best, moving to remeasurement and then cost plus as risk increases. We started trying to predict this from a transaction cost perspective, and such an analysis confirmed conventional wisdom. However, it does not fit with current practice. Further, the diffecences in transaction costs are small compared to differences in contract out-turn cost that occur under the different motivational efects of different cotract types. We therefore take a different perspective. We assume the purpose behind a project contract is to creat a coperative project organization, in which all participants, clients and contractors, are motivated to achieve commom objectives, their goals are aligned. This analysis confirms modern practice, and shows selection of contract type is related of uncertainty in the project`s deliverables, and uncertainty in the process of their delivery. Build-only remeasurement contracts are used where uncertainty of both product and process is low. Design and build fixed price contracts are used where uncertainty of the product is low, but the uncertainty in the process of delivery is high. Fixed price contracts should be used where both are high. We extend the analysis to show when the client should be involved in the project organization in an alliance contract, and when they should not, as in a traditional project contract
700	1		_aSIMISTER, Stephen _918294
773	0	8	_tInternational Journal of Project Management _g19, 8, p. 457-464 _d, 2001 _w
942			_cS
998			_a20021204 _bCassio _cCassio
998			_a20060609 _b1725^b _cQuiteria
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c9128 _d9128
041			_aeng