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Incentives in Construction Contracts

Publication No
SD-8
Type
Academic Document
Publication Date
Apr 01, 1986
Pages
132
Research Team
RT-005
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DOCUMENT DETAILS
Abstract
Filters & Tags
Abstract
Incentives are a basic part of any construction contract. They promote an attitude of motivation in the contractual relationship and take the form of inducements, encouragements, and threats. Effective contractual motivation requires the adoption, at
Filters & Tags
Knowledge Area
Construction Execution, Procurement & Contracts, Risk Management
Project Phase
Feasibility, Concept, Detailed Scope, Detailed Design (Engineering), Procurement, Construction, Commissioning & Startup, Handover & Closeout
Project Function
Project Management, Procurement & Contracts, Construction, Risk Management
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Contracts
Keywords
Fixed-cost contract, Cost-reimbursable contract, Contract clauses, Allocation of risk, Incentive plans, Work scope definition clause, Change clause, Project control clause, Cost effectiveness, Indemnity, Consequential damages, Differing conditions, Delay

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