Document Detail

Title: EM114-21 - Innovative Contractor Compensation Strategies - Instructor's Guide
Publication Date: 8/1/1999
Product Type: Education Module
Status: Supporting Product
Pages: 0

The primary objective is to familiarize course participants with innovative contractor compensation strategies using incentives. An additional objective of the course is understanding relationships between business objectives, project objectives, performance evaluation criteria and compensation.

The course also addresses barriers frequently encountered when implementing an incentive compensation plan and the key factors that are required for implementation success.

Education modules are not available for download from the Internet.

This publication contains:

  • PowerPoint® presentation files
  • RS114-1, Innovative Contractor Compensation
  • RR114-11, “Innovative Strategies for Contractor Compensation”

Module Length: 4 hours


Abstract

Traditional engineering and construction contracts perpetuate competing interests between owners and contractors. Innovative contracting strategies are needed to more closely align contractor performance and owner objectives. Thirty-two such innovative contracting strategies have been identified through research conducted by CII Research Team 114. These strategies go well beyond the traditional concepts of alliances, team autonomy, and incentive contracting.

The primary objective of this education module is to familiarize course participants with innovative contracting strategies. An additional objective of the course module is understanding relationships between business objectives, project objectives, performance evaluation criteria, and compensation. The course also addresses barriers frequently encountered when implementing a compensation plan, and the key factors that are required for implementation success.