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Which governs - The relationship or the contract?

Research output: Contribution to conference - Without ISBN/ISSN › Conference paper › peer-review

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Which governs - The relationship or the contract? / Anvuur, A.; Kumaraswamy, M.; Mahesh, G.
2006. Paper presented at Annual Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2006, London, United Kingdom.

Research output: Contribution to conference - Without ISBN/ISSN › Conference paper › peer-review

Harvard

Anvuur, A, Kumaraswamy, M & Mahesh, G 2006, 'Which governs - The relationship or the contract?', Paper presented at Annual Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2006, London, United Kingdom, 7/09/06 - 8/09/06.

APA

Anvuur, A., Kumaraswamy, M., & Mahesh, G. (2006). Which governs - The relationship or the contract?. Paper presented at Annual Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2006, London, United Kingdom.

Vancouver

Anvuur A, Kumaraswamy M, Mahesh G. Which governs - The relationship or the contract?. 2006. Paper presented at Annual Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2006, London, United Kingdom.

Author

Anvuur, A. ; Kumaraswamy, M. ; Mahesh, G. / Which governs - The relationship or the contract?. Paper presented at Annual Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2006, London, United Kingdom.

Bibtex

@conference{c0a109b4a5194f4aa9affc9d94cece33,
title = "Which governs - The relationship or the contract?",
abstract = "According to the transaction cost economics literature, a firm's external contractual relationships must be 'fit for purpose'. What is a 'fit for purpose' contractual relationship should not be a normative decision, but an objective one, to be made with regard to achieving transaction cost efficiency, while defending the core competencies of the firm. Data from a Hong Kong case study are used to examine whether or not the client's choice of contractual relationship is 'fit for purpose' and also to evaluate the impact of such a choice. The findings suggest that maintaining a relationship of high quality as a strategic policy not only reduces recourse to the contract, but also improves the quality and predictability of project performance and is an antidote to ill-aligned contractual elements. These findings lend support to the growing trend towards relationship or relational contracting in construction.",
keywords = "Contractual relationship, Cooperation, Fit for purpose, Form of contract",
author = "A. Anvuur and M. Kumaraswamy and G. Mahesh",
year = "2006",
month = sep,
day = "7",
language = "English",
note = "Annual Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2006 ; Conference date: 07-09-2006 Through 08-09-2006",

}

RIS

TY - CONF

T1 - Which governs - The relationship or the contract?

AU - Anvuur, A.

AU - Kumaraswamy, M.

AU - Mahesh, G.

PY - 2006/9/7

Y1 - 2006/9/7

N2 - According to the transaction cost economics literature, a firm's external contractual relationships must be 'fit for purpose'. What is a 'fit for purpose' contractual relationship should not be a normative decision, but an objective one, to be made with regard to achieving transaction cost efficiency, while defending the core competencies of the firm. Data from a Hong Kong case study are used to examine whether or not the client's choice of contractual relationship is 'fit for purpose' and also to evaluate the impact of such a choice. The findings suggest that maintaining a relationship of high quality as a strategic policy not only reduces recourse to the contract, but also improves the quality and predictability of project performance and is an antidote to ill-aligned contractual elements. These findings lend support to the growing trend towards relationship or relational contracting in construction.

AB - According to the transaction cost economics literature, a firm's external contractual relationships must be 'fit for purpose'. What is a 'fit for purpose' contractual relationship should not be a normative decision, but an objective one, to be made with regard to achieving transaction cost efficiency, while defending the core competencies of the firm. Data from a Hong Kong case study are used to examine whether or not the client's choice of contractual relationship is 'fit for purpose' and also to evaluate the impact of such a choice. The findings suggest that maintaining a relationship of high quality as a strategic policy not only reduces recourse to the contract, but also improves the quality and predictability of project performance and is an antidote to ill-aligned contractual elements. These findings lend support to the growing trend towards relationship or relational contracting in construction.

KW - Contractual relationship

KW - Cooperation

KW - Fit for purpose

KW - Form of contract

M3 - Conference paper

AN - SCOPUS:84859017065

T2 - Annual Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2006

Y2 - 7 September 2006 through 8 September 2006

ER -