Impact of Incentives On Project Performance.

Abstract

Aligning both owner and contractor objectives is widely thought to be a catalyst for better project performance. For this very reason, contract incentives are employed in order to identify and ensure focus on the owner's goals. The scope of this report is to research the extent of use and consequent effects of construction contract incentives offered by owners. The relative use by owners of construction phase incentives will be characterized, and an incentive use index assigned to each project. Additionally, the impacts of incentive use in terms of cost, schedule, and safety will be investigated. A relationship between the relative incentive use (incentive index) and project performance will also be examined.

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1998
Accession Number
ADA355055

Entities

People

  • Jayson D. Mitchell

Organizations

  • University of Texas at Austin

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Business Administration
  • Civil Engineering
  • Contractors
  • Contracts
  • Employment
  • Engineering
  • Engineers
  • Literature Surveys
  • Management Personnel
  • Materials
  • Money
  • Motivation
  • Organizational Structure
  • Procurement
  • Safety Analysis
  • Spreadsheet Software
  • Statistical Analysis

Readers

  • Computational Modeling and Simulation
  • Defense Acquisition Program Management