INFLUENCE OF OWNER-ORGANIZATION IMPRESSION AND CONTRACT FRAMING ON CONSTRUCTION CONTRACTORS' RISK PERCEPTIONS

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Description

In a construction project, it is generally accepted that the contractor's perceived risk is the main factor in determining what is to be proposed as the project cost and duration. Both the owner-organization and the contractor are aware of the existing risks and the owner-organizations tend to... Show moreIn a construction project, it is generally accepted that the contractor's perceived risk is the main factor in determining what is to be proposed as the project cost and duration. Both the owner-organization and the contractor are aware of the existing risks and the owner-organizations tend to mitigate the existing risks by using the construction contract. It is hypothesized that the contractor’s initial impression of the owner-organization is a factor in the contractor’s perception of risk. It is further hypothesized that the initial impression is influenced by the content and context of the construction bid documents, which further influences the perceived risk and the bid strategy. The goal is to investigate the factors that influence contractors' impression of the owner-organization and to study the effects of contract document language and content in the impression formation process and subsequent development of a bid strategy. By better understanding the factors and relationships that influence impression formation and risk perceptions, it is expected that substantial time, money and unnecessary contention between these parties can be eliminated.
Ph.D. in Civil Engineering, December 2014 Show less

Details
Department

CAEE / Civil, Architectural, and Environmental Engineering

Title

INFLUENCE OF OWNER-ORGANIZATION IMPRESSION AND CONTRACT FRAMING ON CONSTRUCTION CONTRACTORS' RISK PERCEPTIONS

Institution

Illinois Institute of Technology

Creator(s)

Hanioglu, Mehmet Nihat

Advisor(s)

Arditi, David

Date

2014
2014-12

Description

In a construction project, it is generally accepted that the contractor's perceived risk is the main factor in determining what is to be proposed as the project cost and duration. Both the owner... Show moreIn a construction project, it is generally accepted that the contractor's perceived risk is the main factor in determining what is to be proposed as the project cost and duration. Both the owner-organization and the contractor are aware of the existing risks and the owner-organizations tend to mitigate the existing risks by using the construction contract. It is hypothesized that the contractor’s initial impression of the owner-organization is a factor in the contractor’s perception of risk. It is further hypothesized that the initial impression is influenced by the content and context of the construction bid documents, which further influences the perceived risk and the bid strategy. The goal is to investigate the factors that influence contractors' impression of the owner-organization and to study the effects of contract document language and content in the impression formation process and subsequent development of a bid strategy. By better understanding the factors and relationships that influence impression formation and risk perceptions, it is expected that substantial time, money and unnecessary contention between these parties can be eliminated. Show less

Type

Dissertation

File type

application/pdf

Access

Restricted Access

Rights

In Copyright
http://rightsstatements.org/page/InC/1.0/

Identifier

http://hdl.handle.net/10560/3472

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