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Payment Mechanisms for Integrated Teams in Construction

Construction Economics and Building

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Title Payment Mechanisms for Integrated Teams in Construction
 
Creator Motawa, Ibrahim
Kaka, Ammar
 
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Description The overwhelming consensus for process andteam integration has emerged as an enabler tomanage construction projects. Theperformance of integrated teams is highlyaffected by the adopted payment mechanism.However, the payment mechanisms availablefor a project may need the team tocompromise in order to agree on a fairmechanism for as many members as possible.This paper introduces a methodology tosimulate the profiles of alternative paymentmechanisms. The methodology aims to helpproject teams define the most appropriatemechanism for each member. The proposedmethodology is therefore novel and superior toexisting cash flow models where the focus hasbeen limited to main contractors only. Topromote its use as a performance enablingmechanism, the methodology utilizes “theproject process map”, “the stakeholders &supply chain”, “the pricing method” and “thepayment mechanism”. This will act as an aid todesign or “fine-tune” payment mechanisms toindividual projects characteristics consideringpayment for off-site materials andcomponents, which always concerns projectfabricators and supply chain.
 
Publisher UTS ePRESS
 
Contributor —
 
Date 2012-11-23
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/3001
10.5130/AJCEB.v8i2.3001
 
Source Construction Economics and Building; Vol 8, No 2 (2008): AJCEB; 1-10
2204-9029
 
Language eng
 
Relation http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/3001/3184
 
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Rights Copyright (c) 2008 Ibrahim Motawa, Ammar Kaka
http://creativecommons.org/licenses/by/4.0