‘Performance’ Specifications for Improved Productivity and Better Value

John Douglas Thomson (doug.thomson@rmit.edu.au)
Additional contact information
John Douglas Thomson: RMIT University

Chapter Chapter 44 in Proceedings of the 18th International Symposium on Advancement of Construction Management and Real Estate, 2014, pp 441-454 from Springer

Abstract: Abstract This research examines how the use of ‘performance’ specifications could achieve higher productivity and better ‘value’ for owner and contractor. The inductive methodology identified that construction industry advisors were helpful in assisting the (public sector) owner in defining the owner’s ‘performance’ requirements, period and price, and for all subsequent phases through to contract completion. ‘Performance’ requirements expressed in the owner’s capability brief were used for tendering and contracting purposes, within a context of fixed period and price. This necessitated tenderers to focus solely on best ‘value’. A ‘performance’ contract transferred design and construction risk to the marketplace and demanded competitive, innovative tenders. When compared to projects where method and/or material risks are carried by the owner, the ‘performance’ based project delivered improved productivity and better ‘value’ for both owner and contractor.

Keywords: Relationships; Interface; Performance; Innovation; Capability (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-44916-1_44

Ordering information: This item can be ordered from
http://www.springer.com/9783642449161

DOI: 10.1007/978-3-642-44916-1_44

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla (sonal.shukla@springer.com) and Springer Nature Abstracting and Indexing (indexing@springernature.com).