Abstract
AbstractModern construction projects often include incentive/disincentive (I/D) provisions in order to serve a variety of different client objectives. Studies have shown both the advantages and disadvantages of using I/D clauses to improve performance. In India, out of 82 construction projects of varied size and nature investigated, only 14 projects of a critical nature were found to have I/D clauses in their contract document. The present study was carried out to identify various attributes affecting the successful use of I/D clauses in achieving their intended purpose. A total of 25 attributes were identified based on a literature review and structured personal interviews that present practical difficulties while using the I/D contracting method and thus, prevent I/D clauses from unlocking their true potential. These attributes have been evaluated based on the results of a survey conducted among experienced professionals working in the Indian construction industry. Factor analysis conducted on responses...
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