Abstract
Now that Japan's period of rapid economic growth is over and markets are becoming more global, change is being forced on the systems by which the Japanese construction market operates and on construction companies themselves. In particular, many predict that project delivery systems will become more diverse as the construction market internationalizes. Taking the position that there are advantages to the Management Contract system—which is already well-established in the U. S. and advanced European countries—this paper compares this contracting system with the Work Contract system and identifies its possible benefits to Japan.
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