Abstract
Three of the influential perspectives for analysing construction management are reviewed - socio-technical systems; organization and environment; and project management - and it is suggested that in spite of their considerable usefulness, they contain no framework for analysing the inevitable differences in interest between the different firms who are members of the project coalition. An alternative approach is then presented - the transaction cost approach - which, it is suggested, does allow these differences to be analysed. In conclusion, the dynamics of the contracting system are assessed in terms of the contradiction between construction firms’ responses to the uncertainties inherent in the project, and those deriving from the contracting system itself.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
