Cost Management in Project Alliancing: An Exploratory Investigation

Abstract:

This study aims to explore cost management strategies and supporting techniques used in project alliancing. Survey results show that cost management in project alliancing has most features of target costing. More importantly, it was found that cost management in project alliancing, supported by a sophisticated risk/reward arrangement, aligns contracting parties’ interests toward the achievement of owner’s project objectives and links contracting parties’ financial pain/gain with both cost and non-cost areas of performance.

• Periodical: Applied Mechanics and Materials (Volumes 174-177)
• Pages: 2893-2897
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.174-177.2893
• Online since: May 2012
• Authors: Gang Chen, Guo Min Zhang, Yi Min Xie
• Keywords: Cost Management, Project Alliancing, Questionnaire Survey

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