incentives

Doing, Selectionbehaviour, incentives, monopolies, opportunism, vendors

Dealing with difficult vendors

Fortunately, truly difficult and opportunistic vendors are rare. But we have all had the experience of the vendor who knows you depend on them and exploits the advantage ruthlessly. They…

Doing, Planning, Scope, Selectionconstruction management, contractors, incentives, information asymmetry, moral hazard, remuneration, risk

Getting the right incentives into construction management agreements

Poorly-designed incentives may encourage a contractor to behave in unexpected and unpleasant ways. And construction management is a form of contract that is especially vulnerable. The Construction Management Association of…

Change, Doing, Initiation, Planning, Scope, Selection, Shaping, Strategybid management, contractors, developing economies, incentives, local content, qualification, remuneration, risk, Strategy, suppliers, work packaging

Creating local content opportunities in major projects

With careful planning and management, you can not only find and grow capable small and medium-sized enterprises (SMEs), but also give them real opportunities in major projects. And with smart planning…