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Showing posts with label incomplete contracts. Show all posts
Showing posts with label incomplete contracts. Show all posts

Saturday, 14 December 2019

Procurement, Contracts and Information












































Posted by Gerard de Valence at 20:44 9 comments:
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Labels: auctions, competitive tendering, complex projects, construction procurement, incomplete contracts, information asymmetry, principal-agent
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CREATIVE DESTRUCTION

CREATIVE DESTRUCTION
Read the Introduction

Amazon.com link

Creative Destruction book
The factors driving the development and transformation of construction can be grouped into three broad categories of regulation, digitisation and decarbonisation. These are demanding greatly improved performance by industry and there are new policies, targets and standards that reflect them. This blog discusses the effects of these factors on suppliers, contractors, clients, regulators and policy makers rather than individual projects. Solutions to many of the issues and problems challenging construction and related built environment industries will come through innovation and the application of fourth industrial revolution technologies. There are very large benefits potentially available from improved design and documentation, from AI assisted pre-construction and project management, from increased productivity through linking manufacture and assembly, increased use of automation and robotics, and from better quality buildings and structures with lower delivery, operation and management costs.

Gerard de Valence

Gerard de Valence

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de Valence, G. Date posted. 'Blog Title', Construction Industry Economics and Policy Blog (date viewed at http://gerard-de-valence.blogspot.com.au/)

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