- Author
- Construction Industry Institute
- Title
- Innovative Contractor Compensation.
- Coporate
- Construction Industry Institute, Austin, TX
- Report
- Research Summary 114-1, September 1998, 30 p.
- Distribution
- For more information contact: Construction Industry, Institute, University of Texas at Austin, 3208 Red River Street, Suite 300, Austin, TX 78705. Telephone: 512-232-3000, Fax: 512-499-8108, Email: info@construction-institute.org Website: http://construction-institute.org
- Keywords
- construction
- Abstract
- The Contractor Compensation Research Team was established to develop breakthrough approaches to contractor compensation. Founded on the premise that traditional engineering and construction contracts perpetuate competing interests between owners and contractors, the team began with the goal to rethink contractor compensation in order to align contractor performance more closely with owner objectives. Compensation was interpreted boradly to include reward, recognition, money payment, future opportunities, expanded roles, and reduced risk.