- Author
- Construction Industry Institute
- Title
- Employee-Based Project Incentives Toolkit.
- Coporate
- Construction Industry Institute, Austin, TX
- Report
- Implementation Resource 140-2, October 1999, 35 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
- An incentive is defined as "something, such as a punishment or reward, that induces action." Incentives are encountered every day -- we hope to get a pay raise because of job performance, or we stay within a posted speed limit because we are afraid of getting a speeding ticket. Incentives are now commonplace in engineering and construction projects. Efforts to date, however, have focused primarily on incentives at the company level, e.g., an owner provides a contractor with a monetary incentive for meeting a certain completion date. Little documentation exists regarding the effects of applying incentives that are provided directly to individuals or groups of individuals (project team, specific craft, discipline group) based on results achieved on a project. This toolkit focuses specifically on developing Employee Incentive Plans (EIPs) for individuals or groups of individuals who are working on a specific engineering and/or construction project. It does not address annual bonus plans or other similar performance incentives; rather, its application is limited to developing an employee incentive plan for a one-time project of defined scope and duration.