The Role of the Payment Mechanism for Decision Making in the Early Stage of Dutch DBFM-Contracted Road Infrastructure Development

Driesprong, M (2015) The Role of the Payment Mechanism for Decision Making in the Early Stage of Dutch DBFM-Contracted Road Infrastructure Development.

[img]
Preview
PDF
1MB
Abstract:In this study we concentrate on the extent to which incentives from payment mechanisms in Dutch Design, Build, Finance and Maintain (DBFM) contracts for road infrastructure development are integrated in decision making practices. We characterize the payment mechanism as an incentive framework for contractors with incentives to timely deliver and maintain reliable, safe and available infrastructure. We take heuristic perspective to decision making and argue that elements of the payment mechanism can provide with decision information and criteria embedded in Gigerenzer’s (2000) adaptive toolbox concept with opportunity-capturing heuristics. We deploy a case study approach to decision making practices of decision makers in three different Dutch DBFM-contracted road infrastructure development projects and conclude that the availability incentives and timeliness incentives are fully integrated in the decision making practices in early stages of Dutch DBFM-contracted road infrastructure development We find evidence for 50 per cent of the maintenance and reliability embedded in the decision making practices and safety incentives were not reflected in the observed decision making practices. Recommendations for practitioners and future research are provided.
Item Type:Essay (Master)
Clients:
Oxand, Utrecht, Nederland
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:56 civil engineering, 85 business administration, organizational science, 88 social and public administration
Programme:Business Administration MSc (60644)
Link to this item:http://purl.utwente.nl/essays/68927
Export this item as:BibTeX
EndNote
HTML Citation
Reference Manager

 

Repository Staff Only: item control page