University of Twente Student Theses
Toward Harmony: Enriching research into a future equilibrium between trust and control in the pricing process of a two-phase approach.
Houtsma, T.N.J. (2024) Toward Harmony: Enriching research into a future equilibrium between trust and control in the pricing process of a two-phase approach.
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| Abstract: | In the contemporary construction industry, determining the most effective approach for pricing in projects is an ongoing challenge. The emerging trend of deferred pricing is explored in the two-phase approach. This research focuses on this challenge by examining the balance between social and formal control in the pricing process. From nine relevant two-phase projects and literature, a comprehensive list of pricing mechanisms was compiled and categorised into social, process and output control based on their respective approach. This set of mechanisms is validated and scaled followed by case study interviews to investigate the impact of contractual pricing mechanisms on projects and the internal dynamics. Findings reveal that several crucial conditions influence the potential balance between social and formal control in addition to the established pricing mechanisms. These conditions include the willingness to collaborate, transparency among the parties, the individuals within the project and their organizations, and the complexity or novelty of project components. Notably, the selected pricing mechanisms significantly influence the dynamics within a project, with most case studies demonstrating a shift from process control to more social control. Additionally, these case studies found that the initial approach of social or formal control in the project affects the final dynamics. |
| Item Type: | Essay (Master) |
| Clients: | Arcadis, Netherlands |
| Faculty: | ET: Engineering Technology |
| Subject: | 56 civil engineering |
| Programme: | Civil Engineering and Management MSc (60026) |
| Link to this item: | https://purl.utwente.nl/essays/98853 |
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