Guaranteed maximum price (GMP) contracts in practice

Chan, Daniel W.M.; Lam, Pti; Chan, Albert P.C.; Wong, Johnny

doi:10.1108/09699981111111157

Cited by 6 publications

(5 citation statements)

References 14 publications

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“…The manual content analysis method was used to analyse the qualitative data obtained from the expert interviews. According to Chan et al (2011) and Chan and Choi (2015), content analysis classifies textual resources, lowers the contents to relevant and manageable portions of data and then collects knowledge and understanding of topics pertinent to the overarching objectives and particular study questions. This approach can be used to ascertain the general viewpoints of numerous knowledgeable interviewees.…”

Section: Methodsmentioning

confidence: 99%

Benefits, enablers and barriers in deploying PPP when developing smart infrastructure in non-urban areas

Jayasena,

Chan,

Kumaraswamy

2023

BEPAM

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PurposeThe widespread lockdown restrictions brought by the global COVID-19 epidemic inculcated a culture of “work-from-home”. However, most rural areas lack reliable and effective community amenities including transportation, health and education, thereby impeding healthy living and productive employment. Therefore, the underlying goal of this research is to investigate the development of smart infrastructure (SI) in non-urban areas. However, governments' resource limitations must be addressed to develop SI, which urges the research on the potential for public-private partnerships (PPP) to supplement public sector resources when necessary.Design/methodology/approachThis paper examined and evaluated the “benefits and enablers” and “barriers” to deploying PPPs to create SI in non-urban areas, using a thorough literature review, five expert interviews and analytic hierarchy process (AHP)-based questionnaire responses. The AHP technique and content analysis were used to analyse the results and generate the conclusions.FindingsThe availability of a favourable investment climate and legal framework were identified as the significant factors among the “benefits and enablers” of adopting PPP in SI developments in non-urban areas, while low community acceptance of the private sector involvement, and community culture and values were identified as the significant factors among the “barriers”. These highlight the significance of removing barriers connected to community culture and “values”.Originality/valueThe findings and conclusions of this study provide a strong foundation to support the growth of SI in non-urban settings, facilitating more sustainable development that is more evenly distributed in the post-COVID-19 future.

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Section: Methodsmentioning

confidence: 99%

Benefits, enablers and barriers in deploying PPP when developing smart infrastructure in non-urban areas

Jayasena,

Chan,

Kumaraswamy

2023

BEPAM

Self Cite

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“…Using this snowballing method, 197 valid responses were gleaned from the construction industry. This sample was considered large enough for data analysis as a large sample size allows results to be reliable and representative [59]. The questionnaire adopted for the study was designed in sections.…”

Section: Methodsmentioning

confidence: 99%

Safe Working Cycle: Is It a Panacea to Combat Construction Site Safety Accidents in Hong Kong?

Chan

Aghimien

2022

Sustainability

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In Hong Kong, the accident statistics of the construction industry is still comparatively higher than other industries. However, accident rates within the industry have significantly decreased, starting from the implementation of diverse safety initiatives, including the Safe Working Cycle (SWC). In this study, a post-positivist philosophical stance was adopted, and a questionnaire survey was launched to gather empirical data on the application of SWC in construction projects, the effectiveness of the safety initiative, and the benefits thereof. The data gathered from 197 construction participants were analysed using descriptive statistics, mean score, Mann–Whitney U-Test, Kendall’s concordance analysis, Chi-square value, Spearman rank-order correlation test and exploratory factor analysis. The findings revealed significant adoption of SWC in the Hong Kong construction industry. Furthermore, daily, weekly, and monthly inspections and supervisions and safety committee meetings are effective items of this safety initiative. The benefits of adopting SWC can be grouped into the safety of frontline workers and increase in the organisation’s safety commitment and reputation. This study has created an excellent theoretical platform for future research work on the usefulness of the SWC in the construction industry at large.

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“…Based on the snowball sampling method, 197 questionnaires' feedback was gathered through electronic means and was perceived to be sufficient for this study. It has been noted that the larger the sample, the more representative and reliable the result will be [44].…”

Section: Methodsmentioning

confidence: 99%

Bolstering Measures for Combating the Challenges of Safe Working Cycle Implementation in Hong Kong’s Construction Industry

Chan

Aghimien

2022

Sustainability

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To heighten the safety performance of construction projects, multitudinous safety initiatives or measures have been promulgated in Hong Kong over the past three decades. These initiatives have led to the drastic reduction in construction site accidents. However, implementing these safety initiatives, such as the Safe Working Cycle (SWC), does not go without facing challenges. This paper illustrates the survey findings from an evaluation of the challenges encountered with the execution of SWC in construction projects in Hong Kong and proffers possible bolstering improvement measures for its successful implementation. The study was quantitative in nature and data were gathered from construction participants involved in projects adopting SWC. The data gathered were analysed using diverse descriptive, inferential and first-generation multivariate analyses. The study findings revealed that the effective implementation of SWC is still deterred by several major challenges that can be grouped into: (1) tight project schedule and limited site space; and (2) lack of promotions and support for SWC implementation. To address these profound challenges, the study recommended some essential improvement measures including: (1) adequate budget allocation and reasonable project schedule; (2) establishment of a reward system towards construction workers; and (3) development of a tailor-made SWC system for each specific construction site. The study has provided useful guidelines and insightful recommendations for both the client organisations and construction firms and their site management staff in developing their site safety policies and adopting SWC for improving the existing site safety performance of various construction projects.

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Guaranteed maximum price (GMP) contracts in practice

Cited by 6 publications

References 14 publications

Benefits, enablers and barriers in deploying PPP when developing smart infrastructure in non-urban areas

Benefits, enablers and barriers in deploying PPP when developing smart infrastructure in non-urban areas

Safe Working Cycle: Is It a Panacea to Combat Construction Site Safety Accidents in Hong Kong?

Bolstering Measures for Combating the Challenges of Safe Working Cycle Implementation in Hong Kong’s Construction Industry

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