The moral responsibility of project selectors

Corvellec, Hervé; Macheridis, Nikos

doi:10.1016/j.ijproman.2009.05.004

Cited by 23 publications

(12 citation statements)

References 33 publications

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“…According to Larson [24] amongst the four stages that turns a discipline into a profession is identifying the norms of practice in any given field thereby assuring the protection of the society. Professional ethics have been described as a system of standards that affects the morality and behavior of professionals while discharging their daily activities [25]. These ethics, which have imposed certain limits on permissible negotiation tactics amongst professionals; practicality during negotiation has portrayed such boundaries as ambiguous and flexible [26].…”

Section: Ethics In Professional Pursuitmentioning

confidence: 99%

Learning Analytics: Professional Fees Equilibrium and Ethics between Estate Surveyors and Valuers and Clients

Iroham¹

2020

IJATCSE

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The professional scale of charges for estate surveyors and valuers as published by the regulatory body, the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) is a point of concern. This is because of the arbitrary negotiation, which most often than not have been done by parties concerned with the valuation assignment. Negotiation, which has been regarded as inevitable in dealings, if not curtailed in practice, could lead to incessant flaws of ethics. The study was confined to mortgage valuation as earlier works revealed its preponderance amongst other valuation types. This work aimed at determining an optimum scale of professional charges from a more scientific means using the Artificial Neural Network (ANN) aided from past negotiation between clients and practicing estate surveyors and valuers in the study area. The determination of equilibrium was more transient, particularly as the value of properties increases. The result derived will serve as a policy statement for the profession of estate surveying and valuation in charting a better course for practice.

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Section: Ethics In Professional Pursuitmentioning

confidence: 99%

Learning Analytics: Professional Fees Equilibrium and Ethics between Estate Surveyors and Valuers and Clients

Iroham¹

2020

IJATCSE

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“…Therefore, professional ethics is the norm system to handle both morality and professional's behaviour in their daily practice and reflect moral responsibility not only for individual but also others professionals practicing in every particular profession [20]. Becoming a professional must have extensive knowledge in specialized fields of endeavor so that unethical practices among professionals can be avoided in order to ensure project construction processes going smoothly.…”

Section: B Profession and Professionalsmentioning

confidence: 99%

Research on the Unethical Conducts and Practices among Professionals in the Construction Industry

Ibrahim

Hamzah²,

Azry³

2019

ijrte

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Construction industry involved with large number of stakeholders. This industry has a complex contractual structure besides facing with several of psychological human behavior that exposed to the unethical conducts and practices among professionals. Professional ethics warmly has been discussed today within the construction industry. Ethics can be known as a major catalyst for the construction industry to attain status to a successful industry in the worldwide. As a result the aims to be a developed country can be achieved with cooperation from every structural in the construction community. However, without any changes on the unethical conducts and practices among professionals in the construction industry can make it all this becomes useless. Thus, the solid understandings and changes need to be executed, implemented and reinforced to ensure that the problems in the professional ethics can be resolved. This paper discusses and reviews on the unethical conducts and practices among professionals in the different countries such as Malaysia, Pakistan, Australia, Kenya, United Kingdom and China whereby the different behavior will be visible. The most common highlighted for the unethical conducts and practices among professionals in the construction industry were the corruption, negligence, unfair conduct, overriding on audit process over contracting process, favoritism, strict rule, conflict of interest, collusive tendering and violation of environmental ethics. In the previous studies, there were mechanism suggested whereby they are divided into three mechanisms included short, medium and long term solutions based on the project factors which are time, cost and quality. The mechanisms suggested can be catalyst in achieving and enhancing ethical conducts and practices among the professional in the construction industry. This review will provide useful information to every stakeholder in confronting with the unethical conducts and practices among professionals in the construction industry involved

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“…Moral hazard is a form of postcontractual opportunism and as such develops after the contract has been awarded to a particular contractor. Opportunism refers to the self-interested behavior of the agent (i.e., contractor) who departs from the contract if it suits their purpose, enabled by the inability of the principal to fully supervise the agent (Corvellec & Macheridis, 2010;Demski & Dye, 1999). Despite the fact that both parties enter into a contract and agree on various conditions (i.e., rights, obligations, and deliverables) the agent may opportunistically exploit an imbalance in information (Ceric, 2003).…”

Section: How Information Asymmetry Affects Construction Procurement Amentioning

confidence: 99%

How Far Can BIM Reduce Information Asymmetry in the Australian Construction Context?

Forsythe

Sankaran

Biesenthal

2015

Project Management Journal

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■Building Information Modeling (BIM) systems are increasingly used in construction projects. Theoretically, these systems provide greater transparency and access to construction project information and, in doing so, should reduce the information asymmetry that commonly arises in construction contracting relationships. This typically occurs when suppliers of products and services opportunistically take advantage of the client due to the imbalance in information. The article therefore explores whether or not the high level of information content offered by BIM and the potential for sharing that information among contracting parties means that the information asymmetry can be alleviated using BIM. In order to investigate this, evidence was collected through three purposively sampled case studies of large principal organizations undertaking projects in Australia-each representing a different type of customer in the supply chain on construction projects. Our findings suggest a gap between the theoretical potential and practical application of BIM to reduce information asymmetry. The study found that, although BIM has the capability to reduce information asymmetry, it has not reached a mature enough stage in the Australian construction industry to clearly confirm that it actually reduces the problem. There is even a degree of evidence that, under certain circumstances, a reverse asymmetry may exist in which a client has the technical knowledge to more successfully analyze the BIM model (relative to the organizations they contract with) and then use the resulting information to their own opportunistic advantage.

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The moral responsibility of project selectors

Cited by 23 publications

References 33 publications

Learning Analytics: Professional Fees Equilibrium and Ethics between Estate Surveyors and Valuers and Clients

Learning Analytics: Professional Fees Equilibrium and Ethics between Estate Surveyors and Valuers and Clients

Research on the Unethical Conducts and Practices among Professionals in the Construction Industry

How Far Can BIM Reduce Information Asymmetry in the Australian Construction Context?

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