DocumentCode
2964067
Title
The Contractor´s Incentive Management Based on Interface Payment for the Owner
Author
Yi, Tao ; Xiao, Chengchen ; Liu, Xiaming
Author_Institution
Dept. Bus. Adm., North China Electr. Power Univ., Beijing, China
fYear
2011
fDate
12-14 Aug. 2011
Firstpage
1
Lastpage
4
Abstract
Based on the maximum interest of the owner and contractor, this paper introduced mental accounting theory and the principle of timely incentive, and made use of which in the interface payment incentive management to the contractor ; in order to make sure of the incentive time and payment to achieve the greatest incentive effect to the contractor, this paper focused on a psychological point of view by building incentive model to make the two parties win-win.
Keywords
accounting; construction industry; contracts; incentive schemes; project engineering; contractors incentive management; incentive effect; incentive model; incentive time; interface payment incentive management; maximum interest; mental accounting theory; owner; timely incentive principle; Awards activities; Contracts; Genetic algorithms; Optimization; Psychology; Remuneration; Schedules;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science (MASS), 2011 International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-6579-8
Type
conf
DOI
10.1109/ICMSS.2011.5998214
Filename
5998214
Link To Document