• 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