DocumentCode :
2144146
Title :
Notice of Retraction
The Research of the Design Contractors´ Incentive Management for Owner
Author :
Tao Yi ; Chengchen Xiao ; Gong Xiao
Author_Institution :
Dept. Bus. Adm., North China Electr. Power Univ., Beijing, China
fYear :
2010
fDate :
24-26 Aug. 2010
Firstpage :
1
Lastpage :
5
Abstract :
Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Design plays an important role in the whole project life cycle, but currently, the deficiencies of the design management make the project investment increase in the early stage of construction, and the design progress can not keep up with the project progress. During the construction phase, design changes are excessive and design cannot coordinate with construction, which lead the project cost to increase. In order to tackle the problems mentioned above, this paper applies incentive mechanism to the owners´ contract management on the design based on the basic principles of psychology, and incentive management is applied to the design through cost-plus incentive fee contract. First of all, this paper selects four incentive parameters to evaluate the work of the design: reasonable economic design proposal, design progress, reliable technology and design service. And then, the amount of reward or punishment on the design is determined using Taylor´s scientific management methods; according to the expectation theory of From, the benchmark of rewards and punishment is determined to maximize desired incentive intensity, which further contributes to the building of cost plus incentive fee contract.. Finally, a practical example is used to show the reasonable design of the incentive contract.
Keywords :
costing; design engineering; incentive schemes; project management; cost-plus incentive fee contract; design contractor; design management; incentive management; project cost; project investment; project life cycle; Construction industry; Contracts; Economics; Probability density function; Reliability engineering; Schedules;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Type :
conf
DOI :
10.1109/ICMSS.2010.5576011
Filename :
5576011
Link To Document :
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