The dynamics of adversarial relations
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The attempts by clients to manage the problem of moral hazzard and to reduce the scope of opportunistic behaviour by the contractor have the tendency to generate vicious circles of adversarial behaviour between parties.<ref name="winch">Winch, Graham M., Wiley-Blackwell, (2010) "Managing Construction Projects, 2nd edition "</ref>. The dynamic of adversarial relartions created by the client's desire to get the 'best deal', can generate an escalation of the transaction costs while the costs of production seem to be pushed down. <ref name="curtis"> Curtis, B., Ward, S. and Chapman, C., CIRIA, (1989) "Roles, Responsibilities and Risks in Management Contracting "</ref>. | The attempts by clients to manage the problem of moral hazzard and to reduce the scope of opportunistic behaviour by the contractor have the tendency to generate vicious circles of adversarial behaviour between parties.<ref name="winch">Winch, Graham M., Wiley-Blackwell, (2010) "Managing Construction Projects, 2nd edition "</ref>. The dynamic of adversarial relartions created by the client's desire to get the 'best deal', can generate an escalation of the transaction costs while the costs of production seem to be pushed down. <ref name="curtis"> Curtis, B., Ward, S. and Chapman, C., CIRIA, (1989) "Roles, Responsibilities and Risks in Management Contracting "</ref>. | ||
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Revision as of 03:16, 12 June 2017
The attempts by clients to manage the problem of moral hazzard and to reduce the scope of opportunistic behaviour by the contractor have the tendency to generate vicious circles of adversarial behaviour between parties.[1]. The dynamic of adversarial relartions created by the client's desire to get the 'best deal', can generate an escalation of the transaction costs while the costs of production seem to be pushed down. [2].
