Can claims and dsiputes (in construction contracts) be prevented or reduced?
Authors
Citation
Building journal Hong Kong China, Jun, 2003, pp. 45-53
Abstract
(1) Abstract
(2) Introduction
(3) Causes of conflict, claims and disputes: a transaction cost economics perspective
(a) Contractual incompletedness
(i) Bounded rationality
(ii) Risk and uncertainty
(iii) Complexity
(b) Opportunism
(c) Asset specificity
(4) Case study - Hong Kong's Airport Core Programme
(a) Chak Lap Kok Builders wants $1.6b for extras
(b) Large contract claims 'usual'
(5) Measures for preventing / reducing claims and disputes
(a) Limit / reduce contractual imcompletedness
(b) Attenuation of opportunism
(i) Institutional factors
(ii) An efficient and "well-informed" client
(iii) Alternative dispute resolution
(iv) Economic factors
(6) Conclusions
(7) References
Description
Subject
Type
Article
Format
Date
2003
Language
en