The construction firm and the construction project: a transaction cost approach

Winch, G.

The construction firm and the construction project: a transaction cost approach - 1989 - Construction management 7(4) Winter 1989, 331-345(15) .

Discusses three influential perspectives for analysing construction management ; socio-technical systems, organisation and environment and project management. Criticises their usefulness and presents a new theory, the transaction cost approach, which it suggests allows the differences in interest between several firms in a coalition to be analysed. Something the other approaches do not offer.


CONTRACTING SYSTEM
CONTRACTING UNCERTAINTY
PROJECT COALITION
PROJECT TEAMS
PROJECT UNCERTAINTY