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

By: Language: English Series: Construction management ; 7(4) Winter 1989, 331-345(15)Publication details: 1989Subject(s): Summary: 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.

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.