Centro de Território, Ambiente e Construção
Escola de Engenharia da Universidade do Minho
Campus de Azurém
4800-058 Guimarães, Portugal
Phone: + 351 253 510 200 (517 206)
Fax: + 351 253 510 217
Email: geral@ctac.uminho.pt
Title | Relational contracting and its combination with the BIM methodology in mitigating asymmetric information problems in construction projects |
Publication Type | Papers in International Journals |
Year of Publication | 2021 |
Authors | Marinho A., Couto J. P., and Teixeira J. M. C. |
Abstract | Project management in the construction sector is a complex and uncertain process and companies tend to look for the lowest value in the procurement of services and materials. However, contractors do not share the necessary information with the contracted parties and thus give rise to the asymmetric information (AI) phenomenon. The aim of this study is to perform an analysis of the determining factors in the adoption of relational contracting (RC) in combination with Building Information Modelling (BIM) to reduce AI. The results of a questionnaire survey, which was e-mailed to 14 specialists with solid experience (over twenty years) and knowledge in construction projects, revealed that the probability of the AI phenomenon occurring in Portugal is very high, and its impact on construction projects is equally high. The results also show that RC in combination with the BIM methodology contributes very positively to the mitigation of AI problems in construction projects in Portugal. Approximately 85% of respondents consider that the government should seek to reduce AI in the public works sector through the use of RC and its combination with the BIM methodology in the Portuguese Public Contracts Code. |
Journal | Journal of Civil Engineering and Management |
Volume | 27 |
Issue | 4 |
Pagination | 217-229 |
Date Published | 2021-04-16 |
Publisher | Vilnius Tech |
ISSN | 1392-3730 |
DOI | 10.3846/jcem.2021.14742 |
Keywords | asymmetric information, BIM, construction projects, Portugal, relational contracting |
Citation | Marinho, A., Couto, J., & Teixeira, J. (2021). Relational contracting and its combination with the BIM methodology in mitigating asymmetric information problems in construction projects. Journal of Civil Engineering and Management, 27(4), 217-229. https://doi.org/10.3846/jcem.2021.14742 |
Rights | openAccess |
Peer reviewed | yes |
Status | published |
The Centre for Territory, Environment and Construction (CTAC) is a research unit of the School of Engineering of University of Minho (UMinho), recognised by the “FCT – Fundação para a Ciência e Tecnologia” (Foundation for Science and Technology), associated to the Department of Civil Engineering (DEC), with whom it shares resources and namely human resources.
Currently CTAC aggregates 25 researchers holding a PhD of which 20 are faculty professors of the Civil Engineering Department. Read more
Centro de Território, Ambiente e Construção
Escola de Engenharia da Universidade do Minho
Campus de Azurém
4800-058 Guimarães, Portugal
Phone: + 351 253 510 200 (517 206)
Fax: + 351 253 510 217
Email: geral@ctac.uminho.pt