Value adding collaboration means in construction contracts : Based on document study investigating ongoing and finished case projects

Abstract

Public projects are becoming complex as the development of public infrastructures call for highly specialized competence and technological solutions. Public interest as well as stakeholders’ values are increasingly becoming more important as public project focuses shifts from maximizing profits to optimizing utilization of resources, also termed as value creation. Project owners as well as suppliers are preferring for contract forms that secure them against negative uncertainties and risks. Relational contracting is often regarded as means to integrate project owner and contractors’ interest. However due to the existing established traditional contract standards which is supported by the framework of the existing national law for contract standards, implementation of relational based contracts is still in pre-mature phase. The overall purpose of this thesis is to increase understanding on collaboration value creating means in the acquaintance, development, and construction of public infrastructure.