An examination of the effect of incentives on the cost, schedule and safety performance of construction contracts

Abstract

The research conducted in this report consists of an in depth examination of the effect of incentives on the cost, schedule and safety of construction contracts. The data for this study was obtained from two surveys conducted by the Construction Industry Institute in 1997 and 1998. This data- base includes over 400 projects from 100 different companies. Projects are examined based on cost, schedule and safety factors which are calculated and than compared for projects with positive incentives, negative incentives, both positive and negative incentives and no incentives