Risk sharing structure of public procurement contracting as mutual holding of financial option
Project/Area Number |
23760484
|
Research Category |
Grant-in-Aid for Young Scientists (B)
|
Allocation Type | Multi-year Fund |
Research Field |
Civil engineering project/Traffic engineering
|
Research Institution | Kyoto University |
Principal Investigator |
ONISHI Masamitsu 京都大学, 工学(系)研究科(研究院), 助教 (10402968)
|
Project Period (FY) |
2011 – 2013
|
Project Status |
Completed (Fiscal Year 2013)
|
Budget Amount *help |
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2013: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2012: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2011: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
|
Keywords | 建設契約 / ジョイントベンチャー / リスク分担 / オプション / 連帯責任 / 建設マネジメント / 公共調達 / 契約 / 元請契約 |
Research Abstract |
Under the circumstance of severe budget constraint of national and local governments in Japan, the further efficiency of construction projects has been required. Risk sharing arrangement of contracting is important to give appropriate incentive toward risk management in construction projects to contractors. Construction contract does not permit the breach or termination of contract. In addition, under the joint venture (JV) contracting, more than one contractors undertake a project under the joint and several liability. This study theoretically proves that the efficient risk sharing of JV contracting is characterized by its payoff structure of JV members as financial option.
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Report
(4 results)
Research Products
(17 results)
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[Book] Thomas Telford Publishing2012
Author(s)
Kiyoshi Kobayashi, Khairuddin Abdul Rashid, Masamitsu Onishi, Sharina Farihah Hasan
Total Pages
252
Publisher
Joint Venture in Construction 2: Contract, governance, performance and risk
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