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dc.contributor.advisorHaaskjold, Haavard
dc.contributor.authorJalilvand, Pouria
dc.date.accessioned2021-09-24T18:21:41Z
dc.date.available2021-09-24T18:21:41Z
dc.date.issued2020
dc.identifierno.ntnu:inspera:57228123:24097193
dc.identifier.urihttps://hdl.handle.net/11250/2781751
dc.description.abstract
dc.description.abstractThis study is conducted based on a need for more empirical research on transaction cost in construction projects. This study is also a response to the call from Li et al. (2015) for more research on their framework for determinants of transaction cost in construction projects. The purpose of the thesis is to contribute with more empirical data to the understanding of transaction cost in different phases of construction projects, regardless of the type of contracts. The objective is to statistically compare ‘the strength of the factors that affect transaction cost’ between different phases of construction projects. To fulfil the purpose and objective of the study, a statistical investigation was conducted on high-quality empirical data from 142 construction projects in Norway. The investigation was conducted to check if there is any statistically significant difference in ‘strength of the factors that affect transaction cost’ between project phases. The factors that affect transaction cost were selected from Li et al.’s (2015) framework that introduce 26 factors that determine transaction cost in projects. Based on the findings of the statistical investigation, 4 qualitative interviews were conducted with project managers with experience in three different types of construction projects. the respondents had on average 18 years of professional experience. The interviews aimed to investigate the reasons for the significant differences found in the statistical investigation. The interviews were conducted to reach a better understanding of the topic. The findings of the statistical analysis show that there is a statistically significant difference in quality of communication, as a factor that affect transaction cost, between planning and execution phases. More specifically, the statistical findings show that the quality of communication is significantly better in execution than in planning phase of construction projects. The reason for this difference was investigated through the qualitative interviews. Based on the interview findings, communication channel, informal communication, and access to/availability of information ware the reasons for the difference found in the statistical analysis. This study contributes to the body of knowledge with more empirical data and research on transaction cost in construction project context. There was no research before that compare determinants of transaction cost between different project phases. In addition, no research was found that qualitatively investigate quality of communication between project phases and particularly between planning and execution phases from transaction cost perspective. The statistical findings of this study identifies the determinants of transaction cost that are significantly stronger or weaker in one phase than in other phases. Project practitioners who want to improve this situation/imbalance, can use the qualitative findings to prioritize their resources based on the reasons/factors that cause the imbalance. Keywords: Transaction cost economics, Project management
dc.language
dc.publisherNTNU
dc.titleFactors that Affect Transaction Cost in Different Project Phases
dc.typeMaster thesis


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