Abstract
Construction systems have been subject to significant changes in recent years, resulting from developments in demands, requirements, regulations, financial possibilities, and technological innovations. These changes affect both projects and contracting in the construction sector. Contracts typically suggest a certain level of stability in a construction environment that is actually highly dynamic. Flexibility in construction projects is becoming an increasingly important tool to deal with unpredictable circumstances. The questions arise: how to deal with changing circumstances in this dynamic environment, and how much flexibility is required? Can flexibility in contracts and contracting be achieved? Answering these questions requires rethinking the approach towards long term dynamics in contracting. The purpose is to develop a theoretical framework for contract flexibility in a dynamic environment.
| Original language | English |
|---|---|
| Title of host publication | Life-Cycle of Engineering Systems |
| Subtitle of host publication | Emphasis on Sustainable Civil Infrastructure - 5th International Symposium on Life-Cycle Engineering, IALCCE 2016 |
| Editors | Jaap Bakker, Dan M. Frangopol, Klaas van Breugel |
| Publisher | CRC Press/Balkema |
| Pages | 1476-1483 |
| Number of pages | 8 |
| ISBN (Print) | 9781138028470 |
| Publication status | Published - 1 Jan 2017 |
| Externally published | Yes |
| Event | 5th International Symposium on Life-Cycle Engineering 2016: Life-Cycle of Engineering Systems: Emphasis on Sustainable Civil Infrastructure - Delft, Netherlands Duration: 16 Oct 2016 → 19 Oct 2016 Conference number: 5 http://www.ialcce2016.org/ |
Conference
| Conference | 5th International Symposium on Life-Cycle Engineering 2016 |
|---|---|
| Abbreviated title | IALCCE 2016 |
| Country/Territory | Netherlands |
| City | Delft |
| Period | 16/10/16 → 19/10/16 |
| Internet address |