The Significance of Relational Contracts
allows for growth of trust and communication, there is another more extreme mode of operation called partner alliancing. “Similarly, project alliancing takes relational contracting to the extreme compared to the current forms of integrated project delivery and, especially, project partnering.” (Lahdenperä 57) What is project partnering and project alliancing? Project partnering “is a single project application of a management approach used by two or more organizations to achieve specific business objectives…(Lahdenperä 58) Project alliancing describes the approach of “delivering major capital assets where owner and non-owner participants work together as an integrated, collaborative team… Continue Reading...