ch6_partnering_1

This requires changing traditional relationships to a

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: maximizing the effectiveness of each participant’s resources. – This requires changing traditional relationships to a shared culture without regard to organizational boundaries. – The relationship is based on trust, dedication to common goals, and an understanding of each other’s individual expectations and values. – Expected benefits include improved efficiency and cost effectiveness, increased opportunity for innovation, and the continuous improvement of quality products and services. • Both attribute and process definition. • Strategic partnering 4 1 Background • The Associated General Contractors of America (AGC) defined partnering as: – A way of achieving an optimum relationship between a customer and a supplier. – It is a method of doing business in which a person’s word is his or her bond and where people accept responsibility for their actions. – Partnering is not a business contract but a recognition that every contract includes an implied covenant of good faith. • Mainly attribute definition. • Project partnering 5 1 Background • Project partnering: – partnering undertaken on a single project. At the end of the project the partnering relationship is terminated and another relationship is commenced on the next project. • Strategic partnering: – takes place where two or more firms use partnering on a longterm basis to undertake more than one construction project. • Strategic partnering relationships accumulate benefits on individual p...
View Full Document

This document was uploaded on 01/28/2014.

Ask a homework question - tutors are online