This requires changing traditional relationships to a

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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...
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This document was uploaded on 01/28/2014.

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