Research On The Influence Mechanism Of Trust And Risk Allocation In Construction Project

In order to improve the performance of large-scale project management, theoristsand practitioners have done a lot, which promote emergence of many new technologytools in domain of technology, information, contract management, and achievedremarkable results. But there is a blind spot not yet involved, which is the incentive ofproject manager. When looking for incentive approach of project governance, wefound proper risk allocation is a motivating factor. Because proper risk allocation canmake contractor control construction costs reasonably, and get compensation from thecontract status changes, so as to ensure the profits expected at the end of theconstruction process. Currently, despite that proper risk allocation has a positiveimpact on the performance of project management have been recognized bypractitioners, but in engineering practice risk allocation decisions paradox is stillwidespread. The owner does not favor the use of proper risk allocation that is helpfulfor contract implementation, which forms adverse selection of risk allocationdecisions. The contractor will not be able to obtain appropriate compensation whenthe contract status changes, and is motivated to exploit loopholes in the contract tomake profit, resulting in―acting dutifully‖and―smooth of project management "difficulty to form. The reason is that owner lacks trust on contractor and trustinsufficient supplies when designing risk allocation. Therefore, to explore impactmechanism of owner’s trust on proper risk allocation scheme formation andmechanism chain in which contractor achieves compensation when contract statuschanges, to form " trust–owner’s proper risk allocation-contractor acts dutifullywhile obtaining compensation when contract status changes " positive loop adaptiveprocess has become an important key scientific problems. For this reason, this paperdiscussed in the following four areas:1. Theoretical sort of trust and risk allocation in project: we analyzed researchprogress of risk allocation in construction project from perspectives of technology,organization and contract paradigms. Based on the sorting existing literature of trust,we analyzed fit of trust and risk allocation with paradigm tension as foothold, andproposed the potential impact of trust on the formation of risk allocation scheme.2. Design of research scheme of qualitative and quantitative study based reliabilityimprovement aim: As trust in construction project involves characteristics of scenarios dependency and moral risk, data reliability issue has become a bottleneck ofdevelopment of trust research in construction project. By building focus groups basedon optimal projection and "scenario into" semi-structured interview process designmodule, we designed targeting approaches for trust and risk allocation study.3. Building of―trust, proper risk allocation and contract status changescompensation‖theoretical assumptions model based on exploratory analysis withgrounded theory and interpretation of literature: because there lacks literaturestudying the relationship between trust and risk allocation, by establishing initialexploratory analysis model with grounded theory and analyzing social exchangebased on reciprocity, social capital, and incomplete contract theories, we build driver/moderating theoretical assumptions model between trust, proper risk allocation andcontract status changes compensation.4. Empirical Analysis based on sample data questionnaire: by fixing existingscales of trust and proper risk allocation, we finished hypothesis testing based on aquestionnaire survey, revealed driving action of trust on the formation of proper riskallocation and risk-sharing non-moderating act of trust on the relationship betweenproper risk allocation and contract status changes compensation.