| The construction industry has been great impacted by two events in the last century. One is the Oil Crisis in 1970s and the other one is the development of New Economics in 1990s. Both of them bring the far-reaching changes to the environment of construction industry, such as the fiercely competitions, the lack of construction resource, the increasing risks which caused by the economic fluctuations and so on. According to the changes, construction relevance enterprises try to modulate their strategies, transfer the opposite competition to the corporate competition. Project Partnering, as a new construction management method, has provided a new thought for the construction industry.Project Partnering is characterized by trust, cooperation, and coordination in its management mechanism. Partnering try to change the risks transfer, interest conflict existed in projects into win-win by use of cooperation strategy. It is suggested that Project Partnering improves productivity, lowers costs and provides the product of construction to satisfactory standards and time. In mainland of China, Project Partnering still not be introduced into practice, and little research has been done on it.Project Partnering is conceived as middle organization forms between enterprises and markets and loosely coupled and agile based on the restriction and coordination by Partnering contract. Because of the existence of environmental uncertainty, Partnering project should put emphasis on and rely on trust mechanism to ensure steady development of Partnering.This paper systematically analyzes the economic motives and the connotation of Project Partnering, creates a Project Partnering works process that can be used in practice, describes Partnering organization characteristics. On the base of it, the trust of Project Partnering is analyzed. And then the game theory is applied to research the trust mechanism in it. Finally, this paper gives some suggestions to establish Project Partnering for mainland. |
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