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Knowledge Management in Composition of Construction Contracts

Author

Listed:
  • Eva Trinkūnienė

    (Vilnius Gediminas Technical University)

  • Vaidotas Trinkūnas

    (Vilnius Gediminas Technical University)

Abstract

The objective of this paper is to present a model which will allow knowledge management in construction contracts composition. It was decided to investigate the possibilities to manage knowledge in constructions contracts composition. The complexity of construction process interested parties, construction contract life cycle, multilayer construction contracts modelling possibilities were evaluated. There are many possibilities for construction contracts composition. In order to make well-considered construction contract it is not enough to know the civil law, construction, management and so on. You have to use experience earned during long time. Good practice and earlier mistakes have to be evaluated. Proposed model can be used and practically implemented in construction contracts evaluation system. The structure of proposed model allows realising complex view to contract preparation, evaluate corporation knowledge and can be very helpful for construction contractors, subcontractors, investors and other related construction process participants which can improve construction contracting using collected experience and best practice in construction contract making allows to avoid mistakes. In the following research, model of information system for construction contracts structural analysis (previously developed by the authors) is additionally developed by taking into consideration the possibility to use the knowledge management.

Suggested Citation

  • Eva Trinkūnienė & Vaidotas Trinkūnas, 2014. "Knowledge Management in Composition of Construction Contracts," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 2(4), pages 101-112.
    • Handle: RePEc:krk:eberjl:v:2:y:2014:i:4:p:101-112
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    References listed on IDEAS

    as
    1. Martin Skitmore & Hedley Smyth, 2007. "Pricing construction work: a marketing viewpoint," Construction Management and Economics, Taylor & Francis Journals, vol. 25(6), pages 619-630.
    2. Willem Karel M. Brauers & Edmundas Kazimieras Zavadskas & Zenonas Turskis & Tatjana Vilutiene, 2008. "Multi‐objective contractor's ranking by applying the Moora method," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 9(4), pages 245-255, July.
    3. Martin Skitmore, 2008. "First and second price independent values sealed bid procurement auctions: some scalar equilibrium results," Construction Management and Economics, Taylor & Francis Journals, vol. 26(8), pages 787-803.
    4. Valentinas Podvezko, 2009. "Application of AHP technique," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 10(2), pages 181-189, March.
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    Cited by:

    1. Zakharova Oksana, 2019. "Specificity of Knowledge Management in the Enterprise in Dependence on the Stage of the Person’s Life Cycle," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1447-1465, December.

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    More about this item

    Keywords

    knowledge management; construction contracts; contracts evaluation;
    All these keywords.

    JEL classification:

    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law

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