Construction Research Congress 2020
A Process Model for Regulatory Adaptation in the Construction Industry
Publication: Construction Research Congress 2020: Project Management and Controls, Materials, and Contracts
ABSTRACT
Changes to the regulatory environment in which capital projects are planned, executed, and operated have led to uncertainty, delayed decisions, and costly disruptions. The objective of this study is to help construction industry organizations better deal with regulatory impacts throughout their capital projects. To this end, various data, information, and insights pertaining to regulatory changes were collected through different research activities (i.e., field visits, stakeholder surveys, and case studies) from a variety of perspectives including owners, operators, contractors, suppliers, engineering consultants, regulators, and trade associations. Accordingly, a regulatory adaptation process model was created. This model establishes and lays out the process through which companies can identify, evaluate, and respond to regulatory changes. The process model encompasses five sub-processes including regulatory horizon scanning, stakeholder engagement, risk and opportunity assessment, response strategy development, and compliance implementation. Each of these sub-processes includes a set of practices, activities, and decision points corresponding to the regulatory development life cycle.
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ACKNOWLEDGEMENT
This study is a part of a research effort that has been supported by the Construction Industry Institute (CII) Power, Utility, Infrastructure Sector Research Team (RT-PUI01). The opinions expressed in this paper represent those of the authors and not necessarily those of the CII.
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Published In
Construction Research Congress 2020: Project Management and Controls, Materials, and Contracts
Pages: 1311 - 1320
Editors: David Grau, Ph.D., Arizona State University, Pingbo Tang, Ph.D., Arizona State University, and Mounir El Asmar, Ph.D., Arizona State University
ISBN (Online): 978-0-7844-8288-9
Copyright
© 2020 American Society of Civil Engineers.
History
Published online: Nov 9, 2020
Published in print: Nov 9, 2020
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