Influence of Risk Allocation on Construction Project Management Performance: The Mediating Effect of the Contractor’s Performance Behavior
Publication: ICCREM 2022
ABSTRACT
The contractor’s performance behavior is critical to improving construction project management performance. Therefore, the owner can design contract terms of risk allocation to motivate the contractor’s performance behavior, resulting in improved project management performance. In this study, a theoretical model involving risk allocation as an independent variable, project management performance as a dependent variable, and contractor’s performance behavior as a mediator was built to investigate how risk allocation indirectly contributes to the improvement of project management performance. The contractor’s performance behavior is divided into perfunctory performance behavior, consummate performance behavior, and opportunistic behavior. A total of 208 valid questionnaires from the Chinese construction industry were collected and analyzed. The empirical results show that proper risk allocation can induce both contractor’s perfunctory behavior and consummate behavior, and control opportunistic behavior, thus achieving project basic performance. Although the mediating effect of perfunctory behavior is not significant, consummate behavior and opportunistic behavior can play a mediating role between risk allocation and project value-added performance. The findings can enlighten the owner and contractor to choose a proper risk allocation strategy.
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ICCREM 2022
Pages: 740 - 749
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Published online: Dec 15, 2022
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