Research Article
Sep 1980
Construction Joint Ventures
Publication: Journal of the Construction Division
Volume 106, Issue 3
Abstract
A construction joint venture is a partnership of contractors who have formed a business alliance for the purpose of undertaking a project. Motivation for such an alliance may be technological complexity, political expediancy, large size, or high risk. An analysis of the risk-sharing characteristics is presented concentrating on principles of diversification for the individual contractors and competitive advantage of the joint venture as a whole. A formulation of risk-sharing rules and basic contractor risk behavioral criteria leads to the development of a methodology for optimal joint-venture share allocation. By means of a three contractor joint-venture example the optimal allocation of shares is demonstrated, as well as a verification of principles of diversification and competitive advantage.
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Published In
Journal of the Construction Division
Volume 106 • Issue 3 • September 1980
Pages: 267 - 280
Copyright
© 1980 American Society of Civil Engineers.
History
Published in print: Sep 1980
Published online: Feb 11, 2021
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Authors
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David B. Ashley, AM.ASCE
Asst. Prof., Construction Engrg. and Project Management Program, Dept. of Civ. Engrg., Massachusetts Inst. of Tech., Cambridge, Mass.
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.