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Risk Assessment of Ex-Post Transaction Cost in Construction Projects Using Structural Equation Modeling
2018
Sustainability
The transaction cost (TC) escalation is the pervasive problem in the construction industry, which is continuously a threat to maintaining the life cycle cost of projects. Researchers have described the reality of risk for economic transactions. This study has taken the risk as a phenomenon to explore its influence on ex-post TC in construction projects. A questionnaire survey was undertaken from industry professionals to assess the risk of ex-post TC escalation in public-sector construction
doi:10.3390/su10114017
fatcat:sduswrawdvc4phxssvflmfcrtq