Contingency release during project execution: the contractor’s decision-making dilemma
Article
Ayub, Bilal, Thaheem, Muhammad Jamaluddin and Ullah, Fahim. 2019. "Contingency release during project execution: the contractor’s decision-making dilemma." Project Management Journal. 50 (6), pp. 734-748. https://doi.org/10.1177/8756972819848250
| Article Title | Contingency release during project execution: the contractor’s decision-making dilemma |
|---|---|
| ERA Journal ID | 19374 |
| Article Category | Article |
| Authors | Ayub, Bilal (Author), Thaheem, Muhammad Jamaluddin (Author) and Ullah, Fahim (Author) |
| Journal Title | Project Management Journal |
| Journal Citation | 50 (6), pp. 734-748 |
| Number of Pages | 15 |
| Year | 2019 |
| Place of Publication | United States |
| ISSN | 1938-9507 |
| 8756-9728 | |
| Digital Object Identifier (DOI) | https://doi.org/10.1177/8756972819848250 |
| Web Address (URL) | https://journals.sagepub.com/doi/10.1177/8756972819848250 |
| Abstract | Risk is inherent in construction projects and managed through contingency. Dynamic management of contingency escrow accounts during project execution poses decision-making challenges. Project managers use key performance indicators (KPIs) for contingency release decisions. However, their subjective mental models influence risk perception, exacerbating the decision-making dilemma. This research integrates project KPIs with future risk perception to develop a mathematical model for facilitating such decision making. Results suggest timely completion, project cost, stakeholder satisfaction, quality and safety as top KPIs, and the influence of managerial pressure as a significant decision contributor. The proposed model helps project managers in dynamic decision making for cost contingency. |
| Keywords | contingency management, contingency release, key performance indicators, mathematical model |
| ANZSRC Field of Research 2020 | 330202. Building construction management and project planning |
| Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
| Byline Affiliations | Royal Melbourne Institute of Technology (RMIT) |
| National University of Sciences and Technology, Pakistan | |
| University of New South Wales | |
| Institution of Origin | University of Southern Queensland |
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Malik, Qurratulain, Nasir, Abdur Rehman, Muhammad, Rabiah, Thaheem, Muhammad Jamaluddin, Ullah, Fahim, Khan, Khurram Iqbal Ahmad and Hassan, Muhammad Usman. 2021. "BIMp-chart — a global decision support system for measuring BIM implementation level in construction organizations." Sustainability. 13 (16), pp. 1-25. https://doi.org/10.3390/su13169270Urban overheating assessment through prediction of surface temperatures: a case study of Karachi, Pakistan
Aslam, Bilal, Maqsoom, Ahsen, Khalid, Nauman, Ullah, Fahim and Sepasgozar, Samad. 2021. "Urban overheating assessment through prediction of surface temperatures: a case study of Karachi, Pakistan." ISPRS International Journal of Geo-Information. 10 (8), pp. 1-22. https://doi.org/10.3390/ijgi10080539UAVs in disaster management: application of integrated aerial Imagery and convolutional neural network for flood detection
Munawar, Hafiz Suliman, Ullah, Fahim, Qayyum, Siddra, Khan, Sara Imran and Mojtahedi, Mohammad. 2021. "UAVs in disaster management: application of integrated aerial Imagery and convolutional neural network for flood detection." Sustainability. 13 (14), pp. 1-22. https://doi.org/10.3390/su13147547A conceptual framework for blockchain smart contract adoption to manage real estate deals in smart cities
Ullah, Fahim and Al-Turjman, Fadi. 2023. "A conceptual framework for blockchain smart contract adoption to manage real estate deals in smart cities." Neural Computing and Applications. 35 (7), p. 5033–5054. https://doi.org/10.1007/s00521-021-05800-6Investigating the flood damages in Lower Indus Basin since 2000: spatiotemporal analyses of the major flood events
Atif, Salman, Umar, Muhammad and Ullah, Fahim. 2021. "Investigating the flood damages in Lower Indus Basin since 2000: spatiotemporal analyses of the major flood events." Natural Hazards. 108, pp. 2357-2383. https://doi.org/10.1007/s11069-021-04783-wRisk management in sustainable smart cities governance: a TOE framework
Ullah, Fahim, Qayyum, Siddra, Thaheem, Muhammad Jamaluddin, Al-Turjman, Fadi and Sepasgozar, Samad M.E.. 2021. "Risk management in sustainable smart cities governance: a TOE framework." Technological Forecasting and Social Change. 167. https://doi.org/10.1016/j.techfore.2021.120743Advertising through UAVs: Optimized path system for delivering smart real‐estate advertisement materials
Ullah, Fahim, Al-Turjman, Fadi, Qayyum, Siddra, Inam, Hina and Imran, Muhammad. 2021. "Advertising through UAVs: Optimized path system for delivering smart real‐estate advertisement materials." International Journal of Intelligent Systems. 36 (7), pp. 3429-3463. https://doi.org/10.1002/int.22422Modelling users’ perception of the online real estate platforms in a digitally disruptive environment: an integrated KANO-SISQual approach
Ullah, Fahim, Sepasgozar, Samad M.E., Shiwrozhan, Sara and Davis, Steven. 2021. "Modelling users’ perception of the online real estate platforms in a digitally disruptive environment: an integrated KANO-SISQual approach." Telematics and Informatics. 63. https://doi.org/10.1016/j.tele.2021.101660Application of deep learning on UAV-based aerial images for flood detection
Munawar, Hafiz Suliman, Ullah, Fahim, Qayyum, Siddra and Heravi, Amirhossein. 2021. "Application of deep learning on UAV-based aerial images for flood detection." Smart Cities. 4 (3), pp. 1220-1243. https://doi.org/10.3390/smartcities4030065Best Value Contractor Selection in Road Construction Projects: ANP-Based Decision Support System
Hasnain, Muhammad, Thaheem, Muhammad Jamaluddin and Ullah, Fahim. 2018. "Best Value Contractor Selection in Road Construction Projects: ANP-Based Decision Support System." International Journal of Civil Engineering. 16 (6), pp. 695-714. https://doi.org/10.1007/s40999-017-0199-2Concession period of public private partnership projects: industry–academia gap analysis
Ullah, Fahim and Thaheem, Muhammad Jamaluddin. 2018. "Concession period of public private partnership projects: industry–academia gap analysis." The International Journal of Construction Management. 18 (5), pp. 418-429. https://doi.org/10.1080/15623599.2017.1333400A systematic review of smart real estate technology: drivers of, and barriers to, the use of digital disruptive technologies and online platforms
Ullah, Fahim, Sepasgozar, Samad M.E. and Wang, Changxin. 2018. "A systematic review of smart real estate technology: drivers of, and barriers to, the use of digital disruptive technologies and online platforms." Sustainability. 10 (9), pp. 1-44. https://doi.org/10.3390/su10093142System dynamics model to determine concession period of PPP infrastructure projects: overarching effects of critical success factors
Ullah, Fahim, Thaheem, Muhammad Jamaluddin, Sepasgozar, Samad M. E. and Forcada, Nuria. 2018. "System dynamics model to determine concession period of PPP infrastructure projects: overarching effects of critical success factors." Journal of Legal Affairs and Dispute Resolution in Engineering and Construction. 10 (4). https://doi.org/10.1061/(ASCE)LA.1943-4170.0000280The performance gap in energy-efficient office buildings: how the occupants can help?
Ali, Qadeer, Thaheem, Muhammad Jamaluddin, Ullah, Fahim and Sepasgozar, Samad M. E.. 2020. "The performance gap in energy-efficient office buildings: how the occupants can help?" Energies. 13 (6). https://doi.org/10.3390/en13061480Key factors influencing purchase or rent decisions in smart real estate investments: a system dynamics approach using online forum thread data
Ullah, Fahim and Sepasgozar, Samad M. E.. 2020. "Key factors influencing purchase or rent decisions in smart real estate investments: a system dynamics approach using online forum thread data." Sustainability. 12 (11), pp. 1-36. https://doi.org/10.3390/su12114382Smart digital marketing capabilities for sustainable property development: a case of Malaysia
Low, Sheen, Ullah, Fahim, Shiwrozhan, Sara, Sepasgozar, Samad M. E. and Lee, Chyi Lin. 2020. "Smart digital marketing capabilities for sustainable property development: a case of Malaysia." Sustainability. 12 (13), pp. 1-40. https://doi.org/10.3390/su12135402Six Sigma in construction: a review of critical success factors
Qayyum Siddiqui, Siddra, Ullah, Fahim, Thaheem, Muhammad Jamaluddin and Gabriel, Hamza Farooq. 2016. "Six Sigma in construction: a review of critical success factors." International Journal of Lean Six Sigma. 7 (2), pp. 171-186. https://doi.org/10.1108/ijlss-11-2015-0045Labor Productivity Assessment Using Activity Analysis on Semi High-Rise Building Projects in Pakistan
Sheikh, Noaman Akbar, Ullah, Fahim, Ayub, Bilal and Thaheem, Muhammad Jamaluddin. 2017. "Labor Productivity Assessment Using Activity Analysis on Semi High-Rise Building Projects in Pakistan." Engineering Journal. 21 (4), pp. 273-286. https://doi.org/10.4186/ej.2017.21.4.273Influence of Six Sigma on project success in construction industry of Pakistan
Ullah, Fahim, Thaheem, Muhammad Jamaluddin, Qayyum Siddiqui, Siddra and Khurshid, Muhammad Bilal. 2017. "Influence of Six Sigma on project success in construction industry of Pakistan." The TQM Journal. 29 (2), pp. 276-309. https://doi.org/10.1108/TQM-11-2015-0136Examining the impact of students’ attendance, sketching, visualization, and tutors experience on students’ performance: a case of building structures course in construction management
Ullah, Fahim, Sepasgozar, Samad, Tahmasebinia, Faham, Sepasgozar, Saleh Mohammad Ebrahimzadeh and Davis, Steven. 2020. "Examining the impact of students’ attendance, sketching, visualization, and tutors experience on students’ performance: a case of building structures course in construction management." Construction Economics and Building. 20 (3), pp. 78-102. https://doi.org/10.5130/AJCEB.v20i3.7056Competitiveness in the construction industry: A contractor’s perspective on barriers to improving the construction industry performance
Azeem, Moazzam, Ullah, Fahim, Thaheem, Muhammad J. and Qayyum, Siddra. 2020. "Competitiveness in the construction industry: A contractor’s perspective on barriers to improving the construction industry performance." Journal of Construction Engineering, Management & Innovation. 3 (3), pp. 193-219. https://doi.org/10.31462/jcemi.2020.03193219Empirical evidence of extension of time in construction projects
Shabbar, Haroon, Ullah, Fahim, Ayub, Bilal, Thaheem, Muhammad Jamaluddin and Gabriel, Hamza Farooq. 2017. "Empirical evidence of extension of time in construction projects." Journal of Legal Affairs and Dispute Resolution in Engineering and Construction. 9 (3). https://doi.org/10.1061/(ASCE)LA.1943-4170.0000217It's all about perceptions: A DEMATEL approach to exploring user perceptions of real estate online platforms
Ullah, Fahim, Sepasgozar, Samad M. E., Thaheem, Muhammad Jamaluddin, Wang, Changxin Cynthia and Imran, Muhammad. 2021. "It's all about perceptions: A DEMATEL approach to exploring user perceptions of real estate online platforms." Ain Shams Engineering Journal. 12 (4), pp. 4297-4317. https://doi.org/10.1016/j.asej.2021.04.023Addressing disasters in smart cities through UAVs path planning and 5G communications: A systematic review
Qadir, Zakria, Ullah, Fahim, Munawar, Hafiz Suliman and Al-Turjman, Fadi. 2021. "Addressing disasters in smart cities through UAVs path planning and 5G communications: A systematic review." Computer Communications. 168, pp. 114-135. https://doi.org/10.1016/j.comcom.2021.01.003Managing smart cities through six sigma DMADICV method: A review-based conceptual framework
Qayyum, Siddra, Ullah, Fahim, Al-Turjman, Fadi and Mojtahedi, Mohammad. 2021. "Managing smart cities through six sigma DMADICV method: A review-based conceptual framework." Sustainable Cities and Society. 72, pp. 1-19. https://doi.org/10.1016/j.scs.2021.103022A review of public-private partnership: critical factors of concession period
Ullah, Fahim, Ayub, Bilal, Qayyum, Siddra and Thaheem, Muhammad Jamaluddin. 2016. "A review of public-private partnership: critical factors of concession period." Journal of Financial Management of Property and Construction. 21 (3), pp. 269-300. https://doi.org/10.1108/JFMPC-02-2016-0011Economic-efficiency analysis of rawalpindi bypass project: A case study
Mehmood, Yasir, Zahoor, Hafiz and Ullah, Fahim. 2019. "Economic-efficiency analysis of rawalpindi bypass project: A case study." Wu, Peng and Wang, Xiangyu (ed.) Innovative Production and Construction: Transforming Construction through Emerging Technologies. Singapore. World Scientific Publishing. pp. 531-555Implication of a Construction Labour Tracking System for Measuring Labour Productivity
Shiwrozhan, Sara, Sepasgozar, Samad M. E., Ullah, Fahim and Minhas, Pavneet Singh. 2019. "Implication of a Construction Labour Tracking System for Measuring Labour Productivity." Wu, Peng and Wang, Xiangyu (ed.) Innovative Production and Construction: Transforming Construction through Emerging Technologies. Singapore. World Scientific Publishing. pp. 1-15A Study of Information Technology Adoption for Real-Estate Management: A System Dynamic Model
Ullah, Fahim and Sepasgozar, Samad M. E.. 2019. "A Study of Information Technology Adoption for Real-Estate Management: A System Dynamic Model." Wu, Peng and Wang, Xiangyu (ed.) Innovative Production and Construction: Transforming Construction through Emerging Technologies. Singapore. World Scientific Publishing. pp. 469-486Real Estate Stakeholders Technology Acceptance Model (RESTAM): User-focused Big9 Disruptive Technologies for Smart Real Estate Management
Ullah, Fahim, Sepasgozar, Samad and Ali, Tauha Hussain. 2019. "Real Estate Stakeholders Technology Acceptance Model (RESTAM): User-focused Big9 Disruptive Technologies for Smart Real Estate Management." 9th International Civil Engineering Congress (ICEC 2017). Karachi, Pakistan 22 - 23 Dec 2017 Pakistan.An Investigation of Real Estate Technology Utilization in Technologically Advanced Marketplace
Ullah, Fahim, Sepasgozar, Samad M.E. and Siddiqui, Siddra Qayyum. 2017. "An Investigation of Real Estate Technology Utilization in Technologically Advanced Marketplace." 9th International Civil Engineering Congress (ICEC-2017) . Karachi, Pakistan 22 - 23 Dec 2017 Pakistan. https://doi.org/10.26190/unsworks/26543Sustainable Smart Cities: Evaluation of Australian Practice
Ullah, Fahim, Thaheem, Muhammad Jamaluddin and Sepasgozar, Samad M.E.. 2016. "Sustainable Smart Cities: Evaluation of Australian Practice." Cheng, Jack C.P., Dawood, Nashwan and Kuang, JS (ed.) 16th International Conference on Construction Applications of Virtual Reality (CONVR 2016). Hong Kong 11 - 13 Dec 2016 Hong Kong.This item comprises data from the following sources: Web of Science