The creation of a special relationship between contracting parties in the design and construction industry .
THis relationship encourages the parties to change their traditional adversarial relationship to a more co-operative , team based approach , which promotes the achievement of mutually beneficial goals , including the prevention of major disputes .
Commitment from top management
free and open exchange of information
based on equality of all partners
keep project teams together
interest in mutual profitability
problem resolution
All parties seek a win-win solution
Each partner is aware of the other partner to achieve this
Value is placed on long-terms relationship
Overall performance is improved
All understand the no one benefits from exploiting the orher
Innovation is encouraged
Advantages
Encourages the parties to work together to attain the same desired result contract completiion - instead of engaging in fingerpointing whenver problem occur .
Helps eliminate surprisesrough incrased communications . Surprises can lead to delays and additional costs
Can minimise litigation by establishing informal confluict management procedures . Parties are able to anticipate and resolve prolems befor ethey become formal "disputes
Avoids disputes through the establishment of informal
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