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When claims happen in the process of construction, in order to determine an amount compensated to the contractor, normally the owner and the contractor have to negotiate with each other or even refer to mediation and arbitration, which is a bargaining process as a whole. This paper interprets the discount factor in this process as a kind of hidden cost and sets out its three influencing factors. Then...
Construction change is common and inevitable in construction practice and it makes up a large proportion of the initial contract price. Thus disputes often arise between the owner and the contractor in the process of change pricing. Based on this issue, this paper develops a Dynamic Game Model to analyze this process. After solving the game tree, the paper gets the equilibration paths in different...
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