This paper suggests that co-operative benchmarking should be used as a tool for achieving partnering excellence in construction projects. The paper presents an eight-stage process of a co-operative benchmarking approach which can be used to improve the performance of parties entering into partnering agreements (the COBAP process). It is suggested that the establishment of a COBAP team and effective management of the COBAP process, can stimulate a series of positive outcomes such as mutual trust, commitment, creativity and continuous improvement. The implementation of the COBAP can be used as a mechanism for collective learning, which can sustain a competitive advantage. Copyright © 2001 Elsevier Science Ltd and IPMA. All rights reserved.
|Journal||International Journal of Project Management|
|Publication status||Published - Apr 2001|
CitationLi, H., Cheng, E. W. L., Love, P. E. D., & Irani, Z. (2001). Co-operative benchmarking: A tool for partnering excellence in construction. International Journal of Project Management, 19(3), 171-179. doi: 10.1016/S0263-7863(99)00033-2