Communication risk is of crucial importance in construction projects. The situation in which one of the project parties is better informed than another is known as information asymmetry. This problem is addressed by the principal-agent theory. According to this theory, information asymmetries...

1. Research background -- 2. Why trust matters in construction projects -- 3. The new institutional economics -- 4. The role of project managers in construction projects -- 5. The role of trust in construction projects -- 6. Research framework for the study of trust in construction projects --...