Value is a subjective term and is manifested in different ways such as attitude, belief, desire, preference, need and criteria. In this paper, a cognitive value management model for construction procurement is developed to examine how value is influenced by previous project outcomes and other...

Construction projects are typified by the involvement of a number of participants. Each project team member has his/own expertise, and would contribute towards the success of the project. However, since their inputs are often interdependent, conflicts may arise in some circumstances. This is...