Research on collaborative construction of multiple subjects inside and outside the engineering project team: Based on the perspective of principal-Agent theory

Abstract

During the construction of the project team, many problems are faced. Based on the game theory perspective of principal-Agent, this paper constructs and analyses the game model inside and outside the engineering project team. The results show that: (1) in the internal knowledge contribution game of engineering project team, there is a game model of "Prisoner's Dilemma" among members. The final choice is often not to participate in the knowledge contribution, and this will damage its actual interests; (2) under the principal-Agent game model of the contractor and the engineering project team, the engineering project team needs to continuously increase knowledge and improve technology to achieve the increase of marginal revenue; (3) in the three-party principal-Agent game model of the owner, contractor and supervisor, the rent-seeking relationship between the supervisor and the contractor will affect the overall project efficiency, so it should be particularly vigilant. Finally, based on the above results, the countermeasures and suggestions for the collaborative construction management of multi-Agents inside and outside the engineering project team are proposed.