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The aim of this paper is to explore some of the
basic principles of project management from a transaction cost perspective in
order to provide both a common frame of reference for the Groupe, and a basis
for establishing what the research questions might be for the empirical phase of
the research programme. It is one of five such theme papers which form the
theoretical framework for the Groupe's empirical research. The first question to
be addressed is why do project organisations exist, and the second is why they
take the particular form that they do in construction? The paper will then go on
to discuss some conceptual issues before making some concluding comments.
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