Economic and Institutional Factors Influencing the Selection of Project Delivery Models for Built Heritage Conservation in India.

Selecting a suitable project delivery method is one of the most critical decisions responsible for project success in heritage conservation. This is an area where projects have greater uncertainties and governance issues in comparison to other building projects. India has a huge inventory of built heritage sites, but the heritage conservation sector is highly fragmented, with a wide range of project delivery methods. This paper discusses the selection of project delivery in the Indian context, using the theoretical lenses of agency theory, transaction cost economics (TCE), and institution theory. A conceptual framework has been proposed to explain the selection based on economical and institutional constructs. Our conclusion is that when institutional factors are weak, projects are executed departmentally or through non-priced contracts. In contrast, strong institutional forces discourage non-priced contracts and replace them with priced contracts. [ABSTRACT FROM AUTHOR]