Study on Contract Credit Structure of Construction Project Based on SEM

Abstract

Engineeringcontract confirmed the project’global goals like cost、time、quality、safety and environment, clearly stipulated the rights and obligationsof the responsible party. So contract management wass the core of projectmanagement. A good contract credit had a positive effect on the contractmanagement. This article analyzed the LCM (Life-cycle management) of theconstruction project, and attempted toestablish a set of scientific、reasonable credit evaluation system. Based on the SEM (StructuralEquation Model) theory, this paperanalyzed and identified the structure of the contract credit and built the quantitativeevaluation model for the construction contract credit. Through the investigation of the empirical dataanalysis, the model’s fitting results shownthe more reliability and stability.