The Interaction Between Trust And Contract

In recent years, with the rapid development of the domestic economy, the construction project as a carrier of the national investment in fixed assets, is becoming more and more complex and huge development. EPC general contract project management mode which can effectively shorten the project construction period, greatly reduce the project operation and management cost and other advantages, is widely used in the large-scale construction engineering field, and exhibit good management performance. In the actual EPC project construction contract management, relying on strict or simply rely on the trust management mechanism between the owner and the contractor of the project, will bring some problems at the same time, also cannot achieve the optimal project performance. So the research of EPC in project construction contract governance and trust mechanism to establish their own characteristics, the interaction between them and their contribution to the project performance improvement is very important.Based on the establishment of EPC project management, contract governance and trust mechanism on the theory of literature in related fields at home and abroad, to make a detailed analysis and summary, combined with transaction cost, social exchange theory, the relationship between the exchange, the trust is divided into based on goodwill trust and competence based trust, and to case analysis “City Development Zone No 1 road five road EPC project”, the project is divided into historical accumulation stage, negotiation and acceptance stage and implementation stage, step by step analysis of trust mechanism established between the owner and the contractorand interaction in the process of contract management and the project performance, and through the comparison between before and after the two impact on project performance results. The research results have certain reference value for the construction of domestic EPC project and project management.