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      Towards data-driven contracts in real estate

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            Abstract

            Real estate management, and therefore the procurement of these ser- vices, is increasingly undergoing a digital transformation. At its core, the institutional structure, i.e., cooperation and contract design, is a decisive element for information logistics between corporate and RESP. What se- lection criteria/characteristics of service providers do clients use when de- ciding to outsource real estate-related services? How important are these criteria, in particular price and data-driven business, for the decision? The results show that price is the most important criterion in the procurement decision. This is followed in descending order by the relationship between expectations and the actual service result as well as the type of partner- ship. Despite the increasing importance and influence of digitalisation, da- ta flow is the least important criterion.

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            Author and article information

            Journal
            ScienceOpen Preprints
            ScienceOpen
            15 July 2024
            Affiliations
            [1 ] FH Münster, Münster, Germany ( https://ror.org/00pv45a02)
            Author notes
            Author information
            https://orcid.org/0000-0002-1017-4579
            https://orcid.org/0000-0001-9863-1211
            Article
            10.14293/PR2199.000958.v1
            a3c33ec7-9063-45b3-bd44-18effd05d914

            This work has been published open access under Creative Commons Attribution License CC BY 4.0 , which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. Conditions, terms of use and publishing policy can be found at www.scienceopen.com .

            History
            : 15 July 2024
            Categories

            The datasets generated during and/or analysed during the current study are available from the corresponding author on reasonable request.
            Economics

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