Research on Client's Claiming Management Game Model under Asymmetric Information

For the competition of construction contract market is getting serious, claiming has become a phenomenon between the client and contractor which always occurs and generally exists in the contract performance course. But in China the research on claiming is still weak, especially relating to the client’s claiming management which needs to be complemented and improved gradually. This paper discusses the importance of the claiming management in client’s project management by building client’s claiming management game model. Because of the asymmetric information existing between the client and the contractor, this paper also discusses the probabilities of different tactics they may make when there is claiming fraud and provides some suggestions of how to prevent claiming and improve our consciousness of “counter claiming”, which aims at improving the overall standard of project management in China.