It is important to manage the multifaceted risks associated with international construction projects, in particular in developing countries, not only to secure work but also to make profit. This research seeks to identify and evaluate these risks and their effective mitigation measures and to...

Much of the construction industry improvement agenda has been focused on achieving integration of the design and construction processes. However, the current approaches do not create an organizational framework to deal with the full integration of the supply chains for component based...

This paper uses real option methodology to compare the cost of a long-term contract with a price cap to that of spot purchases in construction material procurement. In construction, material procurements are usually short-term, project-based and subject to high price volatility. These...

There has recently been considerable interest in construction research in paradigms developed for the manufacturing sector. Using lean thinking and agile production as examples of innovative organizational and business process design, this paper explores their commonalities and differences. In...

An important requirement for simulating repetitive projects is to treat correlations inherent in the repetition of same crews working at various locations. To attain the requirement, this study develops a new Monte Carlo simulation model implementing a Gaussian copula in conjunction with the...

The emerging methodologies of 'soft operational research' have been developed for the purposes of structuring multi-perspective problems characterized by uncertainty, ambiguity and conflict. A participative research project is reported that sought to propagate the three most established 'soft'...

China is actively investigating ways to introduce project financing, specifically through the build-operate-transfer (BOT) scheme to meet the needs for the country's infrastructure and to be attractive to foreign investors and lenders. The advent of concession agreements, backed by new BOT laws,...

Risk management is fundamental to the success of a major project. However, the variations in using risk management practices are considerable and are dependent on numerous factors such as the industry sector, the size of the project, and the stage in the project life cycle. One of the major...

A safety planning and control model (SPC) has been integrated into the production planning and control process. The model integrates safety into three hierarchical levels of production control. Safety long-term planning starts with the preliminary hazard analysis (PHA) of construction processes....