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The productivity of the construction industry has a significant effect on national economic growth. Gains from higher construction productivity flow through the economy, as all industries rely on construction to some extent as part of their business investment. Contractions and expansions of...
Persistent link: https://www.econbiz.de/10010952539
A Delphic study investigating the perceived relationship between 20 contractor selection criteria (CSC) currently in use and project success factors (PSFs) in terms of time, cost and quality is described involving a sample of eight experienced construction personnel, including two validators. A...
Persistent link: https://www.econbiz.de/10009277636
Persistent link: https://www.econbiz.de/10009277640
In statistical analysis of intertemporal movements in time-cost relationships via the Bromilow model it is shown that for Ng et al.'s (2001) Australian data, the K value is not significantly different from unity. This is utilized to develop a new and simpler ratio measure of the time-cost...
Persistent link: https://www.econbiz.de/10009277647
A method for analysing the competitiveness of a consultant's two-envelope fee tendering history is proposed and illustrated in an application to one of Hong Kong's larger quantity surveying practices. Separate measures for determining consultants' fee, quality score and overall competitiveness...
Persistent link: https://www.econbiz.de/10009277911
Function analysis (FA) is considered to be at the core of value management (VM). However, research in the construction industry in the United States and Hong Kong indicates that this fundamental process is sometimes abbreviated or omitted from the VM process. In examining this situation in the...
Persistent link: https://www.econbiz.de/10005482445
The main task of contractors' estimators is to predict the likely costs involved in executing a future project. This is an onerous job as any errors made can undermine project success and ultimately reduce the contractors' profit margins. The inherent uncertainty of most construction work,...
Persistent link: https://www.econbiz.de/10005482466
Many public construction projects have been undertaken throughout the Kingdom of Saudi Arabia as part of the government's national development plans in the past three decades, with significant public expenditure involved. One of the critical problems concerning these projects is the frequent and...
Persistent link: https://www.econbiz.de/10005482521
A great body of knowledge exists on the theory of auctions and competitive bidding that is of potential relevance to construction contract tendering. Most of this, however, contains assumptions—such as perfect information—that are unlikely to be tenable in practice. The aim, therefore, is to...
Persistent link: https://www.econbiz.de/10005482608
Cost estimators play an important role in an organization, as they produce most predictions of probable final construction cost. Since both under- and overestimates can be costly, attention should be paid to the estimating tasks. People involved are therefore likely to experience a considerable...
Persistent link: https://www.econbiz.de/10005482622