To operate successfully, a commercial organisation must satisfy the ever-changing demands of its clients, its owners, its employees and society as a whole. To do this, it must have a good understanding of its persona as perceived by its own members and the entities it deals with. This persona,...

Neo-classical microeconomic theory has been suggested to offer (1) an appropriate analytical tool for construction price determination while, at the same time, (2) full-cost pricing is most commonly accepted pricing policy of construction firms. Paradoxically, however, both are mutually...

James? Storey Enclosure Method (JSEM), developed in 1954, is considered by many to be the most sophisticated single-rate method ever devised for early-design-stage tender price forecasts. However, the method is seldom used in practice partly because it has been superseded by multi-rate methods...

Typical measures of goodness of construction price forecasts are the mean and standard deviation, coefficient of variation and root mean square of the deviations between forecasted and actual values. This can only be valid, however, if the pain, or loss, incurred as a result of such deviations...

Many clients rely heavily on pretender price forecasts, provided by the Quantity Surveyor (QS), for their investment decisions. During the preliminary design stage, it is very common in practice for Q.S. to use historical building price data on which to base the forecast of the target project ?...

The execution of 'macro-adjustment' policies by the central government to cool down the overheated real estate market in the past few years has created an unfavourable operating environment for real estate developers in Mainland China. Developers need to rethink their business model and create a...

Purpose ? The paper aims to explore the key competitiveness indicators (KCIs) that provide the guidelines for helping new real estate developers (REDs) achieve competitiveness during their inception stage in which the organisations start their business. Design/methodology/approach ? The...

Building client/owners need estimates of likely construction costs for budgeting purposes early in the procurement process when little detailed design information is available beyond the type, size and location of the facility. One of the more sophisticated techniques available for this purpose...

This paper presents the results of a pilot survey aimed at ascertaining the level of project management maturity in Indonesian companies. Kerzner?s Level 2 assessment tool was used, which basically assesses maturity levels throughout the various phases of an organization?s project management...

Information technology (IT) project managers face a multitude of stressors in their workplaces. This has implications not only for the individual practitioners but also for their employers and society. Exactly what stressors are faced by IT project managers and how they cope with them has...