The Office for National Statistics in the UK has developed and adopted a new method for collecting and publishing construction statistics. The analysis of the revised construction new orders series and the associated new UK Department for Business, Innovation and Skills (BIS) output price index...

Modelling the level of demand for construction is vital in policy formulation and implementation as the construction industry plays an important role in a country’s economic development process. In construction economics, research efforts on construction demand modelling and forecasting are...

Achieving good value for money (VFM) is the principal objective of any private finance initiative (PFI) project while sustaining it throughout the contract life is the greatest challenge. Empirical evidence is required to understand uncertainties surrounding VFM of PFI before finding effective...

Resources—especially funds allotted—for the maintenance of bridges, are generally scanty. Thus, it becomes difficult to select bridges for maintenance from among several competing bridges to ensure their safety and serviceability to the desired level. A bridge health index is considered a...

A widespread assumption has been that undeclared work is rife in the European construction industry. Despite this, there have been no European-wide surveys of the prevalence and character of undeclared work in this sector of the economy. To fill this gap, the findings are reported of a 2007...

Formwork plays an important role in building construction. The selection of an appropriate formwork system can reduce project cost, improve quality and speed up the construction process. Although the selection of an appropriate formwork system requires years of experience in formwork design, few...

Build-operate-transfer (BOT) has been one of the preferred models of public--private partnership (PPP) for attracting private capital in the Indian highway sector. In BOT projects the traffic demand is considered a critical risk. Through a concession agreement called the model concession...

Fluctuations in housing prices not only affect the financial well-being of corporations and households, but also influence the stability of economies. One of the results derived from such fluctuations is known as price bubbles. We aim to investigate whether such housing price bubbles did exist...