In Build-Operate-Transfer (BOT) infrastructure projects, host governments often provide subsidies, guarantees or alternative forms of support as incentives to attract private sector participation. A guaranteed level of minimum revenue, for example, can be specially designed to alleviate the...

Periodic review and adjustment of resource allocations to construction projects is critical for subcontractors to maintain profitability under traditional unit price or lump sum contracts. Project managers strive to control subcontractors in an effort to meet budgets and schedules;...

There is a divergence of research opinion as to the efficacy of detailed front end construction planning (first planning) and its use for strategic or tactical purposes. What really happens in planning construction projects is considered by focusing on comparing the responses of key stakeholders...

The major developments in thought regarding regional economic growth and development are traced over the last two decades. The supply-side micro-foundations of regional growth have come under scrutiny in a manner which has previously not been evident. In particular, an examination of the...

The building stock is one of the largest energy consumers and simultaneously represents a relevant cost driver for most companies. Thus, buildings should be optimally planned, constructed and used from both an environmental and from an economic perspective. Benchmarking electricity consumption...

In all large engineering projects, valuation constitutes an important step during the initial stage as each stakeholder assesses the prospect of his or her investment. The complexity of valuation increases dramatically in the face of uncertainty especially when the risks are dynamic and...

Over the years, many private sector participation (PSP) models have been evolved for infrastructure procurement and the Build-Operate-Transfer (BOT) model is one of the most common approaches used for the same. Private infrastructure projects under BOT arrangement have a complex risk profile and...

Chang seems to suggest that developing closer relations between Transaction Cost Economics (TCE) and the Resource-Based View (RBV) is not yet needed. However, we are unmoved in our belief that this development is compelling and remain committed to our approach to pluralism. We disagree with...

There is an increasing need for effective flow of information between the various participants in privatized infrastructure projects particularly between construction companies and financial institutions. A taxonomy is developed for relevant concepts in the domain of privatized-infrastructure...

ISO 9000 is one of the most important administrative innovations of the last two decades. The Turkish precast concrete industry is an interesting example of the diffusion of this important administrative innovation. Innovation diffusion theory proposes that the diffusion of an innovation is...