Purpose – This paper aims to present a positive analysis of the bidding process for private finance initiative (PFI) projects. The analysis attempts to unravel how value for money (VFM) changes in the bidding process and what factors influence this change. Bidding theory postulates that the...

Purpose – The purpose of this paper is to explore the various approaches prescribed in literature in the assessment of value for money (VfM) of public–private partnership (PPP) projects with the aim to develop a theoretical framework for measuring VfM in Ghana.Public–private partnership...

Purpose – The purposes of this paper are to identify the most significant job-related stressors that influence construction project professionals’ safety, identify the form of stresses and job burnout experienced by construction professionals and investigate the impact of stress and job...

Purpose – This paper aims to identify gaps and critical issues in policy framework for infrastructure debt fund (IDF) to become financially viable in the Indian context. Growth of any economy is dependent on successful implementation of infrastructure projects. However, infrastructure...

Purpose – This paper aims to develop a multivariate model that will be applicable to the Nigeria construction industry. Design/methodology/approach – A self-administered questionnaire survey was used to source information on project scope factors and qualitative factors considered in the...

Purpose – The purpose of this paper is to present the use of Markov chain to predict the behaviour of Australian real estate investment trusts (REITs) that are more highly valued in the areas of environmental, social and governance (ESG). Design/methodology/approach – For the empirical...

Purpose – This paper aims to present the outcome of a study conducted on the impact that cost-based contractor selection (CBCS) might have on construction project performance. Several criteria are normally used to select construction contractors, competitiveness of the quoted prices of the...

Purpose – This paper aims to identify and examine valid project termination reasons and the rebidding strategies of road construction project. Rebidding strategies is one of the measures to restructure terminated/troubled road construction project. Design/methodology/approach – An instrument...