The electrical distribution industry in South‐East Queensland is currently experiencing a period of rapid change as growth in the region far exceeds what could have been reasonably forecasted 10 years ago. It is due to this growth and the capacity requirements of customers that all...

Development of large‐scale infrastructure projects that solicits the support of private capital is no longer a new phenomenon. This is commonly implemented using governance arrangements such as Build‐Operate‐Transfer and other technical variations of public‐private partnerships....

Partnering, which involves all members of the project team working together to improve performance through agreeing mutual objectives, is a construct; on procurement strategy encouraged by the UK Government, as it believed that such a strategy will provide best value, which is an aspect...

Because of the importance and potential usefulness of construction market statistics to firms and government, consistency between different sources of data is examined with a view to building a predictive model of construction output using construction data alone. However, a comparison of...

The existing Forth Road Bridge near Edinburgh in Scotland at present carries 24 million vehicles annually, which is twice its design capacity. The need for a second Forth Road Bridge is discussed in this paper. There is currently a proposal for design and construction of the second Forth Road...

The normal way of dealing with damages for delay in a construction contract is to use a Liquidated and Ascertained Damages clause. Such clauses specify a preset sum to be due to the client for every day, week or month by which the contractor fails to meet the works completion date. However, the...

Estimating is a fundamental part of the construction industry. The success or failure of a project is dependent on the accuracy of several estimates through‐out the course of the project. Construction estimating is the compilation and analysis of many items that influence and contribute to the...

Underground parking projects are expensive. The capital cost of underground parking projects has been, and still is, one of the promoter’s main economic concerns. Therefore, the capital cost estimation is an essential task in the early stages of underground parking projects. In this context,...

This paper deals with the process followed to select investment projects within the construction industry with emphasis on the characteristics of infrastructure projects in developing countries. It presents an overview of the current practices in the main areas concerned with the process, namely...

A distinctive feature of mortgages as assets is the existence of prepayment risk, typically viewed as a borrower’s call option to pay the outstanding mortgage balance at any time during the term. While previous research identified important causes for prepayment, these studies are mostly based...