Showing 171 - 180 of 203
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 However, the method is seldom used in practice partly because it has been superseded by multi-rate methods...
Persistent link: https://www.econbiz.de/10005269049
Morality is fast becoming an integral part of the mandate for business through both societal and regulatory pressures. Collusive tendering is one of the moral choices facing decision-makers in the construction industry. This paper describes an empirical investigation of the attitudes and...
Persistent link: https://www.econbiz.de/10005269074
A methodology for assessing and evaluating contractor data for the purpose of prequalification and bid evaluation is presented. The PERT approach is used to develop a linear model for the assessment of contractor data. The model incorporates a multiple ratings permitting the uncertainty in...
Persistent link: https://www.econbiz.de/10005269143
Clients need to be informed in advance of their likely future financial commitments and cost implications as the design evolves. This requires the estimation of building cost based on historic cost data that is updated by a forecasted Tender Price Index (TPI), with the reliability of the...
Persistent link: https://www.econbiz.de/10005269146
Prefabricated construction is regarded by many as an effective and efficient approach to improving construction processes and productivity, ensuring construction quality and reducing time and cost in the construction industry. However, many problems occur with this approach in practice,...
Persistent link: https://www.econbiz.de/10009194455
A Delphic study investigating the perceived relationship between 20 contractor selection criteria (CSC) currently in use and project success factors (PSFs) in terms of time, cost and quality is described involving a sample of eight experienced construction personnel, including two validators. A...
Persistent link: https://www.econbiz.de/10009277636
Persistent link: https://www.econbiz.de/10009277640
In statistical analysis of intertemporal movements in time-cost relationships via the Bromilow model it is shown that for Ng et al.'s (2001) Australian data, the K value is not significantly different from unity. This is utilized to develop a new and simpler ratio measure of the time-cost...
Persistent link: https://www.econbiz.de/10009277647
A method for analysing the competitiveness of a consultant's two-envelope fee tendering history is proposed and illustrated in an application to one of Hong Kong's larger quantity surveying practices. Separate measures for determining consultants' fee, quality score and overall competitiveness...
Persistent link: https://www.econbiz.de/10009277911
The construction industry is an industry of major strategic importance. Its level of productivity has a significant effect on national economic growth. Productivity indicators are examined. The indicators consist of labour productivity, capital productivity, labour competitiveness, capital...
Persistent link: https://www.econbiz.de/10010621767