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Adams, O (1997) Contractor development in Nigeria: perceptions of contractors and professionals. Construction Management and Economics, 15(01), 95-108.

Chau, K W (1997) Note - Monte Carlo simulation of construction costs using subjective data: response. Construction Management and Economics, 15(01), 109-15.

Hatush, Z and Skitmore, M R (1997) Criteria for contractor selection. Construction Management and Economics, 15(01), 19-38.

Kaming, P F, Olomolaiye, P O, Holt, G D and Harris, F C (1997) Factors influencing construction time and cost overruns on high-rise projects in Indonesia. Construction Management and Economics, 15(01), 83-94.

Peng, C L, Scorpio, D E and Kibert, C J (1997) Strategies for successful construction and demolition waste recycling operation. Construction Management and Economics, 15(01), 49-57.

Pietroforte, R (1997) Communication and governance in the building process. Construction Management and Economics, 15(01), 71-82.

Preece, C and Male, S (1997) Promotional literature for competitive advantage in UK construction firms. Construction Management and Economics, 15(01), 59-69.

Rawlinson, S and Raftery, J (1997) Price stability and the business cycle: UK construction bidding patterns 1970-1991. Construction Management and Economics, 15(01), 5-18.

Seymour, D E, Crook, D and Rooke, J (1997) Note - The role of theory in construction management: a call for debate. Construction Management and Economics, 15(01), 117-9.

Wong, E and Norman, G (1997) Economic evaluation of materials planning systems for construction. Construction Management and Economics, 15(01), 39-47.

  • Type: Journal Article
  • Keywords: construction; materials planning; risk simulation
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/014461997373097
  • Abstract:

    It has been noted that many problems exist among local construction contractors owing to inefficient materials management. Problems reported include delays in the supply of construction materials, and inappropriate scheduling of materials in construction projects. There is a need for an improved materials planning approach. Efficient planning of materials not only means increased productivity and profit to the company, but also facilitates the completion of construction projects. In view of the variation in size, timing and frequency of material orders, the authors felt that the implementation of a materials planning system (MPS) in construction would produce cost savings similar to those achieved in the manufacturing industry. However, an economic evaluation of a construction MPS would probably involve the treatment of uncertain costs and savings. A practical risk analysis based on converting subjective estimates of timing and magnitude of cash-flows to beta distributions was used to illustrate the feasibility of implementing such a system in construction.