Abstracts – Browse Results
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Akan, G T, Arditi, D and Imre, M (1984) Priority ranking of highway improvement projects. Construction Management and Economics, 2(01), 49-55.
Baron, T (1984) Housing in the inner cities. Construction Management and Economics, 2(01), 13-24.
Jenkins, A W (1984) Social policy and construction wage formation: the Alberta experience. Construction Management and Economics, 2(01), 25-36.
Lewis, T M (1984) A review of the causes of recent problems in the construction industry of Trinidad and Tobago. Construction Management and Economics, 2(01), 37-48.
McDonald, P (1984) Construction claims costing for owners and contractors. Construction Management and Economics, 2(01), 1-12.
Morrison, N (1984) The accuracy of quantity surveyor's cost estimating. Construction Management and Economics, 2(01), 57-75.
Scott, D (1984) Economic evaluation of minor roading projects. Construction Management and Economics, 2(01), 77-90.
- Type: Journal Article
- Keywords: cost; evaluation; project
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/01446198400000007
- Abstract:
The work reported here was undertaken to investigate alternative methods of evaluating minor roading projects with a capital cost of less than $50,000. Literature relevant to this type of project is reviewed briefly. The 21 case studies are described and evaluated using the two methods commonly used in New Zealand: First year rate of return and benefit cost ratio. The major problem of incorporating intangible benefits is discussed. An alternative method of evaluation is proposed which allows the benefits of a project to be discounted against its estimated cost and which allows the evaluator to incorporate benefits one at a time, starting with those benefits which are easily quantified and progressing to those which are less tangible. Examples of the alternative method are given.