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Buys, F and Nkado, R (2006) A survey of maintenance management systems in South African tertiary educational institutions. Construction Management and Economics, 24(10), 997-1005.

Carmichael, S and Murray, M (2006) Record keeping for contemporaneous delay analysis: a model for effective event management. Construction Management and Economics, 24(10), 1007-18.

Carrillo, P M, Robinson, H S, Anumba, C J and Bouchlaghem, N M (2006) A Knowledge Transfer Framework: the PFI context. Construction Management and Economics, 24(10), 1045-56.

Eeing, B T and Kruse, J B (2006) Valuing self-protection: income and certification effects for safe rooms. Construction Management and Economics, 24(10), 1057-68.

  • Type: Journal Article
  • Keywords: Safe room; willingness to pay; willingness to accept; valuation; certification
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446190600851090
  • Abstract:

    Survey data from Tulsa, Oklahoma residents are used to examine individual valuations of safe rooms. The study utilises two measures of individual valuations, the maximum willingness to pay (WTP) and willingness to accept (WTA) for safe rooms. The primary research questions are concerned with whether the willingness to pay measure exhibits income effects and whether certification standards make the safe room investment more desirable. The main findings can be summarised as follows. The mean willingness to pay for a safe room was $2,500. The value of certification by a national organisation increased willingness to pay for the safe room by $600 on average. There is no direct income effect in that respondents’ stated willingness to pay does not bear a statistically significant relationship to reported income. There is evidence of a secondary income effect in that willingness to pay elicited from attendees of a suburban parade of homes was $731 higher than attendees of an urban parade of homes. A mortgage payment-based WTA measure yields mean valuations of the safe room more than three times higher than the lump sum WTP valuation.

Fortune, C (2006) Process standardisation and the impact of professional judgement on the formulation of building project budget price advice. Construction Management and Economics, 24(10), 1091-8.

Fu, W-K, Lo, H-P and Drew, D S (2006) Collective learning, collective knowledge and learning networks in construction. Construction Management and Economics, 24(10), 1019-28.

Huang, R-Y (2006) A performance-based bridge LCCA model using visual inspection inventory data. Construction Management and Economics, 24(10), 1069-81.

Ok, S C and Sinha, S K (2006) Construction equipment productivity estimation using artificial neural network model. Construction Management and Economics, 24(10), 1029-44.

Stoy, C and Kytzia, S (2006) Benchmarking electricity consumption. Construction Management and Economics, 24(10), 1083-9.