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Faridi, A S and El-Sayegh, S M (2006) Significant factors causing delay in the UAE construction industry. Construction Management and Economics, 24(11), 1167-76.

Li, X, Ogier, J and Cullen, J (2006) An economic modelling approach for public sector construction workload planning. Construction Management and Economics, 24(11), 1137-47.

  • Type: Journal Article
  • Keywords: Modelling; construction workload planning; tender price index; demand; capacity
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446190600798960
  • Abstract:

    The effectiveness of public sector construction workload planning can be enhanced through employing an economic modelling approach to predict the impact of different workloads on tender price changes. The main problem associated with existing methods used for predicting tender price index (TPI) for construction projects is a lack of robustness when the market becomes unstable. This is due to limited consideration of market conditions in these methods. An economic modelling approach has been developed and applied for public sector construction workload planning in the States of Guernsey where forward planning was required. The developed model overcomes the problem of existing methods—lack of robustness—by correlating TPI of construction projects to demand over capacity ratio of the industry, which represents the industry’s economic condition. The model generates the price changes under different planning options associated with different workloads over a five‐year planning period. The information is valuable to the public sector in estimating actually required investment. This ensures the feasibility of the plan and the possibility of contribution to the stability of the construction market. The model development and application process developed in this research can be used to assist a planning process for an industry where a demand, capacity and price relationship is applied.

Low, S P and Hongbin, J (2006) Analysing ownership, locational and internalization advantages of Chinese construction MNCs using rough sets analysis. Construction Management and Economics, 24(11), 1149-65.

Polat, G, Arditi, D, Ballard, G and Mungen, U (2006) Economics of on-site vs. off-site fabrication of rebar. Construction Management and Economics, 24(11), 1185-98.

Shiers, D, Rapson, D, Roberts, C and Keeping, M (2006) Sustainable construction: the development and evaluation of an environmental profiling system for construction products. Construction Management and Economics, 24(11), 1177-84.

Song, Y, Liu, C and Langston, C (2006) Extending construction linkage measures by the consideration of the impact of capital. Construction Management and Economics, 24(11), 1207-16.

Tam, C M, Tong, T K L and Chan, K K (2006) Rough set theory for distilling construction safety measures. Construction Management and Economics, 24(11), 1199-206.

Tam, V W Y, Tam, C M, Yiu, K T W and Cheung, S O (2006) Critical factors for environmental performance assessment (EPA) in the Hong Kong construction industry. Construction Management and Economics, 24(11), 1113-23.

Wiguna, I P A and Scott, S (2006) Relating risk to project performance in Indonesian building contracts. Construction Management and Economics, 24(11), 1125-35.