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Frame, S M (1969) A descriptive study of the relationship of an economic index and school construction bid economy in fourteen Southern California counties, Unpublished PhD Thesis, , New Mexico State University.
- Type: Thesis
- Keywords: construction activity; economic indicator; security; construction project; building contract; selection criteria; schools
- ISBN/ISSN:
- URL: https://www.proquest.com/docview/302429795
- Abstract:
The purpose of this study was to determine whether area business activity information was meaningfully related to school construction economy. The study compared a measure of school construction savings with a measure of an area's economy in fourteen selected Southern California counties. All school construction activity which met the following criteria was examined: (1) one or more school construction projects bid in the calendar years 1963, 1964, and/or 1965; (2) the construction bid figure(s) in excess of $250,000; and (3) the construction pro-ject(s) financed under the State Building Aid Project. The fourteen southernmost counties of California were selected as they represented the data reference area for the Business Activity Index compiled by the Security First National Bank of Los Angeles. A measure of school construction economy was developed which compared the actual low accepted bid figure with a formula allowance for each project. A measure of economy based upon the Business Activity Index was also developed which gave a building contract bidder an economic point of view that accounted for twelve months' hindsight and six months' anticipated business. A total of 219 projects met selection criteria for inclusion in the study. The construction bid measure and the economic index measure were computed for each project. These two measures were then correlated utilizing the Pearson Product-Moment Coefficient of Correlation. Correlations were drawn on all projects, and on projects sorted by the following variables: (1) calendar year of bids; (2) counties in which the districts were located; (3) low accepted bid amounts in ranges; and (4) numbers of bidders. The findings indicated that regional economic conditions were not meaningfully correlated with the economy of school construction bids within the confines of this study. However, the similarity of the direction of most correlations was suggestive of evidence of a relationship worthy of further investigation. Recommended modifications included: (1) refinement of either or both of the two measuring scales; (2) utilization of computer-calculated regression formulas; (3) adoption of local or national economic indicators; and (4) modification of study geographic boundaries.