Financing Global Construction Projects

Purpose The Nigerian construction industry is bedeviled with poor project performance and outcomes which value management (VM) could address if applied. The application of VM on Nigerian construction projects is very minimal due to certain obstacles, namely, lack of VM experts, paucity of knowledge on the techniques, etc., which inhibits the adoption into the construction industry. Therefore, this study aims to develop a conceptual framework of the adoption of VM on construction projects in a typical developing economy. Design/methodology/approach This study engaged 15 selected VM experts in two rounds of Delphi survey to develop a conceptual framework of VM adoption. The method of data analysis includes mean score, standard deviation, Kendall’s coefficient of concordance, chi-square (χ2) test, interrater agreement analysis and significant level analysis. The developed conceptual framework was sent to a team of local and international VM experts for validation. Findings This study reveals that the adoption of VM requires the collective effort of relevant stakeholders in the construction industry. The framework developed presents individual and collective activities to be undertaken by the stakeholders. The activities include training, legislation, government-funded research, etc. Thus, the adoption of innovative management methodology like VM requires the collaboration of academics, construction professional bodies and government parastatals. This will assist in the judicious use of limited construction resources and boost the relevance of the Nigerian construction industry among developing nations and in the global construction market. Originality/value This study used the opinions of few construction professionals that can be regarded as VM experts in Nigeria, as against engaging a pool of construction professionals who may not be knowledgeable in VM process. Engaging the few VM experts in the Nigerian construction industry is important to have a valid basis for drawing conclusion, as large questionnaire survey could be possibly filled by inexperienced or unqualified respondents if stringent criteria are not considered at the outset of this study.

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Management of Global Construction Projects

SSRN Electronic Journal ◽

10.2139/ssrn.3105473 ◽

2018 ◽

Author(s):

Dr Edward Ochieng ◽

Andrew Price ◽

David Moore

Keyword(s):

Construction Projects ◽

Global Construction

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Best practices for implementing industrialized construction projects: lessons from nine case studies

Construction Innovation ◽

10.1108/ci-04-2021-0070 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Ibrahim Yahaya Wuni ◽

Geoffrey Qiping Shen ◽

Amos Darko

Keyword(s):

Best Practices ◽

Construction Projects ◽

Best Practice ◽

Case Study Research ◽

Content Type ◽

Qualitative Research Design ◽

Research Cycle ◽

Collection Data ◽

Global Construction ◽

Project Lifecycle

Purpose Industrialized construction (IC) leverages manufacturing principles and innovative processes to improve the performance of construction projects. Though IC is gaining popularity in the global construction industry, studies that establish the best practices for implementing IC projects are scarce. This study aims to benchmark practical lifecycle-based best practices for implementing IC projects. Design/methodology/approach The study used a qualitative research design where nine IC cases from Australia, Singapore and Hong Kong were analysed to identify best practices. The methodological framework of the study followed well-established case study research cycle and guidelines, including planning, data collection, data analysis and reflection on findings. Findings The study identified and allocated key considerations, relevant stakeholders, best practices, typical deliverables and best indicators to the different construction lifecycle phases of IC projects. It also developed a lifecycle-based framework of the best practices for IC projects. Practical implications The study provides practitioners with practical insight into how best to effectively implement, manage and evaluate the performance of the IC project lifecycle phases. The proposed framework can serve as a practical diagnostic tool that enables project partners to evaluate the performance upfront progressively and objectively in each project lifecycle phase, which may inform timely corrective actions. Originality/value The study’s novelty lies in developing a framework that identifies and demonstrates the dynamic linkages among different sets of best practices, typical outputs and best practice indicators across the IC project lifecycle phases.

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Examining the effect of xenophobia on “transnational” mega construction project (MCP) success

Engineering Construction & Architectural Management ◽

10.1108/ecam-05-2019-0227 ◽

2020 ◽

Vol 27 (5) ◽

pp. 1119-1143 ◽

Cited By ~ 9

Author(s):

Umer Zaman

Keyword(s):

Construction Industry ◽

Structural Equation ◽

Construction Projects ◽

Research Direction ◽

Equation Modeling ◽

Content Type ◽

Team Members ◽

Construction Companies ◽

Negative Effect ◽

Global Construction

Purpose The purpose of this paper is to argue that modern-day xenophobia has emerged as one of the high-risk factors for transnational mega construction projects (MCP’s). While research in transnational MCP’s remains surprisingly under-explored, this study aimed to examine how transformational leadership (TFL) and HPW practices can still achieve MCP success despite the rise of xenophobia in the global construction industry. Design/methodology/approach This study examined survey-based sample evidence from 220 respondents including project team members (operational, quality and technical), project stakeholders (e.g. regulatory authority, subcontractors, functional managers, etc.) and project clients/sponsors. Partial least squares structural equation modeling (PLS-SEM) technique was employed to test the theoretical hypotheses and to highlight significance of a holistic and novel framework of MCP success. Findings This study’s core finding unveiled a significantly negative effect of xenophobia on MCP success (ß=−0.389, t=5.574, p<0.000). Interestingly, PLS-SEM results also showed a significantly negative effect of TFL on MCP success (ß=−0.172, t=2.323, p<0.018), whereas HPW practices demonstrated a significantly positive effect on MCP success (ß=0.633, t=9.558, p<0.000). In addition, xenophobia and MCP success relationship were positively moderated by TFL (ß=0.214, t=2.364, p<0.018) and HPW practices (ß=0.295, t=3.119, p<0.002), respectively. Research limitations/implications This study underscores the importance of TFL and HPW practices in explaining the linkage between xenophobia and MCP success. Besides advancement of broader multi-disciplinary research and cross-pollination of research ideas, this study also offers unique research direction to explore the potential impact of TFL and HPW practices in demographically diverse project settings especially in countries where xenophobia has swiftly become inevitable. Practical implications As many countries undertake MCP’s with national pride and high strategic importance, this study provides an exemplary model of transnational MCP success. This study shows that conscious use of TFL and HPW practices could guard against escalating xenophobia in the global construction industry. Originality/value This study is first to provide an empirically grounded model of MCP success that collectively examines the role of xenophobia, TFL and HPW practices. This research has developed practical references for transnational construction companies in strategic planning and management of MCP’s.

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Synchronicity of global construction cost indexes

Engineering Construction & Architectural Management ◽

10.1108/ecam-02-2018-0045 ◽

2019 ◽

Vol 26 (3) ◽

pp. 367-385 ◽

Cited By ~ 1

Author(s):

Ruixi Zhang ◽

Jinding Xing ◽

Kunhui Ye ◽

Weisheng Lu ◽

Yongwei Shan

Keyword(s):

Construction Projects ◽

Rank Correlation ◽

Construction Cost ◽

Steady Increase ◽

Content Type ◽

Body Of Knowledge ◽

Maximum Variance ◽

Kendall Rank Correlation ◽

Research Findings ◽

Global Construction

Purpose The purpose of this paper is to examine the features and tendency of cost indices in the global construction setting. Design/methodology/approach Data from 22 countries/regions are collected and analyzed using maximum variance formulation and Kendall rank correlation coefficient. Findings It is found that global construction cost indexes (CCIs) have commonly maintained a steady increase for decades, and the CCIs synchronize with each other. Overall synchronicity and synchronicity of different countries pairs have increased with time significantly. Research limitations/implications The major limitation, however, is the availability of data: only 22 regions/countries are examined, the distribution of these regions/countries is imbalanced between different continents and various indices are adopted around the world, of which statistical methods are not same. Practical implications The implication is that a better perception of CCIs enables contractors to have a robust estimation for bidding prices and to improve the efficiency of construction projects management. The research findings also provide a useful reference for those countries that have not established construction cost indices databases to forecast the tendency of domestic construction industries. Originality/value This paper contributes to the overall body of knowledge by presenting the co-movement of global CCIs and measuring the changes of CCI synchronicity with time and in different countries pairs.

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Cross-cultural leadership for global construction projects

Proceedings of the Institution of Civil Engineers - Management Procurement and Law ◽

10.1680/mpal.12.00014 ◽

2013 ◽

Vol 166 (5) ◽

pp. 240-248 ◽

Cited By ~ 1

Author(s):

Fortune Mwenje Murata

Keyword(s):

Construction Projects ◽

Cross Cultural ◽

Cultural Leadership ◽

Global Construction

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INTEGRATING SPECIAL TOPICS TO A PROJECT MANAGEMENT COURSE IN INTERNATIONAL CONSTRUCTION

Proceedings of International Structural Engineering and Construction ◽

10.14455/isec.res.2015.26 ◽

2015 ◽

Vol 2 (1) ◽

Author(s):

Suat Gunhan

Keyword(s):

Project Management ◽

Work Experience ◽

Construction Projects ◽

Business Development ◽

International Work ◽

International Construction ◽

Local Construction ◽

Global Construction

Due to credit-hour limitations, it is not always possible to create specialty courses on topics such as leadership, business development, and international construction. This paper covers the integration of international construction topics into a project management course. Each semester a considerable number of students mention they may consider working in international construction projects – indicating some awareness of the opportunities and advantages of having international work experience. A lecture given by the author included the definition, history, and reasons for international construction. It highlighted the global construction markets and their relationship with local construction industries, presenting trends affecting international construction are presented, and analyzing the characteristics of regions (types of projects, leading contractors, etc.). The students’ perceptions were surveyed at the beginning and end of the course, with results indicating that students developed a clearer understanding of international construction topics.

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