scholarly journals Assessment of organizational and technological reliability of a construction organization during contract bidding

2021 ◽  
Vol 258 ◽  
pp. 09064
Author(s):  
Elena Mikhaylova
Keyword(s):  
Capital Investment ◽  
Current System ◽  
Evaluation Criteria ◽  
Construction Materials ◽  
Capital Investments ◽  
Resource Saving ◽  
Construction Company ◽  
Intensity Of Development ◽  
Construction Organization ◽  
Relative Change

In the current system of contract bidding, there are a number of problems, one of which is the imperfection of the evaluation criteria by which applicants are selected. The article presents a methodology for assessing the organizational and technological reliability of a construction organization and its competitive offers for tenders for construction and installation works. It is proposed to use the indicator of its organizational and technological reliability as a criterion for evaluating a construction organization that claims to fulfill a construction order. To determine the reliability of a construction company, information about the intensity of development of capital investments is used. This indicator allows you to assess how much the bidder can ensure the maximum return on the construction equipment and workers used, reduce the cost of construction using modern construction materials and resource-saving technologies. Each construction and installation organization will have its own intensity of development of capital investments. It depends on the qualification of employees, the availability and use of a fleet of construction machines and mechanisms, construction production technologies, construction organization methods, etc. As an indicator that characterizes the relative change in the actual development of capital investments from the standard or calculated value, the capital investment development index is used. Using retrospective data on the speed of capital investment development for similar objects or using variant design of the construction process, curves of accumulated probabilities of capital investment development indices are constructed, which are used to determine the organizational and technological reliability of the contract bidder. The proposed assessment of the reliability of a construction organization allows the customer (investor) to choose a reliable partner – contractor that best meets their requirements.

Choosing a Management System in a Construction Organization

2020 ◽  
Vol 2020 (3) ◽  
pp. 220-236
Author(s):  
Nikolay Kemaykin ◽  
Aleksandr Markov
Keyword(s):  
Decision Support ◽  
Management System ◽  
Process Management ◽  
Evaluation Criteria ◽  
Enterprise Management ◽  
Management Approach ◽  
Construction Company ◽  
Construction Organizations ◽  
Construction Organization

The subject of the research is management systems used in construction organizations and methods of decision support while choosing the system of management. The purpose of the work is to offer a method of decision support for managing a construction organization when choosing a transition to a process management approach or a project-oriented management approach. The article emphasizes the relevance of improving the quality of enterprise management in construction industry, and provides an overview of domestic and foreign literature on improving management methods. The study substantiates the need for a method to support decision-making while shifting to a new management system. The authors propose a method based on the evaluation criteria obtained through a survey of the company's management. The proposed method helps managers and founders to make a decision concerning the choice of management system and warns against erroneous decisions and losses associated with the introduction of a management system “inefficient” for the construction company.

scholarly journals Assessment of organizational and technological reliability of the construction company in the construction of foundations

2019 ◽  
Vol 265 ◽  
pp. 07006 ◽  
Author(s):  
Elena Mikhaylova
Keyword(s):  
Simulation Models ◽  
Statistical Testing ◽  
Capital Investments ◽  
Design Work ◽  
Variant Design ◽  
Construction Company ◽  
Construction Organizations ◽  
Statistical Series ◽  
Construction Organization ◽  
The Right

When choosing a construction company, it is important for the investor to assess its organizational and technological reliability, which affects the duration and cost of construction. It is proposed to use as a source of information about the reliability of the data on the development of capital investments by the construction organization for a fixed period of time. The purpose of the study – to offer a mechanism for assessing the organizational and technological reliability of the construction company in the construction of the Foundation. On the basis of the method of variant design all possible alternatives of simple technological processes in the construction of pile foundations were considered. Using the method of statistical testing of simulation models on each process flow, the most probable duration and cost of design work were determined. All the options for the development of capital investments were reduced to a statistical series, on the basis of which the curve of accumulated probabilities was constructed. On the curve of accumulated probabilities it is possible to determine the probability of building foundations at the right time with the required value of the index of development of capital investments. Variant design of the construction process allows to develop simulation models of construction of any foundations, on the basis of which the curves of the accumulated probabilities of the indices of development of capital investments for each type of foundations are formed. These curves serve as the basis for the investor in determining the organizational and technological reliability of construction organizations.

Solar Renewable Energy Credit Price Volatility and Investment Returns: Have Policies Stranded Capital Investment?

Commonwealth ◽  
2017 ◽  
Vol 19 (1) ◽  
Author(s):  
Somayeh Youssefi ◽  
Patrick L. Gurian
Keyword(s):  
Solar Energy ◽  
Capital Investment ◽  
Supply And Demand ◽  
Price Volatility ◽  
The United States ◽  
Investment Model ◽  
Capital Investments ◽  
Demand Model ◽  
Market Prices ◽  
Investment Returns

Pennsylvania is one of a number of U.S. states that provide incentives for the generation of electricity by solar energy through Solar Renewal Energy Credits (SRECs). This article develops a return on investment model for solar energy generation in the PJM (mid-­Atlantic) region of the United States. Model results indicate that SREC values of roughly $150 are needed for residential scale systems to break even over a 25-­year project period at 3% interest. Market prices for SRECs in Pennsylvania have been well below this range from late 2011 through the first half of 2016, indicating that previous capital investments in solar generation have been stranded as a result of steep declines in the value of SRECs. A simple conceptual supply and demand model is developed to explain the sharp decline in market prices for SRECs. Also discussed is a possible policy remedy that would add unsold SRECs in a given year to the SREC quota for the subsequent year.

scholarly journals PECULIARITIES OF MATERIAL RESOURCE MANAGEMENT OF ENTERPRISES OF BUILDING MATERIALS

2021 ◽  
Author(s):  
Iryna Hobyr ◽  
Lidiia Hobyr
Keyword(s):  
Inventory Management ◽  
Building Materials ◽  
Construction Materials ◽  
Design And Technology ◽  
Resource Saving ◽  
New Production ◽  
Utilization Factor ◽  
Resources Management ◽  
Material Resources ◽  
Definition Of

In a market economy, it becomes important to improve the organization of enterprise management and, above all, the production process, efficient use of financial, material resources and inventories. Effective management of material resources increases profits and provides the necessary investment. To maintain high profitability and liquidity, the management of current activities of enterprises, in particular inventory management plays a significant role. The categorical apparatus of material resources management at the enterprise is considered, the definition of “material resources” is generalized, the definition of "material resources management" is offered, and also the system of material resources management at the enterprise is considered. In the management of material resources at the enterprise there are 2 approaches – logistics and reengineering. The main tasks of the mechanism of management of material resources of the enterprise of building materials are defined. These are: increasing the efficiency of material resources and choosing cheap sources of funding; introduction of new production, resource-saving technologies; minimization of costs for procurement, production and marketing activities; increasing the interest of employees of all services in the effective performance of their duties; product quality management. The analysis of efficiency of use of material resources at the enterprises of building materials which has shown, that manufacture of production is rather material-intensive is carried out. This is evidenced by the share of material costs in the cost of work, and the value of the utilization factor of materials indicates the economical use of material resources in production. Reserves for improving the efficiency of material resources at construction materials enterprises have been identified. The ways of the most rational use of material resources of construction materials enterprises are offered, in particular it is improvement of a design and technology of manufacturing of products, introduction of more progressive norms of expenses of resources, use of substitute materials, and reduction of losses at stages of transportation, storage and industrial use.

Capital Budgeting and Public Investment Projects in Ukraine

2019 ◽  
pp. 93-112
Author(s):  
Olha Krupa
Keyword(s):  
Capital Investment ◽  
Capital Expenditure ◽  
Public Capital ◽  
Capital Budgeting ◽  
Budget Process ◽  
Capital Investments ◽  
Public Projects ◽  
Capital Spending ◽  
The Government ◽  
And Performance

This chapter discusses the budget process for public capital investments in Ukraine, presents controversies in the current process, and offers several avenues for improvement. In doing so, the author provides a description of the country's normative capital public budgeting framework, presents the institutional setup, and tracks Ukraine's public capital expenditure trends for nearly three decades (1991-2016). The study then discusses implementation, audit, and performance issues in Ukraine's public capital expenditure management and provides recommendations. Because of the country's limited fiscal capacity as compared to its massive infrastructure needs, the author posits that Ukraine can no longer afford to delay or ignore its most pressing public capital investment needs. Because the current list of capital investment proposals is underfunded and too long, the author suggests that the government focuses on finishing strategic, high-priority public projects, while other capital spending proposals target private sector financing once it becomes more readily available.

Investigation of different tribological systems during full forward impact extrusion of aluminum alloy EN AW 6082

2019 ◽  
Vol 72 (6) ◽  
pp. 709-712
Author(s):  
Martina Müller ◽  
Rafael Hild ◽  
Daniel Trauth ◽  
Thomas Bergs
Keyword(s):  
Aluminum Alloy ◽  
Peer Review ◽  
Evaluation Criteria ◽  
Resource Saving ◽  
Metallic Contact ◽  
Cold Forming ◽  
Content Type ◽  
Tribological System ◽  
Die Surface ◽  
The Mean

Purpose The modification of the tribological system is an essential aspect of the implementation of resource-saving processes in cold forming. As a result, the focus of this contribution is the influence of the tribological system on the full forward impact extrusion of aluminum alloy EN AW 6082 (T6) with regard to reduction of friction and wear. Design/methodology/approach The investigations included a variation of lubricant and die treatment. Friction, wear and the mean arithmetic height Sa were used as evaluation criteria. The aim was to find a suitable die surface treatment and a suitable lubricant on the basis of the evaluation criteria. Findings The experiments indicated that each of the selected tribological systems prevents physical metallic contact between tool and workpiece and thus prevents the formation of wear. Nevertheless, differences were found in the areas of smoothing of workpiece surfaces and adhesive strength of lubricants. Originality/value As general cause effect relationships between die coating and lubricant are not known in the field of bulk metal forming of aluminum, fundamental investigations are described below. The investigations focus on the influence of the material and the tribological system on friction as well as wear. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/ILT-08-2019-0316

scholarly journals ‘Post-pandemic’ transnational gentrifications: A critical outlook

Urban Studies ◽  
2020 ◽  
Vol 57 (15) ◽  
pp. 3202-3214 ◽  
Author(s):  
Georgia Alexandri ◽  
Michael Janoschka
Keyword(s):  
Political Economy ◽  
Middle Class ◽  
Capital Investment ◽  
Social Practices ◽  
Analytical Tool ◽  
Capital Investments ◽  
Rural Landscapes ◽  
Economic Transformations ◽  
Culture Heritage ◽  
Systemic Violence

Transnational gentrifications have been occurring at the crossroads of capital investment fuelled to satisfy the remarkable increase of so-called leisure-oriented mobilities. Such mobilities, however, cause disruptive social, spatial and economic transformations of urban and rural landscapes across the globe. Consequently, transnational gentrifications may be considered a crucial testimonial of economic shifts, during the 2008–2020 period of accumulation. In this article, we argue that the underlying conceptual assumptions of transnational gentrifications require crucial adjustments. We should especially consider the intellectual roots that simply celebrate leisure-oriented mobilities while setting aside the exclusionary social practices of the consumption of space, culture, heritage and place. We do this by interpreting the phenomenon by means of a political economy that understands (i) the lens of the multi-scalar organisation of state power as a centrepiece for orchestrating the conditions for transnational gentrifications; (ii) transnational middle-class leisure-oriented mobilities linked dichotomously with labour precariousness and flexibility; and (iii) the rent gap as an analytical tool to understand dispossession, and corresponding displacement of people, practices and discourses. This approach sheds light on the nuances of gentrification as an attribute of systemic violence exercised in financialised capitalism. It also supports us to sketch out a theoretically informed outlook for the ongoing reorientation of intertwined gentrifications by transnational capital investments with intermittent flows of people in the aftermath of the COVID-19 pandemic.

Agreeing to disagree: structuring future capital investment provisions in joint ventures

2020 ◽  
Vol 13 (1) ◽  
pp. 12-22
Author(s):  
Edgar Elliott ◽  
Lois D’Costa ◽  
James Bamford
Keyword(s):  
Joint Ventures ◽  
Capital Investment ◽  
Joint Venture ◽  
Investment Decisions ◽  
Capital Investments ◽  
Agreeing To Disagree ◽  
Structural Work ◽  
Opt Out ◽  
Contractual Structures

Abstract Prior to entering into any joint venture agreement (JVA), dealmakers should be aware of the options available to resolve future investment disagreements. There are three broad capital investment structures commonly found in joint ventures: (i) standard passmark rules; (ii) non-consent/opt-out; and (iii) sole risk. Within each category, deal practitioners have numerous options to tailor capital investment structures. As much as possible, deal practitioners should contemplate the most likely areas of disagreement, and then tailor the capital investment structures appropriately to ensure that the joint ventures (JV) can manage capital investment decisions in an efficient, value-preserving way. While it is impossible to establish a formula to determine which specific contractual structures will best accommodate future capital investments in a given JV, companies should weigh various factors to inform their position. We reviewed 40 JVAs to understand various capital investment mechanics and how they differ based on the nature of the venture and owner context. Our research found an extremely diverse array of creative structural work-arounds to address different owner appetites to make future capital investments. The purpose of this article is to describe, illustrate and provide benchmarks on different mechanics and contractual terms found in joint venture agreements, and to offer guidance as to which future capital investment mechanics should be included in venture agreements.

scholarly journals Capital structure, capital investment and profitability among Malaysian listed firms

2018 ◽  
Vol 7 (4.9) ◽  
pp. 14
Author(s):  
Yamunah Vaicondam ◽  
Ramakrishnan Ramakrishnan
Keyword(s):  
Capital Structure ◽  
Capital Investment ◽  
Moderating Effect ◽  
The Other ◽  
Capital Investments ◽  
Significant Positive Effect ◽  
Listed Firms ◽  
Empire Building ◽  
The Relationship ◽  
Positive Effect

Capital investments are referred as a critical managerial decision on firm's fixed asset for generating profitability. However, the empirical finding shows that not every capital investment has a significant positive effect on profitability. Literature indicates mixed results of examining the capital investment relationship with firm's profitability, which vary in respects to the debt structure. On the other hand, strong government reinforcement has pushed Malaysia up as one of the top ten countries with robust private capital investment in the year 2004. Since the capital investments are typically irreversible and hypothesized as profit generator, the first aim of this study is to examine the effect of the capital investment on the firm's profitability across firms and sectors. The second aim is to examine the moderating effect of capital structure on the relationship between capital investment and profitability across firms and sectors. This study utilized pooled ordinary least squares and fixed effect analysis across 708 non-financial Malaysian listed firms. The unbalanced datasets for the period 2001 to 2015 were employed to check the robustness of these results. This study suggested that capital investment has a strong significant positive effect on profitability measurements across Malaysian listed firms in non-financial sectors. On the other hand, the significant negative moderating effect of capital structure on the relationship between capital investment and return on capital across Malaysian listed firms reflected the perspective of empire building theory. In addition, the independent sample test engaged across sectors affirmed that moderating effect of capital structure are different across sectors. Thus, this study concluded the existence of moderating effect of capital structure on the relationship between capital investment and profitability. This study addressed the knowledge gap on the moderating effect of capital structure based on empire building theory.  

Promotion Signaling and Human Capital Investments

2020 ◽  
Vol 12 (1) ◽  
pp. 125-155 ◽  
Author(s):  
Michael Waldman ◽  
Ori Zax
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Capital Investment ◽  
Investment Decisions ◽  
Human Capital Investment ◽  
Capital Investments ◽  
Human Capital Investments ◽  
Asymmetric Learning ◽  
Specific Human Capital ◽  
Investment Choices

In a world characterized by asymmetric learning, promotions can serve as signals of worker ability, and this, in turn, can result in inefficient promotion decisions. If the labor market is competitive, the result will be practices that reduce this distortion. We explore how this logic affects human capital investment decisions. We show that, if commitment is possible, investments will be biased toward the accumulation of firm-specific human capital. We also consider what happens when commitment is not possible and show a number of results including that, if investment choices are not publicly observable, choices are frequently efficient. (JEL D82, J24, J31, M12, M51)

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