Construction Market Cycles

2021 ◽  
pp. 197-207
Author(s):  
Thomas C. Schleifer ◽  
Mounir El Asmar
Keyword(s):  
Construction Market

Construction Control As A Strategy For Improving The Quality Of Buildings And Structures

2020 ◽  
Keyword(s):  
Quality Control ◽  
Life Cycle ◽  
Construction Control ◽  
Construction Sites ◽  
Actual Problem ◽  
Construction Market ◽  
Construction Products ◽  
Underlying Causes ◽  
Required Quality

In construction production, the safety of constructing buildings and structures is achieved by ensuring the required quality as a result of systematic construction control based on the implementation of a complex of technical, economic and organizational measures at all stages of the object's life cycle. The article deals with the actual problem of improving the quality of construction products-buildings and structures in conjunction with the activities of construction control bodies. The article presents the advanced foreign and domestic experience of ensuring the quality control at the construction sites, providing for the prevention of the underlying causes of defects and increasing the interest of the contractors directly. On the basis of the analysis of the current situation with quality control at the construction market, ways to improve its efficiency by developing a unified system of technological implementation of relevant requirements for the quality of construction products, determining the rational number and business load of construction control engineers, as well as the active activities of self-regulatory organizations in this area are offered.

scholarly journals The Impact of Socially Responsible Reporting on Successful Corporate Operations

Organizacija ◽  
2013 ◽  
Vol 46 (2) ◽  
pp. 47-54 ◽  
Author(s):  
Anton Peršič ◽  
Mirko Markič
Keyword(s):  
Research Method ◽  
Quantitative Research ◽  
Socially Responsible ◽  
The Real Estate ◽  
Construction Market ◽  
Responsible Conduct ◽  
The Republic ◽  
And Control ◽  
The Impact ◽  
A Company

The aim of our research was to study the impact and purpose of the reporting on socially responsible conduct on the success of corporate operations. The data and information were gathered with the quantitative research method, whereas the instrument for gathering them was a questionnaire that was distributed among 759 large and medium sized organisations from the field of market services in the Republic of Slovenia. We have established that activities aimed at socially responsible conduct are directly connected with the success of corporate operations, especially the revenue (p = 0.001), the profit of a company (p = 0.000), operational growth (p = 0.007) and operational economy (p = 0.002), and are typical for organizations with a larger number of employees (p = 0.032). In this regard, the real estate and construction market activities received the lowest scores. Research results provide theoretical as well as practical benefits for everyone dealing with the planning, implementation and control of sustainable development, as well as socially responsible conduct within the organization.

Measures to expand market inroads into the Vietnamese construction market

2013 ◽  
Vol 17 (7) ◽  
pp. 1568-1577 ◽  
Author(s):  
Jung-Ho Yu ◽  
Hyoun-Seung Jang ◽  
Soon-Wook Kwon ◽  
Bo-Sik Son
Keyword(s):  
Construction Market

scholarly journals Concentration in the international construction market

2009 ◽  
Vol 27 (12) ◽  
pp. 1197-1207 ◽  
Author(s):  
Kunhui Ye ◽  
Weisheng Lu ◽  
Weiyan Jiang
Keyword(s):  
Construction Market ◽  
International Construction

ASSESSMENT OF WOODEN BUILDINGS IN TERMS OF CONSTRUCTION WASTE GENERATION

2020 ◽  
Author(s):  
Marcela Spišáková ◽  
Mária Kozlovská ◽  
Jozef Švajlenka
Keyword(s):  
Negative Impact ◽  
Raw Materials ◽  
Environmental Parameters ◽  
Constructional Material ◽  
Waste Generation ◽  
Construction Waste ◽  
Construction Market ◽  
Negative Impacts ◽  
The Individual ◽  
Wooden Structures

Construction industry creates an environment for people's lives. On the other hand, construction activities have a negative impact on various aspects of the environment. It consumes natural raw materials, significantly contributes to carbon footprint, waste, etc. Appropriate choice of constructional, material, technical, technological and environmental parameters of buildings can partially reduce this negative impacts. By designing, implementing and using wood-based constructions it is possible to reduce the negative impact in the area of construction waste generation. Currently, the construction market offers a large number of construction systems of wooden buildings, which have both strengths and weaknesses. In this paper are identified construction systems of wooden buildings offered on the Slovak construction market. The aim of the paper is a detailed identification of construction waste generation during the realization of particular wooden structures and monitoring of waste generation in production factory (off site) and on construction site (on site) during the construction of wooden buildings. Based on the obtained information, the individual construction systems of wood-based constructions are compared in terms of construction waste generation

Conceptual framework of value management adoption in the Nigerian construction industry

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lekan Damilola Ojo ◽  
Deji Rufus Ogunsemi ◽  
Olusola Ogunsina
Keyword(s):  
Conceptual Framework ◽  
Construction Industry ◽  
Construction Projects ◽  
Value Management ◽  
Chi Square ◽  
Content Type ◽  
Construction Market ◽  
Innovative Management ◽  
Coefficient Of Concordance ◽  
Global Construction

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.

scholarly journals Valuation of Guaranteed Maximum Price Contracts in Korea Using the Collar Option Model

2018 ◽  
Vol 2018 ◽  
pp. 1-9
Author(s):  
Sanghyo Lee ◽  
Hyeongjae Jang ◽  
Yonghan Ahn
Keyword(s):  
Profit Sharing ◽  
Construction Companies ◽  
Construction Market ◽  
Positive Effects ◽  
Valuation Model ◽  
Maximum Price ◽  
Proposed Model ◽  
Option Model ◽  
Payoff Structure ◽  
Future Work

This study assessed the levels of risk that contractors may be subject to while executing a GMP contract by applying a collar option model to the case study of an apartment project in Korea and identified implications for the application of GMP contracts in Korea. The payoff structure of the GMP contract was defined based on the collar option model and a profit sharing ratio calculated to evaluate the risks involved in GMP contracts. The results showed that an increase in the GMP and a decrease in the expected cost and cost range were accompanied by a decrease in the profit sharing ratio. The proposed valuation model for GMP contracts is expected to help clients and contractors in Korea negotiate reasonable contracts as it enables the contractor to utilize the proposed model as basic data, the client to evaluate the performance of the contractor, and both parties to agree a reasonable profit sharing ratio. Implementing GMP contracts with CMR is likely to have a number of positive effects on the Korean construction market. However, in order to maximize these effects, it is necessary to have the ability to evaluate cost uncertainty. Accordingly, it is very important to analyze the factors that influence cost volatility. In future work, the various factors that have an impact on the GMP must be studied to maximize the positive effects of the framework proposed in this paper. An analysis of the effect of each factor on the change in the GMP will help Korean construction companies who are attempting to introduce GMP contracts to perform their preconstruction services effectively.

Diagnosis of Current Employment in Architectural Student Responding to Korean Construction Market

2012 ◽  
Vol 450-451 ◽  
pp. 140-144
Author(s):  
Sang Chul Kim ◽  
Jae Hyun Lim ◽  
Jun Ho Park ◽  
Tae Hwa Jung
Keyword(s):  
Construction Industry ◽  
Supply And Demand ◽  
Current Status ◽  
Major Area ◽  
Construction Companies ◽  
Construction Market

Construction market in Korea has been decreased for 3 or 4 years, and it brought the problem in supply and demand of workforce. Therefore, new workforce in construction industry could not been enter, and some of them have been employed in non-major area. This research intends to analyze construction industry as well as demand and status of construction companies and to diagnose status of new workforce for architectural works, and a survey is conducted for enrolled students and graduates to diagnose problems of current status in order to suggest the alternatives in Korea.

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