scholarly journals Current issues of improving the pricing system in construction in the transition period

Vestnik MGSU ◽  
2020 ◽  
pp. 605-616 ◽  
Author(s):  
Vyacheslav V. Solov'ev ◽  
Alexey P. Korchagin
Keyword(s):  
Construction Industry ◽  
Transition Period ◽  
Development Stage ◽  
Practical Significance ◽  
Construction Costs ◽  
Role Of Government ◽  
Construction Company ◽  
Pricing System ◽  
Investment Process ◽  
Price Escalation

Introduction. The focus on transition to the input method of estimated cost accounting, demonstrated by the leaders of the construction industry, outlines the principal goals pursued in the process of improving the pricing system. The monitoring of prices for construction resources gains in importance. The research is based on the analysis of the construction industry’s current need for updated regulatory information and an improved pricing methodology. Materials and methods. A relevant problem of pricing, which is now quality-driven, has been solved by the construction industry amidst the strengthening role of government agencies. Presently, pricing is driven by the factors that characterize the course of an investment process, primarily, promoted by the customer. This methodology encompasses the assessment of pricing regulations with a required extent of generalization in terms of any submitted data. Results. The experiment conducted to assess the established pricing regulations in terms of special construction facilities has proven the maximal significance of factors, describing a construction project stage as a correlation between estimated and actual costs incurred by a construction company. Against the background of impeded introduction of changes into costing standards, a pool of solutions has been generated to monitor prices for construction resources and to generate price escalation models. Conclusions. The best methods used to adapt standard prices to actual costs of construction products should involve the monitoring of prices for the whole range of construction resources. Methodological problems are to be solved in a way that must improve the trustworthiness of estimated construction costs. The novelty and practical significance of this research stem from the analysis of the current development stage of the system of federal and industry-specific regulations and methodologies.

scholarly journals CURRENT STATE AND PERSPECTIVES OF RESEARCH ON CONSTRUCTION MANAGEMENT AND MECHANISATION IN POLAND

2002 ◽  
Vol 8 (4) ◽  
pp. 221-230 ◽  
Author(s):  
Oleg Kapliński ◽  
Witold Werner ◽  
Andrzej Kosecki ◽  
Janusz Biernacki ◽  
Franciszek Kuczmarski
Keyword(s):  
Construction Industry ◽  
Construction Management ◽  
Research Trends ◽  
Construction Company ◽  
Current State ◽  
The Subject ◽  
Investment Process

Current and intended research on construction management and mechanisation in Poland is the focus of this article. The discussion comprises four subject groups: investment process organisation, construction company operation, organisation and management methods, and mechanisation—including automation and robotisation in construction industry. Within all subject groups, an overview of the subject and analysis of the research state, as well as priority research trends have been presented.

scholarly journals Key performance indicators to improve the competitive dimensions of the construction company

2020 ◽  
Vol 9 (5) ◽  
pp. e54953130
Author(s):  
Aparecida Massako Tomioka ◽  
José Manoel Souza das Neves
Keyword(s):  
Organizational Performance ◽  
Construction Industry ◽  
Performance Indicators ◽  
Research Method ◽  
Web Of Science ◽  
Qualitative Approach ◽  
Review Of The Literature ◽  
Science Data ◽  
Data Bases ◽  
Construction Company

The construction industry is a significant economic and productive sector of a country. Due to the importance of the sector, this study is justified not only for the academia, but also for the productive and business circles. Identifying competitive dimensions and comprehend the organizational performance through performance indicators, allows managers to make decisions through these tools, according to the model in which the organization operates, as close as possible to their reality. The present work aims to analyze the application of performance indicators through the competitive dimensions of the construction company. The used research method was a qualitative approach, being of an applied nature, classified according to the objectives of the research in descriptive and explanatory. The procedure used was the review of the literature through scientific articles in the Web of Science data bases, for the last ten years.

scholarly journals Application research of the Chinese traditional ecological wisdom

2020 ◽  
Author(s):  
Qian Zhao ◽  
Keyword(s):  
Transition Period ◽  
Ecological Engineering ◽  
Development Trend ◽  
Practical Significance ◽  
Ecological Value ◽  
Ecological Civilization ◽  
Industrial Civilization ◽  
City Construction ◽  
Urbanization Rate ◽  
Ecological Wisdom

In the transition period of China's urbanization rate reached 60%, the excessive stage from the traditional industrial civilization to ecological civilization is the inevitable choice. In the transition period, we cannot only absorb the western development experiences of eco-city, but also should combine China's traditional ecological wisdom from the agricultural civilization during thousands of years. In this paper, the author analyses the concept and origin of traditional ecological wisdom, the related research status and development trend at home and abroad. Collect and select the technique or technology which is full of ecological value or representative, the ecological engineering which is time tested or benefited by ten thousand generations in certain region of China, establish a case base of the Chinese traditional ecological wisdom. On this basis, research the ecological concept, principles, strategies and methods of these cases. Construct a set of system principle to concise wisdom and draw the outline of urban soul. Finally, combining with China's environmental problems since the industrialization and the various problems encountered in the process of ecological city construction, to explore how to use the ecological wisdom spectrum guiding the sustainable studies, planning, design and management of the contemporary urban. Through the study of this article, it has the theory significance by constructing the principle of traditional ecological wisdom. It has the cultural meaning by inheritancing the traditional culture essence. It also has the practical significance by discovering the power source of the eco-city construction in the future.

scholarly journals Framework of performance measurement practices in construction companies in Egypt

2018 ◽  
Vol 10 (2) ◽  
pp. 7-14 ◽  
Author(s):  
Krzysztof Dziekoński ◽  
Omar Hesham Mohamed Fawzy Ibrahim ◽  
Abdul-Majeed Mahamadu ◽  
Patrick Manu
Keyword(s):  
Performance Measurement ◽  
Performance Assessment ◽  
Performance Management ◽  
Construction Industry ◽  
Dominant Role ◽  
Holistic Approach ◽  
Company Performance ◽  
Construction Company ◽  
Construction Companies ◽  
Performance Measurement Systems

Abstract Construction industry is considered as one of the most important sectors in Egypt. One of the major challenges faced by the industry, however, is the unavailability of suitable performance measurement systems for assessing companies’ performance. Modern performance assessment systems adopt a more universal approach to the measurement of construction company performance as opposed to the traditional project triangle. This paper aims to examine the practice of performance measurement in the Egyptian construction industry. Results show dominant role of in-house developed performance management systems as well as the use of KPIs as a method of performance assessment. The study further reveals that the highest importance is given to measures related to the time of project delivery, quality of works, clients’ satisfaction and profitability. Hence, the traditional project triangle of project’s success is the most prevalent approach to performance evaluation in the construction industry in Egypt. However, a shift towards a more holistic approach to performance assessment in larger companies was observed.

A Decade's Worth

2020 ◽  
pp. 179-200
Author(s):  
Ria Roy
Keyword(s):  
Construction Industry ◽  
Performance Improvement ◽  
Cash Flow ◽  
Employee Turnover ◽  
Turnover Rate ◽  
Improve Performance ◽  
Deep Dive ◽  
Construction Company ◽  
Financing Costs

After witnessing a year-on-year growth of 50% since its inception in 1993, Ziggurat Developers was well on its way to being the next niche, technically sophisticated, and edgy construction company in Mumbai, India. This case takes a deep dive into how winning a prestigious construction contract in the country led to Ziggurat's loss of revenue, cash flow deficits, year-on-year losses, high financing costs, loss of banking, idling of resources, loss of credibility, and high employee turnover rate. Instead of these significant contracts providing a strong foothold in the construction industry, it destroyed Ziggurat and the recovery took a decade. Performance improvement is often the study of how to improve performance when discrepancies are confined to a silo or a subset of functions within an organization. But how do you get back to exemplary performance when you are boxed in and there is no way out?

scholarly journals Business process reengineering for the increase in the environmental friendliness of construction

2019 ◽  
Vol 91 ◽  
pp. 08048
Author(s):  
Natalia Shchepkina ◽  
Maiya Kramchaninova
Keyword(s):  
Construction Industry ◽  
Environmental Economics ◽  
Business Processes ◽  
Negative Impact ◽  
Process Reengineering ◽  
Environmental Friendliness ◽  
Construction Company ◽  
Construction Companies ◽  
Ecological Requirements ◽  
Current Trends

Some current trends and prospects of the world construction industry development from environmental economics position are presented in article. The increased role of innovations and their influence on the competitiveness of construction company in the context of economic, social and ecological components is analyzed. Reduction of some negative impact of all the types of technological processes of construction on the environment is connected with the growth of innovative opportunities. This research proves the need of overcoming technical and technological lag for the development of the construction industry by the means of introduction of business processes management instruments. Justification of reengineering as an effective way of transformation of the technology of construction production is made. The algorithm of stage-by-stage reengineering of business processes, offered in the article is the instrument of effective introduction of technological innovations in the construction companies according to current ecological requirements.

Exploring the use of financial capacity as a predictor of construction company corporate performance

2015 ◽  
Vol 13 (4) ◽  
pp. 596-611 ◽  
Author(s):  
George Cyril Tucker ◽  
Abimbola Windapo ◽  
Keith Stone Cattell
Keyword(s):  
Financial Performance ◽  
Construction Industry ◽  
South African ◽  
Corporate Performance ◽  
Financial Capital ◽  
Content Type ◽  
Financial Capacity ◽  
Construction Company ◽  
Construction Companies ◽  
Operational Variables

Purpose – The purpose of this paper is to examine the resilient operational variables that impact the corporate performance of construction companies in the South African construction industry and to explore whether financial capacity can be used as a predictor of construction company performance in the context of the South African construction industry. Design/methodology/approach – The operational variables of construction companies that impact their corporate performance were identified through an in-depth review of the extant literature. A combination of convenience and snowball sampling techniques were used in identifying 185 building and civil engineering construction companies based in four provinces of South Africa and registered in Grades 2-6 of the Construction Industry Development Board (CIDB) contractor grading register. The data used in the study were collected from this cohort of respondents through the use of structured questionnaires. At the end of the study period, 62 valid responses representing a response rate of 33.5 per cent were received. Data collected were analyzed using descriptive and inferential statistics. Findings – The findings of this study indicate that there is a significant positive relationship between the financial capital and net assets of construction companies and their corporate performance in terms of turnover. The data collected did not support any significant relationship between other operating financial variables, such as Return on Capital Employed and profitability and financial performance. Research limitations/implications – A predictive model for predicting the financial performance of firms was developed from the data collected. The implication of this is that the more financial capital possessed by a construction company, the more the company’s financial performance in terms of turnover. The CIDB can use financial capacity as a measure when grading contractors, as a good number of contractors are not performing. The predictive model developed could be adopted by the CIDB as an instrument for predicting the corporate financial performance of construction companies that seek to be listed on their contractor grading register. Originality/value – This research will be of significance to researchers and members of the research community in providing new knowledge as well as to contractors in enabling them to understand the importance of having financial capital. It is also of importance to the CIDB in their quest for contractor and construction industry development. Further research to validate the results obtained in this study using a larger sample size across more provinces of South Africa will form the basis of future studies.

scholarly journals Management of defective works in infrastructure projects

2018 ◽  
Vol 9 (1) ◽  
pp. 73-80
Author(s):  
E. Gashi
Keyword(s):  
Complex Nature ◽  
Skilled Labor ◽  
Construction Process ◽  
Construction Costs ◽  
Engineering Project ◽  
Construction Company ◽  
Professional Groups ◽  
Project Costs ◽  
Construction Defects

Constructing a new building or any other civil engineering project from scratch is a challenge for the construction industry as novelty designs may be produced by designers but they are often constructed by low skilled labor on site. The unique and sometimes complex nature of the construction sector arises because a large number of different professional groups have different interests and requirements, which often conflict with one another. In principle, each construction company aims to construct a project without any defects from the very first activity on site right up to final completion. This aim is almost impossible to achieve throughout the entire construction duration because of many factors, including: low skilled labor, difficult site conditions, and incomplete designs, varying quality cultures in each company, poor communication and poor management. Therefore, construction defects are things which we can assume to have occurred on the site. Defects occurring during the construction process are sometimes costly and preventable mistakes. Research has shown that correcting defective components that are identified late in the construction process or during the maintenance period accounts for approximately 15% of the total construction costs. This paper presents a case study of the defects that occurred during a motorway construction project as a consequence of poor workmanship by an untrained workforce and it aims to raise awareness of the need for on-the-job training for quality managers in order to minimize defective works and reduce the project costs spent on correcting them. It also identifies the various factors that cause construction defects and suggests measures that can be taken to reduce them.

scholarly journals Employee preferences for work-life benefits in a large New Zealand construction company

2012 ◽  
Vol 12 (1) ◽  
pp. 12-25 ◽  
Author(s):  
Emily Morrison ◽  
Derek Thurnell
Keyword(s):  
New Zealand ◽  
Construction Industry ◽  
Personal Development ◽  
Working Hours ◽  
Work Life ◽  
Australian Study ◽  
Construction Company ◽  
Challenging Environment ◽  
Workplace Cultures ◽  
Work Life Conflict

The construction industry is a challenging environment in which to work, with job characteristics that are linked to work-life conflict, and it is important for its future sustainability that initiatives to support employee work-life balance are undertaken. 121 head office and site-based employees within a large New Zealand construction company rated their preferences for work-life benefits, and the results were compared with those of a similar previous (Australian) study. The most preferred work-life benefit factor (as for the previous Australian study) was found to be ‘wellness and personal development’. Results suggest that company provision of a wide variety of work-life benefits from which employees can choose during different stages in their life and career is ideal. Qualitative results suggest some work-life conflict associated with working long hours and weekend work exists. It is proposed that to attract and retain valuable employees, the New Zealand construction industry must provide useful work-life benefits, reasonable working hours, and supportive workplace cultures in line with such initiatives. 

scholarly journals Optimization on the Efficiency of the Construction Sector Companies in Malaysia With Data Envelopment Analysis Model

2018 ◽  
pp. 893-898
Author(s):  
Lim Shun Jinn ◽  
Lam Weng Hoe ◽  
Lam Weng Siew
Keyword(s):  
Data Envelopment Analysis ◽  
Construction Industry ◽  
Efficiency Score ◽  
Data Envelopment Analysis Model ◽  
Data Envelopment ◽  
Construction Sector ◽  
Analysis Model ◽  
Construction Company ◽  
The Growth Of Economy

Construction industry contributes to the growth of economy in Malaysia. Therefore, efficiency is important to measure how well the construction company is performing in utilizing the resources to generate outcomes. The aim of this research is to evaluate the efficiency of the listed construction sectors companies in Malaysia with Data Envelopment Analysis model. In this study, BREM, DKLS, ECONBHD, HSL, KERJAYA, MELATI, MLGLOBAL, PTARAS, PUNCAK, SUNCON and ZECON are ranked as efficient companies which achieve 100% efficiency score. This study is significant because it helps to identify the efficient companies that serve as benchmark to other inefficient companies for further improvement.

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