scholarly journals FORMATION OF A SYSTEM OF SUSTAINABLE DEVELOPMENT INNOVATIVE AND FINANCIAL DEVELOPMENT INVESTMENT ACTIVITIES IN THE REGION

2021 ◽  
pp. 125-134
Author(s):  
М.С. Агафонова ◽  
О.Г. Шальнев
Keyword(s):  
Construction Industry ◽  
Financial Development ◽  
Theoretical Basis ◽  
Essential Feature ◽  
Scientific Work ◽  
Individual Investors ◽  
Investment Strategies ◽  
Integral Index ◽  
Construction Companies ◽  
Comprehensive Management

Введение. В работе уточнен алгоритм устойчивого инновационно-финансового развития и обеспечения инвестиционно-строительной деятельности ЦЧР, который построен на корректировке основных элементов стратегии, которая действует в регионе, при сочетании ресурсов бюджета и отдельных инвесторов. Проведен мониторинг эффективности аккумулирования инвестиций в строительство. Показан процесс финансового обеспечения инвестициями строительства, на условии сочетания бюджетных мер, лизинга, страхования, факторинга и средств государственной поддержки; дополнительных ресурсов, которые сосредоточены на предприятии; посредством формирования инновационных инвестиционно-финансовых кластеров в ЦЧР. Данные и методы. Научная работа построена на последовательном исследовательском пути с использованием следующих научных форм: абстрактно-логической, математической, аналитической, статистической, диалектической. Полученные результаты. В работе применена авторская методология оценки инвестиционного обеспечения строительной отрасли, в основу которой положено исчисление четырех групп взаимосвязанных показателей, как составных компонентов интегрального показателя эффективности привлечения инвестиций; существенным отличием является возможность выбора инвестиционного сценария развития отрасли, позволяющего спрогнозировать результаты реализации действующих инвестиционных стратегий региона. Заключение. Результаты исследования могут быть использованы в качестве теоретической основы для построения комплексной системы управления строительными предприятиями, выполняющими инновационные исследования и разработки. Introduction. The article clarifies the algorithm of sustainable innovation and financial development and provision of investment and construction activities of the cdr, which is based on the adjustment of the main elements of the strategy operating in the region, with a combination of budget resources and individual investors. Monitoring of efficiency of accumulation of investments in construction is carried out. The article shows the process of financial support of investments in construction, provided a combination of budget measures, leasing, insurance, factoring and state support; additional resources that are focused on the enterprise; through the formation of innovative investment and financial clusters in the CDR. Data and methods. scientific work is based on a consistent research path using the following scientific forms: abstract-logical, mathematical, analytical, statistical, dialectical and mathematical. The results obtained. In work the technique of evaluation of investment support of the construction industry, which is based on the calculation of four sets of interrelated indicators as integral components of the integral index of efficiency of investment; an essential feature is the ability to select an investment scenario of the industry, allowing to predict the results of the implementation of existing investment strategies in the region. Conclusion. The results of the study can be used as a theoretical basis for building a comprehensive management system for construction companies engaged in innovative research and development work.

Assessment of Electronic Procurement Practices on Project Delivery, Case Study of Selected Construction Companies in Oyo State

2018 ◽  
pp. 257-266
Keyword(s):  
Construction Industry ◽  
Information Exchange ◽  
Ease Of Use ◽  
Project Delivery ◽  
Development Programs ◽  
Construction Firms ◽  
Construction Companies ◽  
Electronic Procurement ◽  
Ict Infrastructure ◽  
E Mail

This study investigated the use of e-Procurement in selected construction firms in Oyo state, Nigeria. The data were derived using a well-structured questionnaire survey involving 104 respondents. Descriptive statistical and correlation analyses were used to analyze the data. Findings show that the use of electronic procurement in the selected construction firms for carrying out procurement function is high with majority of the professionals affirming the use of the system, the four categories of e-Procurement used were e-mail, static websites, web.2.0 technologies and portals that have capabilities of supporting the execution of functions limited to intra and inter firm communication and exchange of project information and data. Consequently, between 84 percent and 76 percent of the respondents used these e-Procurement technologies for communication of information, exchange of bill of quantities, project reports, CAD drawings and project specifications. Consequently, factors with the highest positive impacts on the use of these technologies in the firms were the speed of transactions, lower transaction cost and ease of use. The study implies that the selected construction firms in Oyo state Nigeria predominantly use e-mails and websites to support the execution of pre-award phase of construction procurement. Finding also shows that there is positive relationship between e-Procurement (e-Notifying, e-Exchange, and e-Submission of bid) and Project delivery. The study suggests that to accelerate the rate of uptake of e-Procurement and maximize its benefits in the Nigerian construction industry, there is a need to improve the quality and quantity of ICT infrastructure across the country; and to embark on aggressive enlightenment campaigns, training and skill development programs in the use of e-Procurement in the construction industry in this country.

What does the concept of affordances afford?

2021 ◽  
pp. 105971232098268
Author(s):  
Rob Withagen ◽  
Alan Costall
Keyword(s):  
Lived Experience ◽  
Theoretical Basis ◽  
Scientific Work ◽  
Ecological Approach ◽  
Design Practices ◽  
The Many ◽  
Architecture And Design ◽  
Functional Concept

Gibson once suggested that his ecological approach could provide architecture and design with a new theoretical basis. Erik Rietveld takes up this suggestion—the concept of affordances figures prominently not only in his philosophical and scientific work but also in the design practices he is engaged in. However, as Gibson introduced affordances as a functional concept, it seems ill-suited to capture the many dimensions of our lived experience of the (manufactured) environment. Can the concept of affordances also take on the expressive and aesthetic qualities of artifacts and buildings?

scholarly journals ENVIRONMENTAL MANAGEMENT SYSTEMS AS A DRIVER FOR SUSTAINABILITY: STATE OF IMPLEMENTATION, BENEFITS AND BARRIERS IN GERMAN CONSTRUCTION COMPANIES

2017 ◽  
Vol 23 (1) ◽  
pp. 150-162 ◽  
Author(s):  
Jan-Simon SCHMIDT ◽  
Rainard OSEBOLD
Keyword(s):  
Environmental Management ◽  
Construction Industry ◽  
Construction Materials ◽  
The State ◽  
Management Systems ◽  
Environmental Management Systems ◽  
Large Measure ◽  
Construction Companies ◽  
Ecologically Sustainable ◽  
Corporate Business

The construction industry, as one of almost every economy’s major generators of environmental impact, can contribute in large measure to achieving the goals of sustainability. However, most publications in this field deal with sustainability with reference to selecting construction materials and improvements in the operating phase of buildings. When considering ecological sustainability the focus has to be extended from the finished building to the building pro­cess. Therefore the actors of the construction sector who are responsible for the production process have to be studied: the construction companies. The goal of this paper is to study the state of ecologically sustainable corporate business management in construction. The state of application of elements of environmental management systems (EMS) is used as an indicator of the current situation in German construction companies. EMS can help continuously to environmen­tally improve the operating processes of the firms. A broad survey about the extent of EMS has been conducted consid­ering the barriers and drivers. In general, a relatively low interest in EMS and a lack of knowledge is noticeable within the sector. As a result, strategic recommendations are made on how to promote environmental management to foster sustainable thinking in the German construction industry.

scholarly journals Examining the implementation of ISO 9001 in Indonesian construction companies

2015 ◽  
Vol 27 (1) ◽  
pp. 94-107 ◽  
Author(s):  
Debby Willar ◽  
Vaughan Coffey ◽  
Bambang Trigunarsyah
Keyword(s):  
Quality Management ◽  
Construction Industry ◽  
Current Practice ◽  
Iso 9001 ◽  
Quality Management Systems ◽  
Content Type ◽  
Construction Companies ◽  
Main Motive ◽  
Research Findings ◽  
Management Attitude

Purpose – The purpose of this paper is to examine the implementation of quality management systems (QMSs) of Grade 7 (G-7) Indonesian construction companies. This includes the initial motives that have driven the development of QMSs, barriers to effective QMS implementation, the current practice and integration of QMS-ISO 9001 principles and elements, and the performance of contractors implementing such QMSs. Design/methodology/approach – A survey was conducted involving 403 respondents (Quality Management Representatives, Managers, and Project and Site Engineers) from 77 G-7 as well as ISO 9001 certified Indonesian construction companies. Findings – The main motive for G-7 contractors in establishing and implementing ISO 9001 based QMSs are identified as being to effectively and efficiently control project activities. Respondents apparently do not often experience problems related to QMS implementation. However, issues of management attitude and purpose are identified as barriers that may affect effective QMS implementation. The study highlights the ISO 9001 principles and elements that still require to be more critically applied by G-7 contractors in order to fully implement and improve their current QMS effectiveness. The findings also suggest that, although certified, many G-7 contractors have not yet achieved a satisfactory level of performance to be truly competitive in global markets outside Indonesia. Originality/value – To date, only limited research has been conducted into the application of ISO 9001 in the Indonesian construction industry. The research findings reinforced the value of pursuing more effective QMS implementation. They also support current attempts to introduce ISO 9001 QMSs to a much wider base of Indonesian construction companies, particularly small and medium sized contractors and builders.

Operational process stages of brand alliances

2015 ◽  
Vol 27 (4) ◽  
pp. 389-408
Author(s):  
Chung-Ju Tsai ◽  
Tzong-Ru (Jiun-Shen) Lee ◽  
Szu-Wei Yen ◽  
Per Hilletofth
Keyword(s):  
Construction Industry ◽  
Brand Alliances ◽  
Content Type ◽  
Operational Process ◽  
Construction Companies ◽  
Reinforcing Bar ◽  
Brand Alliance ◽  
Interview Survey ◽  
Alliance Partners ◽  
Development And Management

Purpose – The purpose of this research is to investigate how companies in the reinforcing bar industry and the construction industry operate and implement brand alliances. Design/methodology/approach – This research uses a qualitative interview survey and the grounded theory method to extract key factors of brand alliance development and management in the targeted industries. The interview survey included six managers from different construction companies in Taiwan. Findings – This research identifies four common firm-level operational process stages (core categories) of brand alliances including different multidimensional factors, and proposes a conceptual model based on these identified core process stages. The four common core process stages include selection of brand alliance partners, communication with brand alliance partners, enforcement of brand alliances and assessment of brand alliances. Originality/value – The proposed model offers a tentative explanation of the development and management of brand alliances between the reinforcing bar industry and the construction industry. This study represents an initial research attempt in this field and explains how reinforcing bar and construction companies operate and implement brand alliances.

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.

scholarly journals Application of BIM and 3D Laser Scanning for Quantity Management in Construction Projects

2020 ◽  
Vol 2020 ◽  
pp. 1-10
Author(s):  
Thu Anh Nguyen ◽  
Phong Thanh Nguyen ◽  
Sy Tien Do
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Laser Scanning ◽  
Essential Role ◽  
Industrial Revolution ◽  
Management Process ◽  
3D Laser Scanning ◽  
Economic Sectors ◽  
Construction Companies

The construction industry has played an essential role in the process of modernization and industrialization and it has also been a major factor in determining the development of the infrastructure for other economic sectors. Construction companies consider the measurement of work progress, which often wastes time and has a low resolution, to be one of the most challenging problems faced by project management. Therefore, this research aimed to propose practical solutions by applying recent technological achievements of the 4.0 industrial revolution to improve the efficiency of the quantity management process. By utilizing the advantages and features of a BIM model and 3D laser scanning, this paper proposes that adopting a BIM model and 3D laser scanning has the potential to improve the accuracy and efficiency of the quantity management process. The case study demonstrated some typical tasks to evaluate accuracy and efficiency as well as to showcase the research proposal.

scholarly journals Effectiveness of Selected Investment Strategies in the Opinion of Polish Individual Investors Depending on their Personal Preferences

2020 ◽  
Vol 13 (4) ◽  
pp. 442-451
Author(s):  
Katarzyna Daniluk
Keyword(s):  
Risk Aversion ◽  
Investment Strategy ◽  
Capital Allocation ◽  
Survey Method ◽  
Individual Investors ◽  
Investment Horizon ◽  
Investment Strategies ◽  
Research Material ◽  
Individual Needs ◽  
Level Of Risk

SummarySubject and purpose of work: The work aimed at identifying and characterising the interdependence between Polish investors’ personal preferences in investing and their opinion about the effectiveness of investment strategies. It was examined how the adopted investment horizon, the level of risk aversion and the time spent daily on investing impact the interviewees’ experiences and opinions on the effectiveness of investment strategies.Materials and methods: As the survey method was employed, a questionnaire was sent to randomly selected Polish individual investors. The research material consisted of 652 questionnaire forms.Results: The study showed a relevant dependence between Polish investors’ personal preferences and their opinions on the effectiveness of the particular strategies.Conclusions: The interdependencies revealed in the study may be used by potential investors in the process of matching a strategy to individual needs so as to enhance the effectiveness of the choice. A higher awareness of the problem of matching an investment strategy to personal preferences will lead to improved effectiveness of capital allocation among Polish investors.

scholarly journals Can Individual Investors Capture The Value Premium?

2011 ◽  
Vol 7 (5) ◽  
Author(s):  
Patrick J. Larkin
Keyword(s):  
Individual Investors ◽  
Investment Strategies ◽  
Enterprise Value ◽  
Market Portfolio ◽  
A Value ◽  
Time Period ◽  
Return On Capital ◽  
Reduce Risk ◽  
One Year ◽  
Value Strategy

I test the performance of several simple one and two-factor mechanical GARP and value investment strategies against a value-weighted market portfolio for the period 1998-2006, focusing on the suitability of the strategies for individual investors. All of the GARP and value strategies produce substantially higher average returns than the market portfolio over the 97 rolling one-year holding periods included in the study. The strategies have a higher standard deviation of returns across the 97 start months, but are less likely than the market portfolio to experience negative returns over any three or five-year time period. Overall, the best performing strategies are EBIT to enterprise value and return on capital, EBIT to enterprise value alone, and earnings yield (the inverse of the P/E ratio). Adding a profitability factor to form a GARP strategy from a simple one-factor value strategy does not appear boost performance, though it does reduce risk in the EBIT to enterprise value and return on capital strategy. My results indicate that individual investors who are able to tolerate occasional underperformance should consider using a GARP or value strategy in at least a portion of the portion of their portfolio that is allocated to U.S. equities.    

scholarly journals Analysis of Request for Proposals in Construction Industry

2016 ◽  
Vol 20 (1) ◽  
pp. 104 ◽  
Author(s):  
Michal Tkáč ◽  
Radoslav Delina ◽  
Martina Sabolová
Keyword(s):  
Construction Industry ◽  
Single Case ◽  
The Other ◽  
Pareto Analysis ◽  
Construction Companies ◽  
Potential Client ◽  
Other Hand ◽  
Quantitative Results ◽  
Main Barrier

<p><strong>Purpose:</strong> The purpose of this paper is to identify and determine reasons why construction companies reject some of the request for proposals (RFPS) suitable for them. <br /><strong>Methodology/Approach:</strong> The research has several parts. Within the first part the list of reasons which lead to rejection of RFPS and thus potential client are identified. Then the comparison of differences between groups of rejected RFPS with different configuration is made. The last part of research use Pareto analysis to determine most obvious and most costly reasons of rejection of RFPS. <br /><strong>Findings:</strong> The paper identifies 12 reasons, why construction companies decline to prepare proposal for their potential clients. It also doesn’t confirm that configuration of RFPS has significant impact on the rejection of RFPS. Moreover the results on the other hand showed that insufficient trust represent the main barrier which influences the rejection of RFPS in selected company.<br /><strong>Research Limitation/implication:</strong> The main limitation of the research is that it is based on single case study. Although, the quantitative results have to be generalised very carefully, on the other hand paper provide list of the possible reasons why construction companies decline to compete for an offer. <br /><strong>Originality/Value of paper:</strong> The paper provides unique perspective because apart from traditional attitude, where only the submitted RFPS are evaluated, this paper analyses rejected RFPS and tries to identify and determine reasons why construction companies decide not to prepare proposal and thus reduce the possibility to acquire new contract.</p>

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