Study on Contract Credit Structure of Construction Project Based on SEM

2014 ◽  
Vol 1079-1080 ◽  
pp. 1075-1079 ◽  
Author(s):  
Hua Liu ◽  
Zheng Li
Keyword(s):  
Life Cycle ◽  
Evaluation System ◽  
Life Cycle Management ◽  
Contract Management ◽  
The Core ◽  
Credit Structure ◽  
Credit Evaluation System ◽  
Safety And Environment ◽  
Positive Effect ◽  
Responsible Party

Engineeringcontract confirmed the project’global goals like cost、time、quality、safety and environment, clearly stipulated the rights and obligationsof the responsible party. So contract management wass the core of projectmanagement. A good contract credit had a positive effect on the contractmanagement. This article analyzed the LCM (Life-cycle management) of theconstruction project, and attempted toestablish a set of scientific、reasonable credit evaluation system. Based on the SEM (StructuralEquation Model) theory, this paperanalyzed and identified the structure of the contract credit and built the quantitativeevaluation model for the construction contract credit. Through the investigation of the empirical dataanalysis, the model’s fitting results shownthe more reliability and stability.

Design and Development of the Enterprise Asset Management System Based on EAM

2013 ◽  
Vol 416-417 ◽  
pp. 2066-2071
Author(s):  
Guo Xiang He
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Preventive Maintenance ◽  
Business Processes ◽  
Life Cycle Management ◽  
Maintenance And Repair ◽  
The Core ◽  
Whole Process ◽  
Repair Costs ◽  
Asset Management System

The paper describe the EAM function by proposing the main modules and major business processes, abstracting the main business processes.it implements preventive maintenance of assets, assets track, the whole process of life-cycle management based on the equipment,asset account and treat management maintenance as the core, the submission, approval,implementation of work order as main line. EAM can effectively improve the efficiency of equipment maintenance, reduce maintenance and repair costs, improve asset reliability and value.

scholarly journals Assessing Decentralized Contract Life Cycle Management Issues and Challenges

2020 ◽  
Vol 1 (1) ◽  
pp. 20-29
Author(s):  
Gracious Jean Ampumuza ◽  
Wilson Okaka ◽  
Peter W. Obanda ◽  
Titus Bitek Watmon
Keyword(s):  
Life Cycle ◽  
Local Governments ◽  
Response Rate ◽  
Case Study Research ◽  
Holistic Approach ◽  
Life Cycle Management ◽  
Contract Management ◽  
Descriptive Case Study ◽  
Management Issues

This article examines the influence of contract life cycle management on procurement performance of Local Governments in Uganda using Bugiri District as the case study. The three specific objectives of this study were to: examine the influence of contract creation on procurement performance; to assess the influence of contract execution on procurement performance and lastly, to determine the influence of contract analysis on procurement performance. The researcher employed a descriptive case study research design. Using a researcher’s made five point Likert scale questionnaire, data was collected from a sample of respondents. Seventy (70) respondents out of a population of eighty (80) were selected using purposive and random sampling techniques (response rate of 94.3%). Data was analyzed using means and the regression analysis. Findings revealed that; the extent to which contract creation predicts performance was low (r2 = 0.36, Sig. Value= 0.000); the extent to which contract execution influences procurement performance was low (r2 = 0.34, Sig. Value = 0.003) and lastly, the extent to which contract analysis influences procurement performance was moderate (r2 =0.44, Sig. Value = 0.001). On the other hand, findings revealed that contract management at Bugiri District local government in Uganda highly and positively influences procurement performance (R2= 0.779 Sig. Value= 0.000). This implies that where each of these variables; contract creation, execution and analysis are handled separately, each has a low influence on procurement performance. However if handled wholesomely, results show that high procurement performance (78%) will be achieved. In light of this, the researcher therefore concludes that; practioneers, managers and civil servants at Bugiri District should adopt a holistic approach in contract management, if procurement performance is to be maximized. Doi: 10.28991/HEF-2020-01-01-03 Full Text: PDF

A Novel Framework of the Life Cycle Asset Management for Transmission and Transformation Equipment of Power System

2012 ◽  
Vol 241-244 ◽  
pp. 773-777
Author(s):  
Yue Wu ◽  
Jun Biao Wan ◽  
Ke Yi Wang ◽  
Rui Ma
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Life Cycle Cost ◽  
Evaluation System ◽  
Power Transmission ◽  
Cost Benefit ◽  
Life Cycle Management ◽  
Management Support ◽  
Index Evaluation ◽  
Assets Management

Nowadays, State Grid Corporation is promoting the construction of the “Large Five” system and new requirements for the management of are put forward. A brief analysis of the current power transmission and transformation equipment management and their existing problems is given in this paper. Based on the analysis, the Power transmission and transformation equipment life cycle management framework is proposed. The framework is composed of management support systems, including asset management standard system, key index evaluation system, assets benefit evaluation decision mechanism when put into operation, the life cycle assets management information system, and decision-making method with the cost benefit mechanism and key index evaluation mechanism. At the same time, with the use of risk assessment, assets life-cycle cost management, state evaluation, reliability evaluation, life evaluation, the transmission and transformation equipment assets management level is optimized.

Effectiveness Of Life Cycle Management Of Projects Using Information Modeling

2019 ◽  
pp. 24-29 ◽  
Keyword(s):  
Life Cycle ◽  
Construction Projects ◽  
Life Cycle Management ◽  
Information Modeling ◽  
Engineering Systems ◽  
Basic Principles ◽  
Complex Engineering ◽  
Domestic Practices ◽  
Capital Construction ◽  
Complex Engineering Systems

Improving the efficiency of life cycle management of capital construction projects using information modeling technologies is one of the important tasks of the construction industry. The paper presents an analysis of accumulated domestic practices, including the legal and regulatory framework, assessing the effectiveness of managing the implementation of investment construction projects and of complex and serial capital construction projects, as well as the life cycle management of especially dangerous technically complex and unique capital construction projects using information modeling technologies, especially capital construction projects, as well as their supporting and using systems, primarily in the nuclear and transport sectors. A review of modern approaches to assessing the effectiveness of life cycle management systems of complex engineering systems in relation to capital construction projects is carried out. The presented material will make it possible to formulate the basic principles and prospects of applying approaches to assessing the effectiveness of the life cycle management system of a capital construction project using information modeling technologies.

Life Cycle of Construction Objects at Information Simulation of Buildings and Structures

2019 ◽  
pp. 65-72 ◽  
Keyword(s):  
Life Cycle ◽  
Construction Projects ◽  
Life Cycle Management ◽  
Information Modeling ◽  
Sources Of Information ◽  
Logical Scheme ◽  
Modeling Technology ◽  
Information Models ◽  
Building Information ◽  
The Russian Federation

The variants of the division of the life cycle of a construction object at the stages adopted in the territory of the Russian Federation, as well as in other countries are considered. Particular attention is paid to the exemplary work plan – "RIBA plan of work", used in England. A feature of this document is its applicability in the information modeling of construction projects (Building information Modeling – BIM). The article presents a structural and logical scheme of the life cycle of a building object and a list of works that are performed using information modeling technology at various stages of the life cycle of the building. The place of information models in the process of determining the service life of the building is shown. On the basis of the considered sources of information, promising directions for the development of the life cycle management system of the construction object (Life Cycle Management) and the development of the regulatory framework in order to improve the use of information modeling in construction are given.

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