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Showing 26 - 50 of 227 results
29 Apr 2018
Corporate governance helps to limit problems arising from the separation of ownership and management interests. The principal-agent problem occurs when managers act in their benefit at the expense of shareholders. This paper aims to identify the critical elements of corporate governance, investment decision-making by Real Estate Investment Trusts (REITs). The findings will contribute to the development of a corporate governance scoring framework based on an analysis drawn from the United Kingdom, South Africa and Nigeria REITs.
Many authors have attempted to predict a way to be able to forecast project life cycle cost especially at the early phases of the project. This paper covers the different components of the life cycle costing techniques. It also highlights some of the methods used such as the ReCipe Method. The different financial aspects of LCCA are defined such as the constant dollars method and the selection of the discount rate techniques.
Through a literature review and in-depth interviews, the study examines the position of Quantity Surveyors (QSs) in a collaborative production setting, revealing how they might collaborate with other stakeholders in construction. In addition, it also revealed an example of practice that shows how QSs can challenge and improve their current position going into collaborative practice.
The built environment industry is in a constant state of change as a result of a number of variables including economics, market forces, emerging technologies and government regulations. As such, it is imperative that built environment programs reflect the dynamic nature of the industry to ensure that students emerge work ready and well-prepared for the workplace.
This study examined some of the challenges and opportunities in real estate financing in Nigeria. This was done through the examination of four (4) salient factors, which are the economic factors, legal framework, policy environment and private sector developers. The residential loan of which mortgage loan forms the bulk, accounts for 70% of the GDP of the developed economies; however, it is less than 1% to Nigerian GDP. The causative underlying factors for this gross comparative under performance has to be understood to influence policy changes that will create a more sustainable real estate environment in Nigeria.
There exists a lack of a general measurement framework for determining the level of flood resilience for an individual property. This research presents a conceptual model for measuring flood resilience at the individual property level adopting a systems dynamic approach. The concepts underpinning the model and the make-up of the approach are discussed, including the identification of components and the development of mathematical models.
This paper investigates the efficient factors contributing to efficient Operation & Maintenance (O&M) management. It explores the characteristics of O&M management attributes namely competent staff; well-planned O&M management; budgetary and financial control; delivery and execution of work; spare part of materials; green technology; regulation and compliance; and prevention of vandalism. Sets of questionnaires were distributed to the stratified housing residents within Klang Valley, Malaysia to evaluate their level of satisfaction on the services provided and examine the influence of O&M management attributes towards O&M services performance.
There is a need to develop visualisation method(s) to conceptualise the complexity and risk-related events and visualise their impact on project performance. In accordance with this overall purpose, this study aims to lay the groundwork for the exploration and identification of effective visualisation method(s) suitable for mega-projects.
This research explores the advantages of utilising prefabricated bathrooms in building construction in Malaysia.
This paper presents a qualitative study that investigated occupants’ practices in two BREEAM Excellent buildings. This research investigated the levels of satisfaction of the building occupants with the thermal, lighting and aural environment and the actions taken by occupants to achieve comfort indifferent seasons.
The traditional function of the construction project management role is to integrate the technical variations between the different specialist roles involved in project delivery activities including risk management, to ensure integrative working practices devoid of cross purpose actions. This paper examines the behavioural patterns of the construction specialist roles responsible for design development and project risk management.
This paper examines the existing legislation and current practice of public procurement in Turkey and construction procurement specifically. The paper presents useful information by giving necessary definitions, explaining principles and procedures, and providing related statistics.
This study aims to: (1) investigate the effective method to bridging practice and classroom through PPM; (2) explore the effectiveness of improving the competence of Construction Management (CM) graduates through Professional Practice Modules (PPM); (3) summarise the lessons learned which will be beneficial for other CM institutes which are going to initiate a PPM scheme. Based on the strategic co-operation with a Chinese listed construction company, the CM Department in SUST, China explored the ways to enhance the competence of their graduates through a scheme of PPMs, in which two modules were collaboratively undertaken by 4 professionals each from the company.
This paper reviews the impact of procurement risks on collaboration, by reviewing existing literature. The paper deals with various procurement risks i.e. reliability, commitment, trust, et al and attempts to establish a connection between procurement risk and barriers of collaboration as its root cause.
In recent years, there have been significant calls for a more technologically driven construction sector which would not meet the expected standards in quality, time and cost but also integrate sustainable principles in delivering its final products. This research determines and prioritises the key drivers that can enhance the integration of Building Information Modelling (BIM) and sustainable practices in construction projects.
Research indicates that many construction managers tend to primarily use a quantitative form of research (Fellows and Liu 1997; Dainty 2007; Creswell and Plano Clark 2011), with the minority using a qualitative form of research. Both miss out on the advantages that the opposing paradigms can bring.
Construction projects are renowned for their complex and fragmented nature, making their environments hazardous and risky. The risk aspect increases in an urban area, which can adversely affect the external stakeholders affiliated with the project. Therefore, this paper aims to identify and document various response strategies used to counteract the issues identified from external stakeholders on urban construction projects. The core objective of this research is to identify response strategies relevant to the issues, and in the management of the stakeholders in these intrinsically risky environments.
The implementation of Building Information Modelling (BIM) is accelerating within architectural practices. However, there is evidence to support the premise that lean construction principles are being underutilised. This research concentrates on lean construction, centred on the adoption of BIM. In addressing this aim, a three-tiered sequential research approach is adopted; in-depth literature review, interviews / focus groups and qualitative analysis.
28 Apr 2018
Over the past few years, studies on the benefits of green building have been conducted and published. However, little scholarly attention has been paid to the need to review the existing literature on the benefits of green building adoption. This paper provides a systematic review of selected academic papers published in construction management (CM) journals from 2000 to 2014 (years inclusive).
Undue delay has caused poor performance in competitive tendering in Ghanaian public entities. In spite of this challenge, process timeliness has not received the needed attention in public works procurement in Ghana. Literature on the causes of delay in competitive tendering is scant with very little focus on the need to achieve process timeliness as a remedy to delays. In this paper, the need to remedy delays by focusing on process time effectiveness as a significant performance indicator is established.
Stress is a major concern in the construction industry (CI), with work overload, time pressure, a number of organizational tasks and physical demands as the common stressors. Although stress in the CI has been studied extensively, there is a lack of clarity on the ways to cope with it. Based on these considerations, the research identifies the factors that contribute to stress among industry professionals, considers the coping strategies professionals should use and examines the effects of stressors on their health and well-being.
This paper presents a study, which is a granted research project, aimedat supporting portfolio management of construction projects as a response to this need and current issues in portfolio management. Within this context a tool has been generated (COPPMAN - Construction Project Portfolio Management) that would meet the requirements in this area. The tool is believed to help professionals with its advantages in better visualisation and more realistic analysis of portfolios considering dependencies between projects related with resources, risks, learning potential and outputs.
Housing provides safety, comfort, positive experiences, satisfaction, and convenience to home occupants. Furthermore, it is also a source of wealth for many households. Despite the fact that housing is not affordable in Malaysia, unsold properties and overhangs are high and on an increasing trend. Therefore, the present research seeks to provide answers to a basic policy question namely, why affordable housing overhang is high, given the low home ownership rate in Malaysia.
Many attempts have been made in defining, exploring and quantifying COQ in recent years. However, the occurrences of high failure and the cost in correcting it is still a significant concern to many. This study aims to appraise external failure cost within the complex construction supply chain, then to identify strategies to prevent and appraise quality as a means of reducing failure. This paper provides interim findings from an on-going study of external failure cost in the construction industry.
Over the past twenty years there has been a general increase in rural land prices across the majority of New South Wales. In particular, there have been a number of locations with land price increases well above the State average. These same locations have also been subject to increased levels of foreign investment and ownership of rural land and greater participation by rural investment and management institutions. This paper compares the changes in rural land prices across a range of rural locations to the residential property markets in the main town centres servicing these rural areas.
© RICS 2018
© RICS 2018