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This paper aims to analyse the characteristics of papers published in the Journal of Financial Management of Property and Construction (JFMPC) for the period 2010-2015…
This paper aims to analyse the characteristics of papers published in the Journal of Financial Management of Property and Construction (JFMPC) for the period 2010-2015 (Volumes 15.1-20.1 inclusive), to consider characteristics and recent trends among said publications and to discuss possible future directions in the subject field.
Descriptive statistics and qualitative content analysis via word count frequencies.
Eighty papers were published by a combined group of 216 authors. Lead authors were from a total of 50 academic and five private organisations. Sixty-seven papers were multi-authored, 10 of which were multi-national. Eighty-six papers were classified as research papers, 5 per cent were conceptual, 4 per cent general review, 2.5 per cent technical, 1.3 per cent case study and 1.3 per cent viewpoint. There were 46,251 downloads of these papers, which when time-adjusted, represented an average of 64 downloads per paper, per issue of availability on the Web. Most popular keywords were “construction”, “industry”, “project” and “private”. Among all keywords, the most popular themes were countries, organisations, miscellaneous and business.
Analysis highlights previous trends and possible future research themes.
The findings are unique to JFMPC and therefore novel/new.
Estimating is a fundamental part of the construction industry. The success or failure of a project is dependent on the accuracy of several estimates through‐out the course…
Estimating is a fundamental part of the construction industry. The success or failure of a project is dependent on the accuracy of several estimates through‐out the course of the project. Construction estimating is the compilation and analysis of many items that influence and contribute to the cost of a project. Estimating which is done before the physical performance of the work requires a detailed study and careful analysis of the bidding documents, in order to achieve the most accurate estimate possible of the probable cost consistent with the bidding time available and the accuracy and completeness of the information submitted. Overestimated or underestimated cost has the potential to cause loss to local contracting companies. The objective of this paper is to identify the essential factors and their relative importance that affect accuracy of cost estimation of building contracts in the Gaza strip. The results of analyzing fifty one factors considered in a questionnaire survey concluded that the main factors are: location of the project, segmentation of the Gaza strip and limitation of movements between areas, political situation, and financial status of the owner.
The Private Finance Initiative (PFI) is a recent development in the UK in which private sector organisations, design, build, finance and operate assets to deliver a…
The Private Finance Initiative (PFI) is a recent development in the UK in which private sector organisations, design, build, finance and operate assets to deliver a service to public sector clients. The initiative is expected to bring the private sector's finance, management skills and expertise into projects which would normally be undertaken by the public sector. Equivalents of this initiative, also found outside the UK, include DBFO (Design Build Finance Operate), BOO (Build Own Operate) and turnkey projects. Two important considerations for a project to receive an approval for the initiative are that it must represent value for money and there must be sufficient transfer of risk to the private sector. This paper, based on a questionnaire survey, provided the perceptions of clients, contractors and financial institutions on risk associated with PFI and how these determine their approach to PFI schemes. The analysis shows that design changes and the level of information on functional, performance and output requirements for PFI schemes are of major concern to the parties involved in this procurement route.
The purpose of this paper is to examine how contractor firms manage their relationships with extended supply chain tiers and investigate the range of ICT technologies used…
The purpose of this paper is to examine how contractor firms manage their relationships with extended supply chain tiers and investigate the range of ICT technologies used to facilitate such practices.
An on-line questionnaire survey was conducted to gather information about supply chain management operations, supplier relationship management and the ICT technologies used by contractor firms to manage their extended supply chain tiers.
The extended supply chain relationships of contractor firms are primarily composed of contractual, technical and financial entities, but findings suggest that the vision to consider extended supply chain firms when selecting suppliers are still myopic. Majority of ICT technologies are used between Tier 1 supply chain firms and there is an inconsistency in the number of technologies adopted with the extended supply chain tiers. Despite having a high involvement relationship with Tier 2 downstream firms, findings indicate a lack of use of ICT technologies to manage the organisational, personal and technological interactions with these firms.
On the basis of different relationship types this study develops an initial framework for management of supply chains that are facilitated by relevant ICT technologies.
This paper provides insights into the management of extended supply chain firms by contractor firms from a relationship-centric perspective and develops an initial framework for relationship-centric supply chain management.