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11 – 20 of over 2000
Article
Publication date: 1 January 1989

M.J. Reddie

Discusses the problems which may be encountered by a propertypurchaser in connection with the title offered by the vendor. Considersthe variety and applicability of legal…

Abstract

Discusses the problems which may be encountered by a property purchaser in connection with the title offered by the vendor. Considers the variety and applicability of legal indemnity policies, which can be individually written to cover the purchaser′s request. Concludes that a number of types of cover exist which can assist in a fast property sale.

Details

Property Management, vol. 7 no. 1
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 8 March 2011

Graeme Newell, Nelson Chan and Evan Goodridge

This paper aims to assess all compulsory land acquisition court decisions in Australia over 1985‐2009 to provide a risk assessment and compensation analysis involved in proceeding…

1403

Abstract

Purpose

This paper aims to assess all compulsory land acquisition court decisions in Australia over 1985‐2009 to provide a risk assessment and compensation analysis involved in proceeding to court for compulsory land acquisition cases.

Design/methodology/approach

Using the AustLII legal database, every publicly available compulsory land acquisition court case decision in Australia over 1985‐2009 is assessed. These 58 court cases are assessed for claim, offer and judgment value.

Findings

A total of 91.4 percent of compulsory land acquisition court cases over 1985‐2009 were found to be successful in achieving a judgment value of at least that of the offer. The median judgment value for successful cases was 60 percent higher than the offer value, while for unsuccessful cases it was 68 percent lower than the offer value. Successful smaller judgments (<$2 million) generated more upside compensation (median of 66 percent) than larger judgments (>$2 million) (median 41 percent upside compensation). Appealed cases were found to be only 28.6 percent successful, with only a maximum of 5.6 percent additional compensation achieved.

Practical implications

This paper provides a rigorous empirical risk assessment and compensation analysis for compulsory land acquisition court cases in Australia over the last 25 years. This provides an effective tool for dispossessed property owners, statutory acquirers and their professional legal and valuation advisors for more informed compulsory land acquisition court case decision making.

Originality/value

Using all compulsory land acquisition court decisions in Australia over the last 25 years, this paper is the first attempt internationally to rigorously and empirically conduct a risk assessment and compensation analysis involved with proceeding to court for compulsory land acquisition cases. Given the significance of the compulsory land acquisition process, this empirically validated research enables a more informed and critical understanding of the risk factors and compensation outcomes attached to the compulsory land acquisition court case judgment process.

Details

Journal of Property Investment & Finance, vol. 29 no. 2
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 6 October 2021

Kofi Asabere Bediako Asare, Rui Liu and Chimay J. Anumba

This paper aims to present a review of research developments relating to the application of building information modeling (BIM) to facilities management (FM). It sheds light on…

Abstract

Purpose

This paper aims to present a review of research developments relating to the application of building information modeling (BIM) to facilities management (FM). It sheds light on major technical and organizational issues with the view of identifying how existing BIM for FM knowledge applies to large capital projects.

Design/methodology/approach

The study adopted a literature search approach to retrieve relevant articles which were subjected to keyword analysis to enable categorization of extant BIM for FM research into appropriate sub-domains. A qualitative analysis of 94 BIM for FM-related literature was carried out in addition to a review of 9 capital project-related articles, leading to the establishment of research trends, gaps and future directions.

Findings

The review found that research in the BIM-FM integration field is predominantly technology and process-oriented, with less attention paid to people or organizational aspects. Therefore, there is a need for expanding the knowledge base in this direction. Several future research directions were identified to lay the foundations for research on BIM application to FM in large capital projects and other application areas for interested researchers. These future directions were categorized under the identified sub-domains of the field and mapped onto two generic activities, i.e. technical integration and business integration, involved in technology adoption by organizations.

Originality/value

The main contribution of this study is the categorization of existing research on BIM for FM, leading to the identification of research gaps concerning the initiation and implementation of BIM for FM in large capital projects. As a secondary benefit, this study has validated some sub-domains of the BIM for the FM research field identified in previous review papers using an empirical approach. This validation of defined sub-domains is useful for an emerging research field as it provides a common understanding of trends and specific application areas.

Article
Publication date: 1 January 1978

The Equal Pay Act 1970 (which came into operation on 29 December 1975) provides for an “equality clause” to be written into all contracts of employment. S.1(2) (a) of the 1970 Act…

1374

Abstract

The Equal Pay Act 1970 (which came into operation on 29 December 1975) provides for an “equality clause” to be written into all contracts of employment. S.1(2) (a) of the 1970 Act (which has been amended by the Sex Discrimination Act 1975) provides:

Details

Managerial Law, vol. 21 no. 1
Type: Research Article
ISSN: 0309-0558

Article
Publication date: 1 July 1992

Mark Weigler

Reviews problems arising with insurance in respect to the very highincidence of retail fires, with arson a major cause. Retailers must be awareof policy requirements and minimize…

Abstract

Reviews problems arising with insurance in respect to the very high incidence of retail fires, with arson a major cause. Retailers must be aware of policy requirements and minimize damage without starting remedial work. Inadequately prepared claims are a problem and retailers need to assess their loss and prepare claims properly, difficult when estimating consequential loss. Claims preparation and negotiation with adjusters, forensic scientists and accountants employed by the insurer may be assisted by the retailer using a professional loss assessor who will also advise on reorganizational requirements. The aim is to restore the retailer′s business in the shortest possible time.

Details

International Journal of Retail & Distribution Management, vol. 20 no. 7
Type: Research Article
ISSN: 0959-0552

Keywords

Article
Publication date: 1 April 1986

Martin Jarrett FRICS MACostE

Introduction The professional property manager's business is investment. He looks for good returns from his portfolio — so he needs to protect it from possible disasters. If this…

Abstract

Introduction The professional property manager's business is investment. He looks for good returns from his portfolio — so he needs to protect it from possible disasters. If this protection is to be effective, he must insure for the correct amount, taking into account not only the costs of reinstating property, but also loss of income while reconstruction is taking place. He is also likely to find that professional help with handling claims and arranging rebuilding will save both time and money.

Details

Property Management, vol. 4 no. 4
Type: Research Article
ISSN: 0263-7472

Article
Publication date: 27 July 2012

Thanuja Ramachandra and James Olabode Bamidele Rotimi

The construction industry suffers from significantly large number of insolvencies than other industries due to its inherent characteristics and these have dire consequences on…

Abstract

Purpose

The construction industry suffers from significantly large number of insolvencies than other industries due to its inherent characteristics and these have dire consequences on project participants and the industry at large. The purpose of this paper is to determine both the causes of liquidation and the distribution of losses to construction parties through an analysis of liquidators' reports on some construction firms based in New Zealand.

Design/methodology/approach

The study collates primary information from Liquidators' reports for firms operating within three main sub‐sectors of the construction industry. The information was then analysed using simple interpretative techniques for the period covering 2005 to 2009. Altogether the data set used for the analyses included 65 construction firms.

Findings

The major reasons for construction insolvencies are found to be: financial difficulties due to non‐payment, poor debt management, drop in property prices, and the liquidation of related companies. Other reasons are discussed within the paper. The paper also illustrates that liquidation of construction firms causes payment delays and consequential losses to project stakeholders. The results show that settlements of trade creditors take an average of 18 months and payment is usually not received fully after liquidation proceedings. It is apparent that there is little security for payment losses in construction insolvencies.

Originality/value

In this paper, information on reasons for and the consequences of liquidation provide a valuable thought‐starter for managing payment problems in the construction industry. The paper extends knowledge on possible security to payment losses experienced by lower tier project participants when the upper tiers become illiquid.

Details

Journal of Financial Management of Property and Construction, vol. 17 no. 2
Type: Research Article
ISSN: 1366-4387

Keywords

Article
Publication date: 1 April 1973

M.R. Denning, Edmund Davies and L.J. Lawton

June 22,1972 Damages — Remoteness — Negligence — Economic loss — Contractors damaging cable supplying electricity to factory — Physical damage to metal in factory's furnace as…

Abstract

June 22,1972 Damages — Remoteness — Negligence — Economic loss — Contractors damaging cable supplying electricity to factory — Physical damage to metal in factory's furnace as result of power cut — Loss of profit from “melt” and from further melts which would have taken place if no power cut — Whether economic loss recoverable — Whether economic loss attaching to physical loss recoverable — Doctrine of parasitic damages.

Details

Managerial Law, vol. 14 no. 1
Type: Research Article
ISSN: 0309-0558

Article
Publication date: 1 March 1984

V. Graham Williams

What should be insured, what can be insured, how best to insure it are things which are forever changing. ‘What if’ situations are limitless so I shall be concerned here only with…

Abstract

What should be insured, what can be insured, how best to insure it are things which are forever changing. ‘What if’ situations are limitless so I shall be concerned here only with insurance against damage to property and ignore consequential loss, liabilities, construction risks, obligations under leases and other aspects.

Details

Property Management, vol. 2 no. 3
Type: Research Article
ISSN: 0263-7472

Article
Publication date: 1 February 1983

John C Vann

We've all of us suffered from the so‐called computer error — the ever‐repeating bill flopping through the letterbox, or the more serious print‐out failure holding up a giro…

Abstract

We've all of us suffered from the so‐called computer error — the ever‐repeating bill flopping through the letterbox, or the more serious print‐out failure holding up a giro cheque. However, these could be considered minor irritations compared to a complete systems failure, particularly if it's your firm's computer that has packed up. Insurance cover against such breakdown is particular and detailed. John Vann examines one major insurer's computer policy; outlines a tailor‐made policy for small computer systems; and points to one company that even covers computer fraud.

Details

Retail and Distribution Management, vol. 11 no. 2
Type: Research Article
ISSN: 0307-2363

11 – 20 of over 2000