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Existing studies relating to value management in developing countries reveals that the Nigerian construction industry is also facing the challenge of not fully adopting value management practice into construction, let alone other sectors of the system. The introduction gives the correlation between sustainability and value management as techniques vital to the development of construction in Nigeria. The relative importance of value management is said to give an overview of the new advantages the practice brings to parties involved in an identified project concerned with using value management. Requirements, challenges and behavioural elements pertaining to value management in the Nigerian construction industry summarize the concerns with the application of value management in the country. The conclusion gives a general summary of the elements highlighted throughout this research.

This chapter brings to notice the general idea behind the need to consider value as a pertinent point since construction is swiftly moving towards sustainability. The introductory chapter introduces the general information about the subtopics across the parts of the book and mentions other techniques implemented in the construction industry. The value system for construction characterizes construction features into sections. The barriers often experienced in implementing value management highlight some of the difficulties encountered in applying value management or any new technique in the construction industry. The summary aspect ends the whole concept of the work discussed in this chapter.

Culture is a big influence in the United Arab Emirates (UAE). The presence of culture and related social practices influences the nature and types of demands from the clients of construction projects. Value management (VM) introduced into this construction industry had to break barriers facing the full adoption of the practice. The introductory aspect of the work explains the growth of the construction industry in the UAE over the years. Sustainability and construction were also discussed to understand the influence of both and the utility to be derived with time. Another part of the work speaks on how to improve the practice of VM in UAE construction by suggesting ideas in the design and construction stages. The effect of environment and the cultural aspect of the people, clients, professionals and so on conclude the later part of the work.

The purpose of this paper is to present the current knowledge surrounding social value (SV) and show how lean approach supports SV realisation in the delivery of construction projects.

A critical literature review was adopted, to gather the current knowledge surrounding SV from mainstream management sciences, construction management and lean literature. A total of 70 studies were critically reviewed.

The study establishes that the current level of awareness on SV is still low and there is a dearth of scholarly publications on SV especially in the construction management literature. The investigation reveals the potentials of lean approach in supporting the delivery of SV on construction projects.

This study conceptualises the community and the physical environment around where the construction project is executed as customers using lean production approach. It shows that the transformation, flow and value view supports smooth workflow, which enhances the achievement of SV objectives. This creates a new insight into how SV can be realised in construction project delivery.

This study extends the on-going debate around the need for SV in construction project delivery and contributes to construction management and lean construction literature on SV. Future studies could build on this to obtain empirical data and develop an approach/method that would support the evidencing of SV delivery on construction projects.

The purpose of this paper is to focus on exploring the construction client values and qualities reported by scholars over the last 20 years, along with clarifying commonalities and differences between “value” and “quality” in terms of definitions and their constituent attributes in the context of construction.

An in-depth, systematic literature review was used to develop a basis for identifying client values and qualities. During the research process, citation analysis has been applied to understand these attributes in the literature.

While the findings may appear to align with the value theory concept of a strong interrelationship between quality and value, the authors argue that there is an intermingling of various subjective and objective preferences within construction scholarship, rather than a broad-brush adherence to the value theory and other related theories.

A qualitative research approach of inductive analysis was conducted using the semantics of terms and codes. Although reliability checks have been conducted, the generalisability of the study findings is subject to natural methodological limitations.

This study provides initial guidance on what contractors need to consider while providing services, and leads contractors to give their clients the best possible experience during a relationship. It proposes a shift in the way construction clients assess their contractors, to improve how services are delivered.

Enhancing client value is not straightforward, hence strong emphasis has been placed on understanding client values in this study, which contributes to the construction literature by facilitating further research leading to stronger construct definitions and theory-building efforts.

Coping behaviors are a popular area of research in relation to construction professionals, who are often compelled to face a great deal of stress while striving for good performance in a dynamic and demanding industry. The effectiveness of various coping behaviors on stress and performance of construction professionals have long been identified. However, factors associating with individual adoption of various coping behaviors are still uncertain. People from different cultural environments have different values and hence different preferences for coping strategies, which have different effects on construction professionals. Hence, the papers’ primary contribution to the overall body of knowledge is the establishment of statistical evidence that desired cultural values of construction professionals can influence their adoption of coping behaviors. The paper aims to discuss these issues.

A questionnaire survey was designed and conducted to investigate the relationships between cultural values and coping behaviors of construction professionals in Hong Kong (HK). Surveys were distributed to 500 HK construction professionals by fax, e-mail, or personal contact. Of these, 139 were returned, giving a response rate of 28.0 percent. Based on the data collected, a series of systematic statistical analyses, including factor analyses, regression analysis and structural equation modeling (SEM), were conducted using SPSS 15.0 and Lisrel 8.5.

Based on the results of factor analyses and regression analysis, a SEM was developed which reveals the following: first, interpersonal integration triggers planful problem solving; second, a disciplined work ethos triggers positive reappraisal and alleviates emotional discharge; and third, interpersonal integration triggers a disciplined work ethos. A series of personal-, interpersonal-, task-, and organizational-level recommendations are given on how to encourage construction stakeholders to adopt adaptive coping behaviors through cultivating their cultural values.

The current study adopted a series of systematic analysis approaches to provide empirical support of how Chinese values of construction professionals predict their adoption of various coping behaviors in the dynamic and stressful industry. Since different coping behaviors have different impact on performance of construction professionals, the findings provide indications for future studies on enhancing performance through the cultivation of various cultural values and the coping behaviors they thereby adopt.

The purpose of this paper is to improve the understanding of what clients value from contractors’ services. Understanding client values and the way by which clients perceive value will contribute to client-perceived value within contracting services.

A literature review was conducted to understand how clients perceive value in the construction industry. In addition, conducting expert interviews and document analysis helped in achieving the research purpose.

The findings show that values associated with time, cost and quality can be considered as important client values, while they are not exclusive values for assessing contractor service anymore. Construction clients are concerned about health and safety, low rate of environmental impact, guarantees, creativity, technology transfer, value for money, reliability and tangibles of their contractors’ services. In addition, they value their contractors’ behaviour, attitude and professionalism.

The study has disseminated different client values, through classified outcomes, to make the knowledge area more available to construction service providers. This study’s findings helped in understanding client values and how clients perceive value from contractors’ services. With this information, contractors are able to provide better services to clients. Satisfactory delivery of the values identified in this study is believed to have the greatest impact on client-perceived value within contracting services. Developing a management strategy that recognises, prioritises and satisfactorily delivers these values is essential to ensure that highest level of client-perceived value is achieved.

The construction literature is focussed on traditional values related to time, cost and quality, while this study highlighted the role of values such as trust, commitment, communication and other non-result-ordinated values essential for achieving client satisfaction. This study’s findings proposed a new practical assessment concept to value construction contractor services.

This paper aims to develop a framework for implementing the integrated project delivery (IPD) approach during the design process in architecture design firms (ADFs) in Egypt.

A research methodology consists of literature review, case studies and survey questionnaire was designed to achieve the abovementioned aim. First, literature review was used to identify and categorise the challenges of implementing IPD during the design process. Second, four case studies were analysed to investigate the values delivered to the client or missed due to the use of IPD or traditional procurement approaches, respectively. Finally, a survey questionnaire was carried out with a representative sample of ADFs in Egypt to investigate their perception towards the challenges of IPD implementation in Egypt. Based on the results of the above, the research developed a framework to facilitate the implementation of IPD in ADFs in Egypt.

Through literature review, the research identified 30 challenges that hamper the implementation of IPD in ADFs. These challenges were categorised due to their nature into five groups, namely, integration, cooperation, commitment and trust challenges, knowledge, experience skills and decision-making challenges, cultural challenges, legal and contractual challenges and technical and financial challenges. Results of data analysis showed that “poor communication and spirit of collaboration between project stakeholders” was ranked the highest influential challenge as IPD is based on collaboration and trust between project participants. In addition, “lack of training and motivation in investing for using IPD” was ranked the lowest influential challenge due to the poor attention paid to training in the construction industry. Moreover, despite the benefits of IPD implementations in many countries worldwide, it is not implemented in the Egyptian context. This necessitated taking action towards developing a framework to facilitate IPD implementation in ADFs in Egypt.

The research focussed on ADFs in Egypt.

Adopting the proposed framework developed through this research will help implementing IPD during the design process in ADFs.

The research identified, categorised and analysed the challenges that obstruct the implementation of IPD in ADFs. The research tackled a topic that received scant attention in construction literature in the Middle East generally and Egypt in particular. In addition, this paper presented a framework to facilitate the implementation of IPD during the design process, which represents a synthesis that is novel and creative in thought and adds value to the knowledge in a manner that has not previously occurred.

The purpose of the study is to examine the value-based performance of firms in construction sector in India using Tobin's Q and Market Capitalization (MCAP) and then determine their significant financial drivers.

The study is based on data from 87 firms engaged in infrastructure, real estate, industrial construction and allied areas in India over a study period of 10 years. Three distinct forms of panel regression models have been developed using Tobin's Q and MCAP as dependent variables. The models developed are using Baltagi's (1981) Error Component 2SLS, Varadharajan-Krishnakumar's (1987) Generalized 2SLS and Arellano – Bower/Blundell – Bond's (1991) dynamic panel.

The study found that MCAP is a better suited value-based performance measure for construction sector firms in India. The study further reports that the age of the firm, profit after tax, investment in research and development, dividends, leverage and net fixed asset are significant positive drivers, whereas cash flow is a significant negative driver.

The study is limited to a geographic location; therefore, the findings of this study cannot be generalized.

As MCAP is a better suited value-based performance measure of a firm in the construction sector, managers should focus on improving profitability, higher research and development activities, higher dividends and higher expenditures on net fixed assets for improvement.

This is an original attempt to examine the value-based performance of firms in the construction sector in India using Tobin's Q and MCAP.

Value in construction is defined in so many ways and used to mean many different things, often linked to cost, time, objectives and customers that there exists no concise and complete description of what constitutes value within a construction context. Hence, the purpose of this paper is to study the current perceptions of value by the construction players and compare with emerging theories of value in the literature.

Empirical evidence of prevailing perceptions of value within the support role provided by the head contractor (HC) to the subcontractors (SCs) is presented based on two years of action research on six construction sites in Sydney, Australia.

The results show that value management during the construction phase is currently understood as intrinsic to other HC functions. The paper presents a list of activities identified by HCs and SCs as key support services to be performed by the HC to enable efficient progression of construction.

There are limitations in generalising the outcomes of this study to the construction industry. Further research is required in advancing the role of the HC in overall construction organisation.

This paper adds value in advancing the role of the HC in construction. Empirical evidence of value‐based management closely following the current perceptions of the construction players compared to managing value as a separate function is presented.