Improving inter-spatial comparison of construction costs

Walsh, KD; Sawhney, A; Vachris, MA

Improving inter-spatial comparison of construction costs

Walsh, KD Sawhney, A Vachris, MA

Permalink

Publisher:: Emerald Group Publishing Ltd
Publication Type:: Journal Article
Citation:: Engineering, Construction and Architectural Management, 2006, 13 (2), pp. 123 - 135
Issue Date:: 2006-01

Closed Access

	Filename	Description	Size
	2009007219OK.pdf		842.03 kB	Adobe PDF	View/Open

Copyright Clearance Process

Recently Added
In Progress
Closed Access

This item is closed access and not available.

Full metadata record

Field	Value	Language
dc.contributor.author	Walsh, KD	en_US
dc.contributor.author	Sawhney, A	en_US
dc.contributor.author	Vachris, MA	en_US
dc.date.issued	2006-01	en_US
dc.identifier.citation	Engineering, Construction and Architectural Management, 2006, 13 (2), pp. 123 - 135	en_US
dc.identifier.issn	0969-9988	en_US
dc.identifier.uri	http://hdl.handle.net/10453/13844
dc.description.abstract	Purpose The purpose of this paper is to compare construction costs between nations, which is an important part of international economic statistics. Methods employed for these comparisons to date have yielded questionable results. The paper presents a summary of the problem and the results of proof-of-concept testing for a new method. Design/methodology/approach Prices were estimated for a simple basket of two construction components using cost-estimating guides for several nations. Both developed and developing nations were included. The prices were obtained for the components installed in the field, including labor, equipment, and materials. Purchasing power parities (PPPs) were calculated from the baskets. Findings The results indicate that the basket of construction components approach provides construction sector results much more in keeping with the overall consumption PPPs for the countries tested. This result suggests that the values obtained from this method provide a reasonable measure of construction price differentials. The method also requires substantially fewer resources than previous project-based approaches.	en_US
dc.publisher	Emerald Group Publishing Ltd	en_US
dc.relation.ispartof	Engineering, Construction and Architectural Management	en_US
dc.relation.isbasedon	10.1108/09699980610659599	en_US
dc.subject.classification	Building & Construction	en_US
dc.title	Improving inter-spatial comparison of construction costs	en_US
dc.type	Journal Article
utslib.citation.volume	2	en_US
utslib.citation.volume	13	en_US
utslib.for	120201 Building Construction Management and Project Planning	en_US
utslib.for	1202 Building	en_US
utslib.for	0905 Civil Engineering	en_US
utslib.for	1503 Business and Management	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/e-Press
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	closed_access
pubs.consider-herdc	false	en_US
pubs.issue	2	en_US
pubs.volume	13	en_US

Abstract:

Purpose The purpose of this paper is to compare construction costs between nations, which is an important part of international economic statistics. Methods employed for these comparisons to date have yielded questionable results. The paper presents a summary of the problem and the results of proof-of-concept testing for a new method. Design/methodology/approach Prices were estimated for a simple basket of two construction components using cost-estimating guides for several nations. Both developed and developing nations were included. The prices were obtained for the components installed in the field, including labor, equipment, and materials. Purchasing power parities (PPPs) were calculated from the baskets. Findings The results indicate that the basket of construction components approach provides construction sector results much more in keeping with the overall consumption PPPs for the countries tested. This result suggests that the values obtained from this method provide a reasonable measure of construction price differentials. The method also requires substantially fewer resources than previous project-based approaches.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/13844