International comparison of cost for the construction sector: Towards a conceptual model

Sawhney, A; Walsh, KD; Brown, A

International comparison of cost for the construction sector: Towards a conceptual model

Sawhney, A Walsh, KD Brown, A

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Publisher:: Taylor & Francis Ltd
Publication Type:: Journal Article
Citation:: Civil Engineering And Environmental Systems, 2004, 21 (3), pp. 151 - 167
Issue Date:: 2004-01

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Field	Value	Language
dc.contributor.author	Sawhney, A	en_US
dc.contributor.author	Walsh, KD	en_US
dc.contributor.author	Brown, A	en_US
dc.date.issued	2004-01	en_US
dc.identifier.citation	Civil Engineering And Environmental Systems, 2004, 21 (3), pp. 151 - 167	en_US
dc.identifier.issn	1028-6608	en_US
dc.identifier.uri	http://hdl.handle.net/10453/13855
dc.description.abstract	Purchasing power parity (PPP) is often used by global organizations to perform international comparison of gross domestic product and other important economic indicators. Gross level comparisons include comparison of the output of the construction sector. Calculation of a construction sector PPP is a challenging endeavor incorporating aspects of construction finance, management, and estimating. The existing method in use by the World Bank relies upon a detailed estimate for a set of standard projects. The drawbacks of this method have been noted. Exploring the use of baskets of goods and services, the article finds that the inherent incorporation of labor and equipment charges is an important advantage of the standard projects method (SPM). However, the SPM is difficult and expensive to conduct. Therefore, a reduced scope of construction cost estimating is proposed, through the use of a basket-of-construction-components (BOCC). This article describes the BOCC approach that can be utilized to calculate construction sector PPP.	en_US
dc.publisher	Taylor & Francis Ltd	en_US
dc.relation.ispartof	Civil Engineering And Environmental Systems	en_US
dc.relation.isbasedon	10.1080/10286600410001665644	en_US
dc.subject.classification	Environmental Engineering	en_US
dc.title	International comparison of cost for the construction sector: Towards a conceptual model	en_US
dc.type	Journal Article
utslib.citation.volume	3	en_US
utslib.citation.volume	21	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	0907 Environmental Engineering	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	3	en_US
pubs.volume	21	en_US

Abstract:

Purchasing power parity (PPP) is often used by global organizations to perform international comparison of gross domestic product and other important economic indicators. Gross level comparisons include comparison of the output of the construction sector. Calculation of a construction sector PPP is a challenging endeavor incorporating aspects of construction finance, management, and estimating. The existing method in use by the World Bank relies upon a detailed estimate for a set of standard projects. The drawbacks of this method have been noted. Exploring the use of baskets of goods and services, the article finds that the inherent incorporation of labor and equipment charges is an important advantage of the standard projects method (SPM). However, the SPM is difficult and expensive to conduct. Therefore, a reduced scope of construction cost estimating is proposed, through the use of a basket-of-construction-components (BOCC). This article describes the BOCC approach that can be utilized to calculate construction sector PPP.

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

http://hdl.handle.net/10453/13855