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The Economics of the Construction Industry

The Economics of the Construction Industry
Author: Gerald Finkel
Publisher: Routledge
Total Pages: 229
Release: 2015-02-24
Genre: Business & Economics
ISBN: 1317457277

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The American construction industry, reponsible for nearly 4% of the nation's Gross Domestic Product, directly employs over five million people and provides millions of additional support jobs in related fields. This book provides an introductory overview of the economic aspects of the industry, including the historical development of building activity from earliest times to modern day market-based construction, including the work of individual artisans to complex construction unions. The book explores current trends in labor force participation; the measurement of industry performance; the determinants of investment; government involvement; competition; wage determination; training; and worker safety.


The Construction Chart Book

The Construction Chart Book
Author: CPWR--The Center for Construction Research and Training
Publisher: Cpwr - The Center for Construction Research and Training
Total Pages: 160
Release: 2008
Genre: Business & Economics
ISBN:

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The Construction Chart Book presents the most complete data available on all facets of the U.S. construction industry: economic, demographic, employment/income, education/training, and safety and health issues. The book presents this information in a series of 50 topics, each with a description of the subject matter and corresponding charts and graphs. The contents of The Construction Chart Book are relevant to owners, contractors, unions, workers, and other organizations affiliated with the construction industry, such as health providers and workers compensation insurance companies, as well as researchers, economists, trainers, safety and health professionals, and industry observers.


The Economics of Construction

The Economics of Construction
Author: Stephen L. Gruneberg
Publisher: Economics of Big Business
Total Pages: 196
Release: 2019
Genre: BUSINESS & ECONOMICS
ISBN: 9781788210140

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The construction of housing, commercial property, and infrastructure projects--roads, bridges, tunnels, railways, airports--for both the private and public sectors is one of the biggest industries in the world. It contributes around 10 per cent of world GDP, employs 7 per cent of the global workforce, and consumes around 20 per cent of the world's energy (and generates a third of the world's CO2 emissions). So important is the contruction industry that it is widely seen as the best indicator of a national economy's health. Stephen Gruneberg and Noble Francis, two of the UK's leading construction economists, present an up-to-date analysis of the construction industry's business model and the risks and challenges the industry faces in the twenty-first century. The book explores the many distinctive features of the economics of the industry, such as how firms use cost-reduction rather than profit maximizing behavior, the processes of tendering and procurement, and the often cyclical nature of demand. Some of the issues touched on include the nature of the government-client relationship, the difference between commissioned and speculative construction development, operating as well as building infrastructure, the advantages of off-site construction, the demand for green and sustainable construction, and the competition from government-backed Chinese companies in major infrastructure projects. As well as examining industry-wide issues, the book looks at how individual projects are costed. These can range from the construction of Dubai's Yas Island or Heathrow's third runway, to the construction of a local hospital, or a residential housing estate. Finance, cash flow, cost overruns, and labor relations are all shown to be fundamental to completing a project on time and within budget, regardless of size. The book offers authoritative analysis and expert insight to provide a survey suitable for students in both business schools and departments of architecture and the built environment.


The Construction Sector in the Asian Economies

The Construction Sector in the Asian Economies
Author: Y. H. Chiang
Publisher: Taylor & Francis
Total Pages: 520
Release: 2004
Genre: Architecture
ISBN: 9780415286138

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This comprehensive and up-to-date collection of data on the Asian construction sector presents a unique guide to construction economics in the following countries: Australia, China Mainland, China Hong Kong, India, Indonesia, Japan, Korea, Malaysia,


Corruption and Racketeering in the New York City Construction Industry

Corruption and Racketeering in the New York City Construction Industry
Author: New York State Organized Crime Task Force
Publisher: NYU Press
Total Pages: 316
Release: 1991
Genre: Business & Economics
ISBN: 0814730345

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This book, Corruption and Racketeering In The New York City Construction Industry: The Final Report of the New York State Organized Task Force, lays out in close and compelling detail the intricate patterns of currupt activities and relationships that for the better part of a century have characterized business as usual in the construction industry in America's largest metropolis. The book is the end product of more than five years' worth of investigation, prosecutions, and research by the New York State Organized Crime Task Force, a unique agency that has set a national example for marrying law enforcement initiatives with comprehensive and exhausting analysis of the causes and dynamics of industrial racketeering. This is a sobering analysis of the construction industry , one of New York City's largest industries, and in effect, one of the city's most significant economic sectors. In any given year during the 1980s, billions of dollars of construction were being carried out at any one time. The industry regularly employs more than 100,000 people in the city, involving some one hundred union locals and many hundreds of general and specialty contractors as well as a large number of architects, engineers, and materials suppliers. The book shows—in great and provocative detail—how organized extortion, bribery illegal cartels, and bid rigging characterize construction in the city. The basis for much of this crim is labor racketeering, controlled or orchestrated by organized crime. It reveals how this world of corruption affects not only the private sector but the city's vast public works program, and it spells out the ways in which both organized crime and official corruption each sustain the dynamics of ongoing criminality. Wrong-doing on a massive scale is documented at length. But this book is more than a recitation of extensive and systematic criminality. The book recommends a number of plausible options for genuine reform. Necessarily these are profound and radical solutions, but everyone who reads this book will conclude that only profound and radical solutions could hope to solve such an entrenched and intractable crime problem.


The Connectivity of Innovation in the Construction Industry

The Connectivity of Innovation in the Construction Industry
Author: Malena Ingemansson Havenvid
Publisher: Routledge
Total Pages: 301
Release: 2019-04-01
Genre: Architecture
ISBN: 1351110179

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The construction industry is currently experiencing accelerating developments concerning societal demands along with project complexity, internationalization and digitalization. In an attempt to grasp the consequences of these demands on productivity and innovation, this edited book addresses how innovation is likely to take place with a more long-term perspective on the construction sector. While existing literature focuses on organizational discontinuity and fragmentation as the main reasons for the apparent lack of innovation in the industry, this book highlights the connectivity of construction actors, resources and activities as fundamental for understanding how innovation takes place.Through 15 empirically grounded chapters, the book shows how innovation is part of construction processes on various levels, including project, firm and industry, and that these innovation processes are characterized by organizational and technological connectivity over time. Written by European business management scholars, the chapters cover empirical cases and examples from both a multi-organizational and a multi-international perspective in terms of covering the viewpoints of different industry actors and the contexts of several different European countries including: Sweden, Norway, the UK, Italy, France, Hungary and Poland. By illustrating how connectivity is part of innovation processes in the creation of single-product innovations, of various innovations within and across projects, as well as a fundamental aspect of the processes in which innovations cross nations, the book provides a new angle on how to understand construction innovation and where the industry might (or needs to) be heading next. This book is essential reading for anyone interested in construction management, project management, engineering management, innovation studies, business and management studies.


Advancing the Competitiveness and Efficiency of the U.S. Construction Industry

Advancing the Competitiveness and Efficiency of the U.S. Construction Industry
Author: National Research Council
Publisher: National Academies Press
Total Pages: 122
Release: 2009-12-09
Genre: Technology & Engineering
ISBN: 0309141915

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Construction productivity-how well, how quickly, and at what cost buildings and infrastructure can be constructed-directly affects prices for homes and consumer goods and the robustness of the national economy. Industry analysts differ on whether construction industry productivity is improving or declining. Still, advances in available and emerging technologies offer significant opportunities to improve construction efficiency substantially in the 21st century and to help meet other national challenges, such as environmental sustainability. Advancing the Competitiveness and Efficiency of the U.S. Construction Industry identifies five interrelated activities that could significantly improve the quality, timeliness, cost-effectiveness, and sustainability of construction projects. These activities include widespread deployment and use of interoperable technology applications; improved job-site efficiency through more effective interfacing of people, processes, materials, equipment, and information; greater use of prefabrication, preassembly, modularization, and off-site fabrication techniques and processes; innovative, widespread use of demonstration installations; and effective performance measurement to drive efficiency and support innovation. The book recommends that the National Institute of Standards and Technology work with industry leaders to develop a collaborative strategy to fully implement and deploy the five activities


The Economics of the Modern Construction Sector

The Economics of the Modern Construction Sector
Author: G. Ive
Publisher: Springer
Total Pages: 293
Release: 2000-07-31
Genre: Business & Economics
ISBN: 0230510914

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This book will be of interest to built environment professionals and to students of the economics and management of the built environment. It shows the value of integrating ideas and data about the production of the built environment as an industrial process with theories and data about the demand for construction. The approach taken is institutional and post-Keynesian, and illuminates an important and distinctive sector of the economy, embracing design, construction and property industries. This book offers some new and important perspectives for research and teaching in construction economics and management.


Managing Business in the Civil Construction Sector Through Information Communication Technologies

Managing Business in the Civil Construction Sector Through Information Communication Technologies
Author: Mundhra, Bithal Das
Publisher: IGI Global
Total Pages: 254
Release: 2020-10-30
Genre: Business & Economics
ISBN: 1799852938

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Many industries have struggled to realize the importance of modern technology, but none more so than the construction industry. By employing various computer-aided management systems, construction businesses have increased their profitability and the systematic way their companies function. Managing Business in the Civil Construction Sector Through Information Communication Technologies supplies a compendium of innovative research that highlights the use of computer-aided design and tools and the vital role that such forms of information technology have to play in the actual production activities of any civil construction company. Subsequent chapters focus on equally vital areas such as that of construction management, contracts management, materials management, human resource management, and enterprise resource planning. Chapters on cloud computing technology, internet of things, and artificial intelligence enable readers to acquire an overview and grasp the basics of these latest trending technologies. This book is ideally designed for construction firms, students, entrepreneurs, industry professionals, IT consultants, and academicians.


Corruption in the Public Construction Sector

Corruption in the Public Construction Sector
Author: Ming Shan
Publisher: Springer
Total Pages: 195
Release: 2019-07-12
Genre: Political Science
ISBN: 9811395500

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This book is committed to provide a holistic view of corruption in the public construction sector, a sector that has been perceived as the most corrupt in the world. Relying on the new findings achieved from a series of qualitative and quantitative studies, this book unveils the specific forms of corruption, the principal causes of corruption, and the prevailing anti-corruption strategies that are used by the current practice. Furthermore, this book provides two metrics that can assess the potential of corruption and the risk of collusion in given public construction projects, respectively. This book will enhance industry and research communities’ understandings of corruption in the public construction sector. It is also informative to policy-makers and can help them come up with some more effective strategies to eliminate corruption in the public construction sector.