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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.

Construction Management Strategies

Author	: Milan Radosavljevic
Publisher	: John Wiley & Sons
Total Pages	: 325
Release	: 2012-04-23
Genre	: Technology & Engineering
ISBN	: 0470656093

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An authoritative textbook on construction management offering a clear model for understanding theoretical aspects. The construction industry has become a truly global network of interconnected stakeholders making demands which require the involvement of skilled workforces from all over the world. Construction Management Strategies sets the foundations for understanding and managing construction’s inherent complexity and uniqueness. It establishes clear definitions of commonly accepted terms like built environment, construction, civil engineering, etc. which are often given confusing and conflicting interpretations. It cuts through the plethora of overlapping role titles currently used in the construction sector that make it difficult to establish how projects are actually managed. Construction Management Strategies: Offers a robust and consistent theoretical basis to explain the performance of the main approaches to construction management. Describes corporate and project management in construction as an integrated whole. Provides the basic toolkit a student needs to think through the practical situations they will later face. Helps bring the theory of construction management to international students who struggle to find a solid grounding in this complex and fragmented subject. Includes a companion website featuring a wealth of directly transferable examples for students, as well as PPT slides and topic discussion ideas for lecturers.

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

Construction Digitalisation

Author	: Douglas Aghimien
Publisher	: Routledge
Total Pages	: 181
Release	: 2021-07-25
Genre	: Business & Economics
ISBN	: 1000415953

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This book explores construction digitalisation, particularly in developing countries. The book conceptualises a digitalisation capability maturity model that will enable construction organisations to self-assess and benchmark their digital capabilities in their quest for digital transformation. Digitalisation offers a significant solution to the age-long problems of the construction industry. Research shows that when construction organisations transform from a traditional service delivery approach to a more digitalised approach, significant improvement in project delivery and better competitive advantage for these organisations will be attained. The attainment of these benefits is evident in developed countries where the digitalisation of construction activities continues apace. Unfortunately, the story is not the same for construction organisations in developing economies. While some organisations might be willing to be digitally transformed, most have no clue how to go about it. To this end, this book provides guidelines for construction organisations seeking to transform their entities digitally. Its content is a valuable read for construction company owners as it provides a model which they can use in the digitalisation of their activities. Also, regulatory bodies in the construction industry can adopt the capabilities identified in the book as essential prerequisites for their members. Furthermore, the book serves as excellent theoretical background reading for management researchers seeking to expand their knowledge on the digitalisation of the construction industry and other associated industries.

Innovation in Construction

Author	: Seyed Hamidreza Ghaffar
Publisher	: Springer Nature
Total Pages	: 466
Release	: 2022-03-23
Genre	: Technology & Engineering
ISBN	: 3030957985

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This book tackles the complex topic of implementing innovation and the successful application of advanced technology in the construction industry. It provides a practical guide for the transformation of the industry by detailing appropriate and effective implementation methods, required skill sets and structural changes necessary to facilitate the practical and innovative application of technology. The construction industry is behind other industries in its level of innovation and adoption of technology, and is of critical importance to many of today’s global challenges, such as climate change, global warming and resource scarcity. There is therefore a need for smarter and more efficient ways of managing available resources. This book elaborates on how the innovative application of technology could offer hope for the construction industry in it’s imperative to rise to current and future global challenges. It includes the real-world case studies of innovative projects that go beyond the current state-of-the-art academic research, and have improved productivity, quality and performance in the construction sector. This book provides readers from both industrial and academic backgrounds with a comprehensive guide on transforming the construction industry with the efficient and effective implementation of technologies and modern methods of construction.

Circular Economy in the Construction Industry

Author	: Sadhan Kumar Ghosh
Publisher	: CRC Press
Total Pages	: 363
Release	: 2021-12-22
Genre	: Science
ISBN	: 1000505251

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Circular Economy in the Construction Industry is an invaluable resource for researchers, policymakers, implementers and PhD and Masters-level students in universities analyzing the present status of Construction and Demolition Wastes (C&DW) management, materials development utilizing slag, fly ash, HDPE fibre, geo-wastes, and other wastes, green concrete, soil stabilization, resource circulation in construction sectors, success in experimentation & commercial production, future needs, and future research areas. While huge C&DW is wasted by dumping, there is potential of recycling preventing greenhouse gas (GHG) emissions and environmental pollution as well as creating business opportunities. Circularity of resources in the construction industry can contribute to a more secure, sustainable, and economically sound future through proper policy instruments, management systems, and recycling by selecting the following: Supply chain sustainability and collection of C&D Wastes, Appropriate separation and recycling technology, Enforcement of policy instruments, Productivity, quality control of recycled products and intended end use, Economic feasibility as business case, commercialization, generating employment. This book addresses most of the above issues in a lucid manner by experts in the field from different countries, which are helpful for the related stakeholders, edited by experts in the field.

Construction Safety Management, A Systems Approach

Author	: Jose D. Pérezgonzález
Publisher	: Lulu.com
Total Pages	: 306
Release	: 2005
Genre	: Fiction
ISBN	: 141163134X

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The few models on safety management that are available tend to explain a procedure to manage safety rather than a safety management system. The research carried out here, however, models safety management by transforming a common procedural model (i.e. the HSE's model, 1997) into a functional systems representation. The overall goal of the model is to offer clear graphic lines of influence of its different components on organisational safety. The model is innovative not in the components that it considers but in the representation of those components, which details relative distances between elements and, therefore, opens doors to model-driven hypotheses which account for those distances. Therefore, hypotheses are more accurate in their predictions. This model is firstly explored in the construction sector. Results from this exploratory research support the adequacy of the model to understanding safety management and encourage future research of a more confirmatory nature.

Lean Construction Management

Author	: Shang Gao
Publisher	: Springer
Total Pages	: 402
Release	: 2014-05-23
Genre	: Technology & Engineering
ISBN	: 9812870148

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The book presents a mixed research method adopted to assess and present the Toyota Way practices within construction firms in general and for firms in China specifically. The results of an extensive structured questionnaire survey based on the Toyota Way-styled attributes identified were developed and data collected from building professionals working in construction firms is presented. The quantitative data presented in the book explains the status quo of the Toyota Way-styled practices implemented in the construction industry, as well as the extent to which these attributes were perceived for lean construction management. The book highlights all the actionable attributes derived from the Toyota Way model appreciated by the building professionals, but alerts the readers that some attributes felled short of implementation. Further findings from in-depth interviews and case studies are also presented in the book to provide to readers an understanding how these Toyota Way practices can be implemented in real-life projects. Collectively, all the empirical findings presented in this book can serve to enhance understanding of Toyota Way practices in the lean construction management context. The readers are then guided through to understand the gaps between actual practice and Toyota Way-styled practices, and the measures that they may undertake to circumvent the challenges for implementation. The book also presents to readers the SWOT analysis that addresses the strengths, weaknesses, opportunities and threats towards the implementation of the Toyota Way in the construction industry. The book prescribes the Toyota Way model for use in construction firms to strategically implement lean construction management. The checklist presented in the book enables readers to draw lessons that may be used additionally as a holistic assessment tool for measuring the maturity of firms with respect to their Toyota Way implementation. Consequent to this, management would then be in a better position to develop plans for Toyota Way implementation by focusing on weak areas, strengthening them, and thus increasing the likelihood of success in the implementation of the Toyota Way. In a nutshell, this book provides a comprehensive and valuable resource for firms not only in the construction industry but also businesses outside of the construction sector to better understand the Toyota Way and how this understanding can translate to implementation of lean construction/business management to enhance profitability and survivability in an increasingly competitive global market place.