Home

Engineering Construction & Architectural Management

Publisher:
Emerald Group Publishing Limited
Emerald Publishing
ISSN:
0969-9988
Scimago Journal Rank:
63
journal article
LitStream Collection
Precontractual investigation and risk aversion

BRCHNER, JAN

1994 Engineering Construction & Architectural Management

doi: 10.1108/eb020994

This paper presents an analytical framework for determining efficient levels and durations of precontractual investigation. Economic efficiency in the allocation of investigation tasks between client and tenderer is shown to depend on how closely related the technologies of investigation and construction are. Moreover, risk aversion and the interest rate affect the efficient allocation. The framework is also used as a basis for an investment analysis of the balance between client's investigation efforts and expected claims in the future. Finally, the framework is used to show how the optimal length of the investigation period can be derived from the expected cash flow associated with a project over its total life cycle, from inception to demolition. Results indicate the economic potential of tailoring risk sharing in construction procurement, according to the type of construction project and the attitudes to risk among client and contractors.
journal article
LitStream Collection
The evaluation of construction disputes a risk approach

O'REILLY, MICHAEL P.; MAWDESLEY, MICHAEL J.

1994 Engineering Construction & Architectural Management

doi: 10.1108/eb020995

Disputes frequently occur on engineering and construction projects. In this paper it is argued that these disputes need to be evaluated and managed, with proper attention being paid to planning of time and money. Since the way in which dispute management is approached will depend on the perceived selfinterest of the parties, it is imperative that disputants have a sensible measure of their selfinterest. Traditional probabilistic risk assessment techniques are shown to be of assistance and can be used to compute appropriate dispute management strategies. By way of example, a Monte Carlo simulation of a dispute is performed and discussed.
journal article
LitStream Collection
Dealing with unexpected problems do contracts help A comparison of the NEC and JCT 80 forms

LOOSEMORE, MARTIN

1994 Engineering Construction & Architectural Management

doi: 10.1108/eb020996

This paper considers the impact that contractual procedures have upon the client's control system's ability to deal with unexpected problems. An analysis is made of the relevant procedures set out in the New Engineering Contract NEC and a comparison is made to those set out in the Standard Form of Building Contract 1980 Edition JCT 80. The comparative analysis is based upon a model of problem solving which identifies four critical stages in the problem solving process. The objective of the paper is to identify the strengths and weaknesses of JCT 80 and NEC in relation to the stages of this model. The aim of the paper is to make some recommendations which could be incorporated into future contracts to improve problem solving effectiveness. This work is a continuation of a research project which is considering the communication and behavioural aspects of the problem solving process in construction projects.
journal article
LitStream Collection
Information for the management of the buildingmaterials flow

POORTMAN, EVERT R.; NORBERT M. BONS, H.

1994 Engineering Construction & Architectural Management

doi: 10.1108/eb020997

This paper deals with the materials flow to the building site and how to make it meet the requirements of right quality, quantity, time and place. It offers a way to systematically map materials flow to the building site and send the right information to the supplier in order to get the right materials to the building site.
journal article
LitStream Collection
Construction technology development role of an appropriate policy

OFORI, GEORGE

1994 Engineering Construction & Architectural Management

doi: 10.1108/eb020998

Construction industries in developing countries face many problems. One of these is the low level of their technological development. This paper considers how a national technology policy can help improve the situation. After a brief discussion of technology and its development, construction technology development is considered. The nature of, and potential benefits from, technology policies are discussed. Ghana's experience and that of other countries in construction technology development are outlined. Courses of action for achieving progress are then indicated.
Articles per page
Browse All Journals

Related Journals: