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S.A. Assaf, A.A. Bubshait, S. Atiyah, M. Al‐Shahri
Project overhead costs in Saudi Arabia
M. Hutchings, J. Christofferson
Factors leading to construction company success: perceptions of small‐volume residential contractors
J. Zack (2001)
CALCULATION AND RECOVERY OF HOME OFFICE OVERHEAD
Workers Advice Center (WAC)
The labour market in Israel/Palestine, 2004, Construction industry as a test case
I. Noursi
Building and construction sector at Gaza and West Bank
J. Morse (2000)
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S. Assaf, A. Bubshait, Sulaiman Atiyah, M. Al-Shahri (2001)
The management of construction company overhead costsInternational Journal of Project Management, 19
A. Warsame
Construction costs: central concepts, categories and determining factors
B. Eksteen (2002)
THE MANAGEMENT OF OVERHEAD COSTS IN CONSTRUCTION COMPANIES
T. Chan, C. Pasquire (2002)
Estimation of project overheads: a contractor's perspective
R. Carr (1989)
Cost-Estimating PrinciplesJournal of Construction Engineering and Management-asce, 115
Yong-woo Kim, G. Ballard (2002)
CASE STUDY - OVERHEAD COSTS ANALYSIS
Palestinian Contractors Union (PCU)
Construction industry at Palestine
F. Shelton, M. Brugh
Indirect costs of contracts
L. Kish
Survey Sampling
Purpose – This paper aims to investigate the overhead costs of construction contractors at the Gaza Strip, Palestine, specifically the level of contractors' awareness of the concept of overhead cost, their perception of main components of overhead cost, percentage of overhead to total project cost, method used to manage and control overhead cost, and reasons for increasing overhead cost. Design/methodology/approach – In the research 40 contractors classified under the Palestinian Contractors Union (PCU) and United Nation Relief Works Agency (UNRWA) list were surveyed. Findings – The findings indicate that the majority of contractors are aware of overhead costs in construction projects. The staff wages are the highest overhead costs component. The currency exchange rates, inflation, increase in financial costs among others lead to increase in overhead costs. The findings illustrate that the overhead costs are on average 11.1 percent of the total project cost. Controlling and managing overhead costs are considered the main tools to improve the companies' financial situation. Practical implications – The trend in most companies is to adopt techniques to manage and control their cost components. Using activity based costing (ABCs) is one of the main techniques which the companies should take into consideration. The contractors' knowledge and awareness of the research finding will increase their chances of winning bids within an acceptable profit margin. Applied training courses are recommended for contractors to improve their awareness regarding the importance of overhead costs. Originality/value – This study will extend contractors' awareness and knowledge through guidance on how to gear their financial resources carefully, and how to bid correctly in order to remain competitive in the market place.
Journal of Financial Management of Property and Construction – Emerald Publishing
Published: Jun 30, 2008
Keywords: Estimation; Overhead costs; Profit; Palestine; Construction industry
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