Making Sense of Construction Improvement

Making Sense of Construction Improvement

Author: Stuart D. Green

Publisher: John Wiley & Sons

Published: 2011-04-08

Total Pages: 478

ISBN-13: 1444341081

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The book sets out deliberately to challenge the current construction improvement debate and the way in which it is conducted. It confronts the supposedly neutral nature of construction 'best practice' and demonstrates that that the advocated recipes seldom stand up to critical scrutiny. It further argues that commonly accepted components of best practice such as lean construction, partnering and collaborative working rarely live up to the claims made on their behalf. Such recipes invariably suffer from definitional vagueness, and are constantly reinterpreted to suit the needs the different audiences. Making Sense of Construction Improvement argues that construction sector improvement techniques cannot be understood in terms of their substantive content, and are best understood in terms of the rhetoric within which they are presented. The author also contends that the persuasiveness of such recipes depends upon the extent to which practitioners can adopt them for the purposes of making sense of the changes they observe happening around them. To be accepted as 'best practice' construction improvement techniques must also resonate with broader agendas of socio-technological change. The author charts how the best practice debate has developed from the aftermath of the Second World War through to the election of David Cameron's coalition government in 2010. Attention is given to the way in which the improvement debate throughout the 1960s and 70s was shaped by the broader aspirations of the post-war social consensus and the associated desire for a centrally planned economy. Attention thereafter is given to the way the construction sector was radically re-shaped by the advent of the enterprise culture. The privatisation of the sector's client base, coupled with the withdrawal of the state as a provider of mass housing, caused a significant and long-lasting shift in the construction landscape. Private sector clients similarly experienced extensive downsizing while outsourcing their procurement capabilities. Such strategies were frequently justified by mobilising the rhetoric of business process re-engineering (BPR). Contracting firms simultaneously faced unpredictable workloads and increasing market competition. In response, the sector at large chose to base their competitive advantage on leanness and agility. Hence the emergence of the hollowed-out firm as the dominant form of organising. These structural trends combined to provide the backcloth to the industry improvement agenda throughout the 1980s and 1990s. Making Sense of Construction Improvement argues that the popularity of improvement recipes such as partnering, collaborative working and integrated teams can be understood as strategies for overcoming the loss of control associated with downsizing and outsourcing. In contrast to other textbooks, Making Sense of Construction Improvement does not offer advice on how to manage construction projects more effectively; the aim is rather to understand the forces which have shaped the construction sector improvement agenda over time.


Book Synopsis Making Sense of Construction Improvement by : Stuart D. Green

Download or read book Making Sense of Construction Improvement written by Stuart D. Green and published by John Wiley & Sons. This book was released on 2011-04-08 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book sets out deliberately to challenge the current construction improvement debate and the way in which it is conducted. It confronts the supposedly neutral nature of construction 'best practice' and demonstrates that that the advocated recipes seldom stand up to critical scrutiny. It further argues that commonly accepted components of best practice such as lean construction, partnering and collaborative working rarely live up to the claims made on their behalf. Such recipes invariably suffer from definitional vagueness, and are constantly reinterpreted to suit the needs the different audiences. Making Sense of Construction Improvement argues that construction sector improvement techniques cannot be understood in terms of their substantive content, and are best understood in terms of the rhetoric within which they are presented. The author also contends that the persuasiveness of such recipes depends upon the extent to which practitioners can adopt them for the purposes of making sense of the changes they observe happening around them. To be accepted as 'best practice' construction improvement techniques must also resonate with broader agendas of socio-technological change. The author charts how the best practice debate has developed from the aftermath of the Second World War through to the election of David Cameron's coalition government in 2010. Attention is given to the way in which the improvement debate throughout the 1960s and 70s was shaped by the broader aspirations of the post-war social consensus and the associated desire for a centrally planned economy. Attention thereafter is given to the way the construction sector was radically re-shaped by the advent of the enterprise culture. The privatisation of the sector's client base, coupled with the withdrawal of the state as a provider of mass housing, caused a significant and long-lasting shift in the construction landscape. Private sector clients similarly experienced extensive downsizing while outsourcing their procurement capabilities. Such strategies were frequently justified by mobilising the rhetoric of business process re-engineering (BPR). Contracting firms simultaneously faced unpredictable workloads and increasing market competition. In response, the sector at large chose to base their competitive advantage on leanness and agility. Hence the emergence of the hollowed-out firm as the dominant form of organising. These structural trends combined to provide the backcloth to the industry improvement agenda throughout the 1980s and 1990s. Making Sense of Construction Improvement argues that the popularity of improvement recipes such as partnering, collaborative working and integrated teams can be understood as strategies for overcoming the loss of control associated with downsizing and outsourcing. In contrast to other textbooks, Making Sense of Construction Improvement does not offer advice on how to manage construction projects more effectively; the aim is rather to understand the forces which have shaped the construction sector improvement agenda over time.


Making Sense of Construction Improvement

Making Sense of Construction Improvement

Author: Stuart Green

Publisher: Taylor & Francis

Published: 2023-12-15

Total Pages: 489

ISBN-13: 1003812295

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Making Sense of Construction Improvement provides a critical evaluation of the construction improvement debate from the end of the Second World War through to the modern era. The book offers unique insights into the way the UK construction sector is continuously shaped and re-shaped in accordance with changes in the prevailing political economy. This second edition brings the book up to date by including coverage of key trends from 2010–2023. The book has been substantially revised and reworked to include new material relating to the ‘age of austerity’ and the subsequent period of political uncertainty initiated by the Brexit referendum. Changes in the political economy are positioned alongside the rise of the sustainability agenda and the advent of ‘zero carbon’. Particular attention is paid to the ongoing skills crisis and the over-hyped advocacy of modern methods of construction (MMC) as the latest supposed panacea of industry improvement. Coverage includes the Farmer (2016) report Modernise or Die and the Construction Playbook (HM Government, 2020). However, perhaps the most important addition is a focus on the Grenfell Disaster (2017) and the subsequent revelations from the public enquiry. Further intermediate milestones include Building a Safer Future (Hackitt, 2018) and the Construction Sector Deal (HM Government, 2018). The emerging consensus points towards a systemic failure involving not only the construction sector but also the entire system of regulation and compliance. Tracing the failings back over time and scrutinising the role played by previous generations of policymakers, Stuart Green ultimately argues that Grenfell was a disaster entirely foretold. The insightful and critical analysis of the industry contained within these pages is essential and timely reading for anyone who wants to understand how the construction sector arrived at where it is today, and with that knowledge, give further thought to where it might go next.


Book Synopsis Making Sense of Construction Improvement by : Stuart Green

Download or read book Making Sense of Construction Improvement written by Stuart Green and published by Taylor & Francis. This book was released on 2023-12-15 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Making Sense of Construction Improvement provides a critical evaluation of the construction improvement debate from the end of the Second World War through to the modern era. The book offers unique insights into the way the UK construction sector is continuously shaped and re-shaped in accordance with changes in the prevailing political economy. This second edition brings the book up to date by including coverage of key trends from 2010–2023. The book has been substantially revised and reworked to include new material relating to the ‘age of austerity’ and the subsequent period of political uncertainty initiated by the Brexit referendum. Changes in the political economy are positioned alongside the rise of the sustainability agenda and the advent of ‘zero carbon’. Particular attention is paid to the ongoing skills crisis and the over-hyped advocacy of modern methods of construction (MMC) as the latest supposed panacea of industry improvement. Coverage includes the Farmer (2016) report Modernise or Die and the Construction Playbook (HM Government, 2020). However, perhaps the most important addition is a focus on the Grenfell Disaster (2017) and the subsequent revelations from the public enquiry. Further intermediate milestones include Building a Safer Future (Hackitt, 2018) and the Construction Sector Deal (HM Government, 2018). The emerging consensus points towards a systemic failure involving not only the construction sector but also the entire system of regulation and compliance. Tracing the failings back over time and scrutinising the role played by previous generations of policymakers, Stuart Green ultimately argues that Grenfell was a disaster entirely foretold. The insightful and critical analysis of the industry contained within these pages is essential and timely reading for anyone who wants to understand how the construction sector arrived at where it is today, and with that knowledge, give further thought to where it might go next.


Constructability Improvement

Constructability Improvement

Author: Robert Henry Morro

Publisher:

Published: 1991

Total Pages: 130

ISBN-13:

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Book Synopsis Constructability Improvement by : Robert Henry Morro

Download or read book Constructability Improvement written by Robert Henry Morro and published by . This book was released on 1991 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Value and Waste in Lean Construction

Value and Waste in Lean Construction

Author: Fidelis A. Emuze

Publisher: Routledge

Published: 2015-11-06

Total Pages: 186

ISBN-13: 131744762X

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Non-value adding activities are otherwise known as ‘waste’ in the lean construction lexicon. The aim of this collection is to build a common understanding of the role and contribution of value-adding activities in achieving stipulated objectives and continuous improvement in construction projects, and to contrast this with waste. Although the lean approach to construction projects has been widely covered, this is the first book that explicitly provides the link between value and waste in the Architecture, Engineering and Construction (AEC) sector. This internationally researched collection seeks to create a paradigm shift, which will shape work processes and future directions for how value is conceptualized and operationalized in both the project management and business aspects of construction. The readers will gain an understanding of: The value-adding paradigm in construction How to make value-supporting decisions Waste identification and control in practice With contributions from South Africa, Brazil, Norway, and the USA, the implications of this book are globally relevant. This is essential reading for all higher level students of construction management and economics, and all professionals interested in value management.


Book Synopsis Value and Waste in Lean Construction by : Fidelis A. Emuze

Download or read book Value and Waste in Lean Construction written by Fidelis A. Emuze and published by Routledge. This book was released on 2015-11-06 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Non-value adding activities are otherwise known as ‘waste’ in the lean construction lexicon. The aim of this collection is to build a common understanding of the role and contribution of value-adding activities in achieving stipulated objectives and continuous improvement in construction projects, and to contrast this with waste. Although the lean approach to construction projects has been widely covered, this is the first book that explicitly provides the link between value and waste in the Architecture, Engineering and Construction (AEC) sector. This internationally researched collection seeks to create a paradigm shift, which will shape work processes and future directions for how value is conceptualized and operationalized in both the project management and business aspects of construction. The readers will gain an understanding of: The value-adding paradigm in construction How to make value-supporting decisions Waste identification and control in practice With contributions from South Africa, Brazil, Norway, and the USA, the implications of this book are globally relevant. This is essential reading for all higher level students of construction management and economics, and all professionals interested in value management.


Building and Construction Improvement Program Third Edition

Building and Construction Improvement Program Third Edition

Author: Gerardus Blokdyk

Publisher: 5starcooks

Published: 2018-11-25

Total Pages: 296

ISBN-13: 9780655503187

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What are your current levels and trends in key Building and Construction Improvement Program measures or indicators of product and process performance that are important to and directly serve your customers? How can we incorporate support to ensure safe and effective use of Building and Construction Improvement Program into the services that we provide? What are the disruptive Building and Construction Improvement Program technologies that enable our organization to radically change our business processes? What vendors make products that address the Building and Construction Improvement Program needs? Does the Building and Construction Improvement Program performance meet the customer's requirements? This valuable Building and Construction Improvement Program self-assessment will make you the established Building and Construction Improvement Program domain veteran by revealing just what you need to know to be fluent and ready for any Building and Construction Improvement Program challenge. How do I reduce the effort in the Building and Construction Improvement Program work to be done to get problems solved? How can I ensure that plans of action include every Building and Construction Improvement Program task and that every Building and Construction Improvement Program outcome is in place? How will I save time investigating strategic and tactical options and ensuring Building and Construction Improvement Program costs are low? How can I deliver tailored Building and Construction Improvement Program advice instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Building and Construction Improvement Program essentials are covered, from every angle: the Building and Construction Improvement Program self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Building and Construction Improvement Program outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Building and Construction Improvement Program practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Building and Construction Improvement Program are maximized with professional results. Your purchase includes access details to the Building and Construction Improvement Program self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book. You will receive the following contents with New and Updated specific criteria: - The latest quick edition of the book in PDF - The latest complete edition of the book in PDF, which criteria correspond to the criteria in... - The Self-Assessment Excel Dashboard, and... - Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation ...plus an extra, special, resource that helps you with project managing. INCLUDES LIFETIME SELF ASSESSMENT UPDATES Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.


Book Synopsis Building and Construction Improvement Program Third Edition by : Gerardus Blokdyk

Download or read book Building and Construction Improvement Program Third Edition written by Gerardus Blokdyk and published by 5starcooks. This book was released on 2018-11-25 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are your current levels and trends in key Building and Construction Improvement Program measures or indicators of product and process performance that are important to and directly serve your customers? How can we incorporate support to ensure safe and effective use of Building and Construction Improvement Program into the services that we provide? What are the disruptive Building and Construction Improvement Program technologies that enable our organization to radically change our business processes? What vendors make products that address the Building and Construction Improvement Program needs? Does the Building and Construction Improvement Program performance meet the customer's requirements? This valuable Building and Construction Improvement Program self-assessment will make you the established Building and Construction Improvement Program domain veteran by revealing just what you need to know to be fluent and ready for any Building and Construction Improvement Program challenge. How do I reduce the effort in the Building and Construction Improvement Program work to be done to get problems solved? How can I ensure that plans of action include every Building and Construction Improvement Program task and that every Building and Construction Improvement Program outcome is in place? How will I save time investigating strategic and tactical options and ensuring Building and Construction Improvement Program costs are low? How can I deliver tailored Building and Construction Improvement Program advice instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Building and Construction Improvement Program essentials are covered, from every angle: the Building and Construction Improvement Program self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Building and Construction Improvement Program outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Building and Construction Improvement Program practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Building and Construction Improvement Program are maximized with professional results. Your purchase includes access details to the Building and Construction Improvement Program self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book. You will receive the following contents with New and Updated specific criteria: - The latest quick edition of the book in PDF - The latest complete edition of the book in PDF, which criteria correspond to the criteria in... - The Self-Assessment Excel Dashboard, and... - Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation ...plus an extra, special, resource that helps you with project managing. INCLUDES LIFETIME SELF ASSESSMENT UPDATES Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.


Empowerment in Construction

Empowerment in Construction

Author: Lenin Jawahar Nesan

Publisher:

Published: 1999

Total Pages: 0

ISBN-13: 9780863802454

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"Empowerment in Construction covers techniques and practical steps in applying the empowerment concept, manufacturing initiatives and new production technologies to the construction sector. Numerous practical examples of process improvement and problem solving are described."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved


Book Synopsis Empowerment in Construction by : Lenin Jawahar Nesan

Download or read book Empowerment in Construction written by Lenin Jawahar Nesan and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Empowerment in Construction covers techniques and practical steps in applying the empowerment concept, manufacturing initiatives and new production technologies to the construction sector. Numerous practical examples of process improvement and problem solving are described."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved


Making Sense of Innovation in the Built Environment

Making Sense of Innovation in the Built Environment

Author: Natalya Sergeeva

Publisher: Routledge

Published: 2018-12-18

Total Pages: 152

ISBN-13: 1351117327

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This book offers a new understanding of innovation in the built environment. The ways meaning of innovation is constructed has important implications for policymakers, project managers, academics and students. Through a longitudinal research study into innovation in firms and projects, the book addresses some key themes, challenges and concerns that practitioners face when managing innovation in the built environment. It examines the key drivers for innovation in the construction, engineering and infrastructure firms and projects. In particular, the questions of how and why innovation becomes recognised and sustained over time are explored. Different theoretical perspectives are considered to explain different aspects of innovation. This includes sensemaking, organisational and individual identity, storytelling and narration. The book has practical implications for how organisational activities become labelled as ‘innovation’ and for what purpose. It shares some lived stories of innovation as mobilised by practising managers. The connectivity between the formal narratives of innovation at the policy level and the lived narratives of innovation articulated by practitioners is explored. Combining the theory with practice, this book presents an insightful view on the implications of innovation in the business world today.


Book Synopsis Making Sense of Innovation in the Built Environment by : Natalya Sergeeva

Download or read book Making Sense of Innovation in the Built Environment written by Natalya Sergeeva and published by Routledge. This book was released on 2018-12-18 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a new understanding of innovation in the built environment. The ways meaning of innovation is constructed has important implications for policymakers, project managers, academics and students. Through a longitudinal research study into innovation in firms and projects, the book addresses some key themes, challenges and concerns that practitioners face when managing innovation in the built environment. It examines the key drivers for innovation in the construction, engineering and infrastructure firms and projects. In particular, the questions of how and why innovation becomes recognised and sustained over time are explored. Different theoretical perspectives are considered to explain different aspects of innovation. This includes sensemaking, organisational and individual identity, storytelling and narration. The book has practical implications for how organisational activities become labelled as ‘innovation’ and for what purpose. It shares some lived stories of innovation as mobilised by practising managers. The connectivity between the formal narratives of innovation at the policy level and the lived narratives of innovation articulated by practitioners is explored. Combining the theory with practice, this book presents an insightful view on the implications of innovation in the business world today.


Construction Innovation

Construction Innovation

Author: Finn Orstavik

Publisher: John Wiley & Sons

Published: 2015-04-20

Total Pages: 224

ISBN-13: 1118655532

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Construction innovation is an important but contested concept, both in industry practice and academic reflection and research. A fundamental reason for this is the nature of the construction industry itself: the industry and the value creation activities taking place there are multi-disciplinary, heterogeneous, distributed and often fragmented. This book takes a new approach to construction innovation, revealing different perspectives, set in a broader context. It coalesces multiple theoretical and practice-based views in order to stimulate reflection and to prepare the ground for further synthesis. By being clear, cogent and unambiguous on the most basic definitions, it can mobilise a plurality of perspectives on innovation to promote fresh thinking on how it can be studied, enabled, measured, and propagated across the industry. This book does not gloss over the real-life complexity of construction innovation. Instead, its authors look explicitly at the challenges that conceptual issues entail and by making their own position clear, they open up fresh intellectual space for reflection. Construction Innovation examines innovation from different positions and through different conceptual lenses to reveal the richness that the theoretical perspectives offer to our understanding of the way that the construction sector actors innovate at both project and organizational levels. The editors have brought together here leading scholars to deconstruct the concept of innovation and to discuss the merits of different perspectives, their commonalities and their diversity. The result is an invaluable sourcebook for those studying and leading innovation in the design, the building and the maintenance of our built environment.


Book Synopsis Construction Innovation by : Finn Orstavik

Download or read book Construction Innovation written by Finn Orstavik and published by John Wiley & Sons. This book was released on 2015-04-20 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Construction innovation is an important but contested concept, both in industry practice and academic reflection and research. A fundamental reason for this is the nature of the construction industry itself: the industry and the value creation activities taking place there are multi-disciplinary, heterogeneous, distributed and often fragmented. This book takes a new approach to construction innovation, revealing different perspectives, set in a broader context. It coalesces multiple theoretical and practice-based views in order to stimulate reflection and to prepare the ground for further synthesis. By being clear, cogent and unambiguous on the most basic definitions, it can mobilise a plurality of perspectives on innovation to promote fresh thinking on how it can be studied, enabled, measured, and propagated across the industry. This book does not gloss over the real-life complexity of construction innovation. Instead, its authors look explicitly at the challenges that conceptual issues entail and by making their own position clear, they open up fresh intellectual space for reflection. Construction Innovation examines innovation from different positions and through different conceptual lenses to reveal the richness that the theoretical perspectives offer to our understanding of the way that the construction sector actors innovate at both project and organizational levels. The editors have brought together here leading scholars to deconstruct the concept of innovation and to discuss the merits of different perspectives, their commonalities and their diversity. The result is an invaluable sourcebook for those studying and leading innovation in the design, the building and the maintenance of our built environment.


Risk Pricing Strategies for Public-Private Partnership Projects

Risk Pricing Strategies for Public-Private Partnership Projects

Author: Abdelhalim Boussabaine

Publisher: John Wiley & Sons

Published: 2013-10-10

Total Pages: 293

ISBN-13: 1118785762

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Risk Pricing Strategies for Public-Private Partnership Projects Innovation in the Built Environment The complexity of public–private partnership (PPP) project procurement requires an effective process for pricing, managing and appropriate allocation of risks. The level at which risk is priced and the magnitude of risks transferred to the private sector will have a significant impact on the cost of the PPP deals as well as on the value for money analysis and on the selection of the optimum investment options. The construction industry tends to concentrate on the effectiveness of risk management strategies and to some extent ignores the price of risk and its impact on whole life cost of building assets. There is a pressing need for a universal framework for the determination of fair value of risks throughout the PPP procurement processes. Risk Pricing Strategies for Public–Private Partnership Projects addresses the issues of risk pricing and demonstrates the use of a coherent strategy to arrive at a fair risk price. The focus of the book is on providing risk pricing strategies to maximise return on risk retention and allocation in the procurement of PPP projects. With its up-to-date coverage of the latest developments in risk pricing, and comprehensive treatment of the methodologies involved in designing and building risk pricing strategies, the book offers a simple model for pricing risks. The book follows a thematic structure: PPP processes map; risk, uncertainty and bias; risk pricing management strategies; risk pricing measurement and modelling; risk pricing at each of the project life-cycle stages – and deals with all the important risk pricing issues, using relevant real-world situations through case study examples. It explains how the theory and strategies of risk pricing can be successfully applied to real PPP projects and reflects the broad understanding required by today’s project risk analysts, in their new and important role in PPP contract management. Also in the IBE series Managing Change in Construction Projects Senaratne & Sexton 978 14443 3515 6 Innovation in Small Professional Practices in the Built Environment Lu & Sexton 978 14051 9140 1 Other books of interest Urban Infrastructure: Finance and Management Wellman & Spiller 978 0 470 65635 8 Project Finance for Construction and Infrastructure Pretorius, Chung-Hsu, McInnes, Lejot & Arner Construction Supply Chain Management Pryke 978 14051 5844 2 Policy, Finance & Management for Public-Private Partnerships Edited by Akintoye & Beck 978 14051 7791 7 Strategic Issues in Public-Private Partnerships, 2nd Edition Dewulf, Blanken & Bult-Spiering 978 0 470 65635 8


Book Synopsis Risk Pricing Strategies for Public-Private Partnership Projects by : Abdelhalim Boussabaine

Download or read book Risk Pricing Strategies for Public-Private Partnership Projects written by Abdelhalim Boussabaine and published by John Wiley & Sons. This book was released on 2013-10-10 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk Pricing Strategies for Public-Private Partnership Projects Innovation in the Built Environment The complexity of public–private partnership (PPP) project procurement requires an effective process for pricing, managing and appropriate allocation of risks. The level at which risk is priced and the magnitude of risks transferred to the private sector will have a significant impact on the cost of the PPP deals as well as on the value for money analysis and on the selection of the optimum investment options. The construction industry tends to concentrate on the effectiveness of risk management strategies and to some extent ignores the price of risk and its impact on whole life cost of building assets. There is a pressing need for a universal framework for the determination of fair value of risks throughout the PPP procurement processes. Risk Pricing Strategies for Public–Private Partnership Projects addresses the issues of risk pricing and demonstrates the use of a coherent strategy to arrive at a fair risk price. The focus of the book is on providing risk pricing strategies to maximise return on risk retention and allocation in the procurement of PPP projects. With its up-to-date coverage of the latest developments in risk pricing, and comprehensive treatment of the methodologies involved in designing and building risk pricing strategies, the book offers a simple model for pricing risks. The book follows a thematic structure: PPP processes map; risk, uncertainty and bias; risk pricing management strategies; risk pricing measurement and modelling; risk pricing at each of the project life-cycle stages – and deals with all the important risk pricing issues, using relevant real-world situations through case study examples. It explains how the theory and strategies of risk pricing can be successfully applied to real PPP projects and reflects the broad understanding required by today’s project risk analysts, in their new and important role in PPP contract management. Also in the IBE series Managing Change in Construction Projects Senaratne & Sexton 978 14443 3515 6 Innovation in Small Professional Practices in the Built Environment Lu & Sexton 978 14051 9140 1 Other books of interest Urban Infrastructure: Finance and Management Wellman & Spiller 978 0 470 65635 8 Project Finance for Construction and Infrastructure Pretorius, Chung-Hsu, McInnes, Lejot & Arner Construction Supply Chain Management Pryke 978 14051 5844 2 Policy, Finance & Management for Public-Private Partnerships Edited by Akintoye & Beck 978 14051 7791 7 Strategic Issues in Public-Private Partnerships, 2nd Edition Dewulf, Blanken & Bult-Spiering 978 0 470 65635 8


Describing Construction

Describing Construction

Author: Rick Best

Publisher: Taylor & Francis

Published: 2022-09-16

Total Pages: 317

ISBN-13: 1000648117

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This third book from editors Rick Best and Jim Meikle brings together and presents insights into a number of key concepts in the study of construction firms, projects and the group of activities that loosely define the construction industry. The value for readers comes from the collection of a variety of topics in a single volume, which provide a basic understanding of the complexities of construction as more than a set of practical concerns such as labour management and materials handling. Instead, the focus is on analysis of the industry and its component parts from the viewpoints of construction economists and others seeking to understand the drivers and challenges that shape an area of economic activity that is a major contributor in all economies. The aim of this book is to provide an overview and discussion of several aspects of what makes construction tick. It is unlike other industry sectors in many ways, being project-based with often intense competition for work. Where the first book, Measuring Construction, focused on particular areas associated with quantifying various aspects of construction activity and the second, Accounting for Construction, looked more at how we record and report on construction activity, Describing Construction gives readers the views of experts in the field of how the construction industry is described, what its make-up is, it even asks the question: is construction a single industry? This book will change the way most readers understand the ‘construction industry’, whatever that may be, not from the point of view of visible on-site activities, but through a scientific approach to analysis and understanding of how projects, firms and various sectors of the industry work and how things are changing and may continue to change in future. It is essential reading for students and researchers in construction management, quantity surveying, architecture and engineering.


Book Synopsis Describing Construction by : Rick Best

Download or read book Describing Construction written by Rick Best and published by Taylor & Francis. This book was released on 2022-09-16 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: This third book from editors Rick Best and Jim Meikle brings together and presents insights into a number of key concepts in the study of construction firms, projects and the group of activities that loosely define the construction industry. The value for readers comes from the collection of a variety of topics in a single volume, which provide a basic understanding of the complexities of construction as more than a set of practical concerns such as labour management and materials handling. Instead, the focus is on analysis of the industry and its component parts from the viewpoints of construction economists and others seeking to understand the drivers and challenges that shape an area of economic activity that is a major contributor in all economies. The aim of this book is to provide an overview and discussion of several aspects of what makes construction tick. It is unlike other industry sectors in many ways, being project-based with often intense competition for work. Where the first book, Measuring Construction, focused on particular areas associated with quantifying various aspects of construction activity and the second, Accounting for Construction, looked more at how we record and report on construction activity, Describing Construction gives readers the views of experts in the field of how the construction industry is described, what its make-up is, it even asks the question: is construction a single industry? This book will change the way most readers understand the ‘construction industry’, whatever that may be, not from the point of view of visible on-site activities, but through a scientific approach to analysis and understanding of how projects, firms and various sectors of the industry work and how things are changing and may continue to change in future. It is essential reading for students and researchers in construction management, quantity surveying, architecture and engineering.