...Construction Management and Economics (May 2004) 22, 347–356 The development of the construction legal system in China LAM YOW THIM and CHEN ZONGGUI School of Civil and Environmental Engineering, Nanyang Technological University, Singapore Received 2 December 2002; accepted 29 May 2003 China has been developing at an amazing speed since it carried out reform and open-door policy in 1978. Construction industry is playing a leading role in the rapid Chinese economic development. At the same time, China has also worked hard to encourage overseas investors to expand their investment in the construction industry. With its development over the years, China has established a legal system for governing construction activities. To participate in such a major market in the world, it is important to understand the legal system governing it and the impact of China’s joining the World Trade Organization. The Chinese construction laws and practice are still very different from the international norm. If foreign participants are to make a success out of doing business in China, they must understand the Chinese way of life. Particularly, they must prepare to adapt to an environment where new rules are created as circumstances and situations change. Keywords: Construction laws, legal system, construction industry, China, foreign investment, foreign designers and contractors, World Trade Organization (WTO) Introduction China has been developing at an amazing speed since it carried out...
Words: 6661 - Pages: 27
...cost based theory of Construction procurement and evaluate its potential as a practical tool in the Selection of procurement systems Abstract This term paper will provide comprehensive reviews on the entire literature involving transaction cost economics (TCE) in construction procurement. It will also critically describe the transaction cost based theory of construction procurement and also give an evaluation of its potential as a critical tool in the selection of procurement systems. The paper will also explore how TCE has emerged from most economic roots to examine empirical phenomena in construction procurement. TCE has been increasingly applied not only to business-related fields such as finance, accounting, organizational theory and marketing but also to the construction industry. Most construction industries have recently moved to practice innovative working techniques that will involve great collaboration and interrelationships that has been in the past. While these benefits such as collaborative and improved ways of working are discussed, but so little is evident about their cost. Hence there proves to be a diverse evidence showing the cost of procurement and more competitive and traditional practices. The purpose of this term paper is to try and examine the transaction based theory of procurement that is used in construction industry. Introduction Ever since it emerged in the early 1970s (Williamson 1971) the new institutional economics Has attracted intense...
Words: 3143 - Pages: 13
...Pakistani Construction Industry – Current Performance and the Way Forward Rizwan U. Farooqui and Syed M. Ahmed Department of Construction Management, Florida International University, Miami, Florida, USA Sarosh H. Lodi, Professor and Chairman, Department of Civil Engineering, N.E.D. University of Engineering and Technology, Karachi, Pakistan The Pakistani Construction Industry has always been of economic and social significance to the country. In contrast to the prospective share of Pakistani construction in the local and global economic market, conversely, the development of the sector has not been at par with the market demands. With the recent rapid economic growth of the country, Pakistan now offers a growing market for the construction industry. The Government of Pakistan has responded to this opportunity by planning extensive infrastructure expansion programs. All of these programs have the potential to lead the local Industry to establish respect, status and international recognition when the appropriate efforts are extended to achieve the same. Even with the opportunity for growth the challenges will be extensive. This research presents the current state of performance of Pakistani Construction Industry and provides directions for strategic improvement of the construction industry on a sustainable basis. Major findings of the research include: a cultural and behavioral shift in the mind-set of all participants in the construction process especially top management is necessary...
Words: 9194 - Pages: 37
...an Industry: What is the size and scope of the Australian Building and Construction Industry? By Gerard de Valence DEFINING AN INDUSTRY: WHAT IS THE SIZE AND SCOPE OF THE AUSTRALIAN BUILDING AND CONSTRUCTION INDUSTRY? Gerard de Valence Construction Economics, Faculty of Design, Architecture and Building, University of Technology, Sydney, Australia Introduction The traditional structure-conductperformance approach to industry economics originated in the US in the 1930s with the work of Mason (1939) and Bain (1959). This is now the standard framework for analysing the dynamics of an industry. However, the size and scope of the Australian construction industry at the turn of the millennium may be better understood using an alternative model that highlights the diversity of the industry and the range of actors involved. Industry analysis has traditionally focused on groups of firms with similar characteristics in their production processes, goods or services produced, and markets served in the wider economy. The distinction has been between firms and industries, and the analysis has emphasised the importance of economies of scale and scope (Sutton 1991) or organisational structure (Williamson 1979). One major difficulty in the standard structure-conduct-performance approach has been the definition of industries within the theoretical criteria of product homogeneity. Further, some analysts see the construction industry as a manufacturing system, similar to the automotive industry...
Words: 6294 - Pages: 26
...Course Evaluation & Exams | Msc Construction Project Management | Admission into the Masters of Science programme can be obtained through: (a) Candidates with B. Sc or B. Tech. (Building) with a minimum of second class lower or GPA not less than 2.50 (on a 5-point scale) (b) HND Building plus PGD (with upper credit) from any recognized university Duration and Mode of Study. The programme is a full time programme which runs for a minimum of 18 months. The mode of study for the programme is through a comprehensive course work to be examined in both oral and written papers, seminars and other necessary work to be contained in a submitted thesis. Employment Opportunities Graduate of the programme will have further relevance in the following areas: (a) Public sector, government ministries, parastatals and research institutes (b) Private sector employments and related industries, oil and gas, power and steel, telecommunications. COURSE CODE | COURSE TITLE | UNIT | BD 701 | Construction Plants and Equipments | 2 | BD 703 | Construction Planning and Contract Practice | 2 | BD 705 | Construction Finance | 2 | BD 707 | Research Methodology | 2 | BD 709 | Project Feasibility Analysis/Studies | 2 | BD 711 | Construction Management Process | 2 | BD 797 | Research Project I | 2 | | Plus One Elective | 2 | | Total | 16 | BD 701 Construction Plants and Equipment (2 units) Selection of plant and equipment for construction work. Factors affecting the selection...
Words: 1384 - Pages: 6
...Title: Economics of Reuse of Construction and Demolition Waste: A practical Approach Abstract Construction material waste seems to have caused serious environmental problems in many large cities around the world over the past few years. As pressure for environmentally-friendly building practices increases, companies are discovering that ultimately 'going green' often promotes cost effectiveness and enhances the quality of life. The idea of ‘reuse’ and ‘recycle’ of many construction materials is a smart decision for all builders whether they are interested in environmentally-friendly building or not. At baseline, the research project will adopt three aims: 1) to examine the current issue with waste minimisation, cost implication by effectively management; 2) to investigate the economic analysis of reuse and recycling of construction and demolition waste; 3) to explore various construction materials that can be effectively reused and recycled. In order to achieve the above research aims, the following objectives are set: * To determine the importance of cost reduction techniques for reuse of construction and demolition waste * To investigate whether or not the economics of construction recycled materials can be justified throughout construction activity lifecycle. * To investigate the economic impact of reuse and recycling construction materials on major projects * To develop propose unique theoretical models on decision-making for reuse of construction and demolition...
Words: 280 - Pages: 2
...JoanneResearch Paper2010-08-16 | Project management in China Abstract: Project management in China is a new idea. The Chinese website called “Baidu”, defines project management as the application of knowledge, skills, tools and techniques to project activities in order to meet or exceed stakeholder needs and expectations for a defined project. China is undergoing a fast development period; the economic growth and improvement of the degree of industrialization has accelerated the rapid growth of the construction industry. As the construction industry began to develop rapidly, the characteristics of modern construction projects changed entirely. The scale of construction became larger, composition became more complex, the relationship with the environment became central, and the risk of projects increased rapidly. This paper discusses the current situation concerning the use of project management in China. With the data collected from the previous theses, this study further discusses the deficiency of project management in China and suggests possible solutions. This study aims to contribute to the development of project management in order that it can keep up with the pace of construction industry’s development. 中国的项目管理 摘要：项目管理在中国是一个新的领域。中国的网站“百度”表明项目管理是为了满足和超越利益相关者在某个特定项目上的需求和期望而在项目活动上对知识，技能，工具和技术的一种充分利用。中国正在经历一个快速发展的时期；经济的增长和工业化程度的提高，促进了建筑业的快速增长。由于建筑业开始迅速发展，现代工程建设项目的特点也完全改变了。建设规模越来越大，结构变得越来越复杂，与环境的关系越来越密切，同时项目的风险也迅速增加了。本文探讨了项目管理在中国的应用现状。结合以前的论文收集的数据，本研究进一步探讨了中国的项目管理的不足，并提出了可行的解决方案。本研究旨在为使项目管理可以跟上建筑业的发展作一点贡献。 ...
Words: 1587 - Pages: 7
...7 1.6. LIMITATION OF THE STUDY 7 CHAPTER TWO 8 2. REVIEW OF LITRATURE 8 2.1.MATERIALS MANAGEMENT 8 2.2. OBJECTIVES OF MATERIALS MANAGEMENT 9 2.3. PRICE DETERMINATION 10 2.4. INFLATION 13 2.5. HOUSING THE POOR 13 2.6. Integrated Housing development program 17 2.7. Hawassa city housing development project office 19 2.8. Different type of houses and price of transferring 20 CHAPTER THREE 21 3. DATA PRESENTATION, ANALYSIS AND INTERPRETATION 21 3.1. Beneficiary (dwellers) characteristics (sample population) 21 3.2.1. TYPE OF HOUSES ASSIGNED FOR BENEFICIARY IN THE SAMPLE…. 25 3.2.2. DWELLERS WILLINGNESS TO BUY HOUSES 26 3.2.3. PRICE OF HOUSES AND THE FACTORS THAT AFFECTS THE PRICE OF HOUSES ………………………………………………………………………………...26 3.2.4.CONSTRUCTION MATERRIALS AND THE MARKET PRIC………………..27 3.2.5.GENERAL OPINION OF DWELLERS 28 3.2.6. PRICE OF CONSTRUCTION MATERIALS AND BENEFICIARY OPINION.29 CHAPTER FOUR 33 4. CONCLUSION AND RECOMMENDATION 33 4.1. CONCLUSION 33 4.2 RECOMMENDATION --------------------------------------------------------------------- 34 Bibliography………………………………………………………………. 36 Appendix I …………………………………………………………… 37 Appendix II ………………………………………………………… 38 CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Ethiopian urban centers face a number of socio-economic problems. Unemployment, poverty, weak economic base, growing housing problem and slum dwelling with a weak...
Words: 7876 - Pages: 32
...MAPÚA INSTITUTE OF TECHNOLOGY School of Industrial Engineering & Engineering Management ------------------------------------------------- A Strategic Management Paper for Asian Technicon Managers And Consultants Inc. Submitted by: As partial fulfilment of the requirements of EMG166 – A1 Strategic Planning and Management 2th Quarter SY 2014 – 2015 Executive Summary TABLE OF CONTENTS LIST OF TABLES & FIGURES I. Introduction Asian Technicon Managers and Consultants, Inc. (ATMCI) was organized and incorporated in 1989. ATMCI is envisioned to be an answer to the call of the construction industry for an independent professional team that will act as the orchestrator among project participants: Owner/Developer, Designers, Specialist Consultants, Constructors and Suppliers, with ATMCI providing leadership of a project. With years of working together as the nucleus of the Project Management Team of one of the top corporations in the Philippines, with domestic and overseas operations, the Member of the Team formed a strong group that gave birth to Asian Technicon Managers and Consultants, Inc. Asian Technicon Managers and Consultants, Inc.(ATMCI) was currently one of the top 100 companies in the construction management industry. Services that they offer are the Total Project Management Services such as Project Initiation and Planning, Design and Specifications Coordination, Budget Estimates and Cost Planning, Procedures and Systems, Planning...
Words: 3223 - Pages: 13
...Construction Market and Construction Firms in China: Strengths, Weaknesses and Development Trajectory Vishnu Sridharan Working Paper #0033 September 24, 2007 | Collaboratory for Research on Global Projects The Collaboratory for Research on Global Projects at Stanford University is a multidisciplinary center that supports research, education and industry outreach to improve the sustainability of large infrastructure investment projects that involve participants from multiple institutional backgrounds. Its studies have examined public-private partnerships, infrastructure investment funds, stakeholder mapping and engagement strategies, comparative forms of project governance, and social, political, and institutional risk management. The Collaboratory, established in September 2002, also supports a global network of scholars and practitioners—based on five continents—with expertise in a broad range of academic disciplines and in the power, transportation, water, telecommunications and natural resource sectors. Collaboratory for Research on Global Projects Yang & Yamazaki Energy & Environment (Y2E2) Bldg 473 Via Ortega, Suite 242 Stanford, CA 94305-4020 http://crgp.stanford.edu 2 About the Author Vishnu Sridharan is a third year student at Stanford Law School. After graduating from Magna Cum Laude from Columbia College in 2004, he spent two years as a Peace Corps Volunteer in El Salvador, focusing his efforts on increasing municipal transparency and facilitating...
Words: 10450 - Pages: 42
...CRAWFORD UNIVERSITY, IGBESA, OGUN STATE PGD ACCOUNTING ECONOMIC EVALUATION OF INVESTMENT “A SYSTEM FOR BUILDING CONSTRUCTION PROJECTS IN THE CONCEPTUAL PHASE” BY ADENUGA OLUFEMI SOLOMON MATRIC NO: PG14/05/005 JUNE 2015 ECONOMIC EVALUATION OF INVESTMEST “A SYSTEM FOR BUILDING CONSTRUCTION PROJECTS IN THE CONCEPUTAL PHASE” ABSTRACT The conceptual phase of capital projects is of strategic importance – an economic evaluation at this early stage is critical to the owners’ decision-making with limited information. The current study developed a comprehensive but practical system that can be used in such an early phase for economic evaluation of capital building construction projects. The system integrates four analytical steps: (i) Project planning, (ii) Construction costs estimation, (iii) Projection of incomes and expenditures and; (iv) Economic evaluation. Due to the integration, the system effectively manages the information flow from the planning to the evaluation, in which any changes from the initial plan are fully accounted for multiple alternates. In the system, users predict construction cost using a combined estimating method with historical project data and assembly costs. The system performs the tabulation of all incomes and expenditures based on the automated calculation as well as users’ inputs and then the economic evaluation based on project cash flow, which is generated using an automated scheduling method. System performance has been...
Words: 3364 - Pages: 14
...Journal of Sustainable Development November, 2009 Green Road Approach in Rural Road Construction for the Sustainable Development of Nepal Abhiman Das Mulmi Department of Roads Ministry of Physical Planning and Works, Government of Nepal Babarmahal, Kathmandu, India Tel: 977-01-980-3483-776 Abstract Transport infrastructure provides a basis for economic activities in the rural areas in the long term. But the environment consequences cannot be neglected only foreseeing long term economic benefit. Difficult topography and unstable geology make the road construction difficult in the rural hills of Nepal. Beside, the predominantly absolute poverty in the region realizes the essence of the appropriate approach in the rural road construction. With its approach of constructing rural roads considering environment and rural poverty alleviation measures, Green road approach is proving to be a sustainable way of constructing rural roads. Environment friendly construction techniques, participatory and decentralization approach, optimum utilization of local resources, simple technology, local capacity building and self help efforts justified Green road approach as a best way of constructing rural roads in hill districts of Nepal. The study analyze the different aspects of green roads in Nepal on the basis of the basic themes define in the dictionary of the sustainable development. Keywords: Sustainable, Environment, Participatory, Green roads, Poverty alleviation 1. Introduction Nepal...
Words: 8337 - Pages: 34
...Available online at www.sciencedirect.com International Journal of Project Management 30 (2012) 479 – 489 www.elsevier.com/locate/ijproman Analysing factors affecting delays in Indian construction projects Hemanta Doloi a,⁎, Anil Sawhney b , K.C. Iyer b , Sameer Rentala a b c c Faculty of Architecture, Building and Planning, The University of Melbourne, Victoria 3010, Australia Dept. of Civil Engineering, Indian Institute of Technology, Delhi, Hauz Khas, New Delhi 110016, India Construction Technology & Management, Dept. of Civil Engineering, Indian Institute of Technology, Delhi, Hauz Khas, New Delhi 110016, India Received 5 January 2011; received in revised form 12 October 2011; accepted 20 October 2011 Abstract Construction projects in India are experiencing widespread delays. Due to a dramatic shift in the capacity and volume of the Indian construction sector over the last decade, the need of a systematic analysis of the reasons of delays and developing a clear understanding among the industry professionals are highly crucial. Using a selected set of 45 attributes, this research first identified the key factors impacting delay in Indian construction industry and then established the relationship between the critical attributes for developing prediction models for assessing the impacts of these factors on delay. A questionnaire and personal interviews have formed the basis of this research. Factor analysis and regression modelling were used to examine the significance...
Words: 9788 - Pages: 40
...Iranian Journal of Management Studies (IJMS) Vol.6, No.1, January 2013 pp: 77-97 Glass Ceiling and Women Career Advancement: Evidence from Nigerian Construction Industry Obamiro John Kolade1*, Obasan Kehinde2 1. Department of Business Studies,Covenant University, Ota,Ogun State, Nigeria 2. Department of Business Administration,Olabisi Onabanjo University, Ago-Iwoye Ogun State, Nigeria (Received: 9 December 2011; Revised: 19 February 2012; Accepted: 26 February 2012) Abstract Despite the fact that women possess the required knowledge, skills, competencies, training and experiences to perform effectively and efficiently in construction industry, they experience entry and career advancement barriers. This research examines the effects of glass ceiling syndrome on women career advancement in construction industry. Data were obtained through structured questionnaire distributed to workers of selected construction companies. The findings reveal that some of the barriers mentioned in the literature against women career advancement in construction are prevalent in Nigeria, except the existence of equality in respect of male and female in terms of employment and career development opportunity. Also, low women participation in Nigerian construction industry begins in choosing course, education and continues throughout recruitment process. The aim is to encourage women's participation in construction industry and employers to tackle the industry‟s environmental issues by introducing flexible...
Words: 6143 - Pages: 25
...Construction skills development in the UK: transitioning between the formal and informal Paul W Chan Northumbria University, Newcastle upon Tyne, UK paul.chan@unn.ac.uk ROBERT C MOEHLER Northumbria University, Newcastle upon Tyne, UK robert.moehler@unn.ac.uk RESEARCH REPORTED HERE IS PART OF A WIDER STUDY THAT SEEKS TO EXAMINE THE PRACTICES INVOLVED IN ENCOURAGING AND ENABLING EMPLOYERS TO ENGAGE WITH THE SKILLS DEVELOPMENT AGENDA. A SERIES OF EXPLORATORY INTERVIEWS AND ETHNOGRAPHIC OBSERVATIONS REVEAL POTENTIAL DISCONNECTIONS BETWEEN SKILLS POLICIES AT THE GOVERNMENTAL LEVEL AND WHAT ACTUALLY HAPPENS IN EMPLOYER PRACTICES REGARDING SKILLS DEVELOPMENT. ON THE ONE HAND, THE FORMAL EDUCATION AND TRAINING SYSTEM FOCUSES ON SUCH TARGETS AS THE ATTAINMENT OF NARROWLY-DEFINED OCCUPATIONAL STANDARDS, LEVELS OF COMPETENCE, AND QUANTITATIVE PERFORMANCE MEASURES LIKE COMPLETION RATES. ON THE OTHER HAND, THE SOCIALISED CONCEPT OF SKILLS DEVELOPMENT TAKES PLACE INFORMALLY AT THE WORKPLACE THROUGH ON-THE-JOB TRAINING AND MENTORING RELATIONSHIPS BETWEEN SENIOR AND JUNIOR EMPLOYEES. BOTH THE FORMAL AND INFORMAL SYSTEMS APPEAR TO CO-EXIST ALONGSIDE EACH OTHER, ALTHOUGH TENSIONS ARE MOUNTING IN TERMS OF CONFIDENCE THAT EMPLOYERS AND THE WIDER INDUSTRY PLACE ON THE EFFICACY OF THE FORMAL SYSTEM. Keywords: informality, skills development practices, skills policy, training and education. INTRODUCTION The UK construction industry faces an enduring problem of skills shortages...
Words: 4789 - Pages: 20
