Prices, Output and Productivity
Edited by Jim Meikle, Rick Best
Routledge – 2014 – 352 pages
Despite the complexity of the construction industry, there has been little study to date which focuses on the challenge of drawing accurate conclusions from the available data. The accuracy of industry reports has an impact on government policy, the direction and outcomes of research, and the practices of construction firms, so confusion in this area can have far reaching consequences.
In response to this, Measuring Construction evaluates fundamental economic theories and concepts with respect to the construction industry, and explains how to avoid pitfalls by looking at real life examples. Drawing on current research carried out specifically for this study, the contributors tackle:
The scope of the book is fully international, examining data and publications from four continents, and tackling head on the difficulties arising from international comparisons. By addressing problems that arise everywhere from individual project documentation, right up to national industrial accounts, this much-needed book can have an impact at every level of the industry. Essential reading for postgraduate construction students and researchers, students of industrial economics, construction economists, and policy-makers.
1. Editors’ Introduction Part 1: Construction Prices 2. Theory and Construction Prices (Goran Runeson) 3. The International Comparison Program and Purchasing Power Parities for Construction (Rick Best, Jim Meikle and Ken Walsh) 4. Cost and Price Indices for Construction (Graham Ive and Marco Yu) Part 2: Construction Output 5. Construction and the Economy (Stephen Gruneberg and Jim Meikle) 6. Internationalization of the Construction Industry (Wilson Lu and Huan Yang) 7. Performance Measures (Craig Langston) 8. Refining the citiBLOC Index (Craig Langston) Part 3: Construction Productivity 9. Theory and Construction Productivity (Malcolm Abbott and Gerard de Valence) 10. Measuring Construction Productivity Using Price Data (Rick Best and Ken Walsh) 11. Construction Productivity and Neural Networks (Ali Najafi and Robert Tiong) 12. Data Envelopment Analysis and Construction Productivity (Malcolm Abbott) 13. Reflections on Construction Prices, Output and Productivity (Rick Best and Jim Meikle)
Rick Best is deputy director of the Institute for Sustainable Development and Architecture, and also director of the Centre for Comparative Construction Research, both at Bond University,
Jim Meikle is a retired director of Davis Langdon. He is an Adjunct Professor at Bond University and a Visiting Professor at the Bartlett School at UCL. He is currently engaged in/has recently completed consultancy work for various international bodies including Eurostat, the World Bank, the African Development Bank and the Singapore Building and Construction Authority. These consultancies include construction cost comparisons, productivity assessment and the measurement of informal construction in developing countries.