Value is a function of risk and return. Every decision either increases, preserves, or erodes value (COSO, 2004). Given that risk is integral to the pursuit of value, strategic-minded enterprises do not strive to eliminate ...

Possessing rights and abilities to influence the project activities, project stakeholders have become a major source of uncertainty in construction projects. Road construction projects are associated with such a varied ...

More than ever before, today’s global competition is driven by time. Many issues constituted problems for construction professionals, among them central issue is the time frame. Especially Quantity Surveyor’s day to day ...

Construction industry is conversely depleting of natural resources. It impacts on the environment, economy and society, not only during a project’s life cycle but also for coming generations. Adhering sustainable principles ...

The construction industry in New Zealand is responsible for around 40% natural resources, 30% energy consumption, and 30% greenhouse gases. The increased costs in natural resources, and energy, together with environmental ...

Information plays a significant role in managing built environment facilities. These information are generated at different life cycle stages, by different parties, which also provide different values to a variety of ...

Building Information Modelling (BIM) was found by construction industry, to increase the productivity of construction, while other industries gain more productivity by automating the processes and using software. BIM ...

Effective resolution of dispute is always helpful for sustainable construction practices. However, it is experienced that parties continuously failing to reach settlements in an effective and efficient manner. Although ...

Data from a number of industrialized countries show that construction workers are 3 to 4 times more likely than other workers to die from accidents at work. In the developing world, the risks associated with construction ...