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Modelling business performance from marketing practices of architecture firms in Nigeria Journal of Financial Management of Property and Construction Pub Date : 2024-03-08 Joy Joshua Maina
Purpose This study aims to establish marketing practices which predict business performance of architecture firms within the Nigerian Construction Industry (NCI) to address the sustained poor business performance of firms, which affects allied professionals as many projects in the built environment depend on design proposals from architects. Design/methodology/approach Survey responses from 86 firms
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From hurdles to heights: blueprint for tackling distributed ledger technology challenges in the construction sector of a developing economy Journal of Financial Management of Property and Construction Pub Date : 2024-02-19 Ayodeji Emmanuel Oke, John Aliu, Lydia Uyi Ehiosun, Andrew Ebekozien, Akinrolade Ayowole Rotimi
Purpose The emergence of distributed ledger technology (DLT) has transformed the way construction industries approach data management, ushering in an era of increased transparency, security and efficiency. The purpose of this study is to investigate the strategies to promote the adoption of DLT in the Nigerian construction sector. This was done to address the challenges that hinder the widespread adoption
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How do economic policy uncertainty and leverage impact firm-level cash holding distribution of housing companies in an emerging economy? A quantile regression approach Journal of Financial Management of Property and Construction Pub Date : 2023-12-11 Rajni Kant Rajhans
Purpose High economic policy uncertainty forces firms to accumulate a higher level of cash than during normal business periods. However, it is not evident that economic policy uncertainty has a homogeneous impact across cash-holding distributions. This paper aims to study the impact of economic policy uncertainty, leverage and their interaction on cash-holding distributions. Design/methodology/approach
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Implications of competitive tendering on consulting engineering services in South Africa: a thematic analysis Journal of Financial Management of Property and Construction Pub Date : 2023-12-07 Neil Govender, Samuel Laryea, Ron Watermeyer
Purpose Competitive tendering in South Africa is often associated with procurement based on the lowest fee tendered. Previous research on this topic did not provide in-depth examinations of how pricing within consulting engineering companies was affected by competitive tendering nor did it illuminate the extent to which professional services were impacted by competitive tendering. This paper aims to
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Investigating ground-related design deficiencies as potential triggers to cost overruns in highway projects Journal of Financial Management of Property and Construction Pub Date : 2023-12-04 Alolote Ibim Amadi
Purpose This study aims to investigate ground-related design deficiencies as potential avenues of avoidable cost overruns, discernible from the geotechnical practices of highway agencies in the Niger Delta region of Nigeria. Design/methodology/approach The study deploys an interpretivist qualitative methodology to provide a detailed descriptive analysis of the design-related geotechnical practices
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Development of a financial performance measurement model for real estate business: an exploratory study in India Journal of Financial Management of Property and Construction Pub Date : 2023-11-29 Harish Kumar Singla, Sitara Sunil Chammanam
Purpose The purpose of this study is to develop a financial performance measurement model for real estate business. Design/methodology/approach The study uses balanced scorecard (BSC) proposed by Kaplan and Norton (1996) as a theoretical support. The study, being exploratory in nature, uses survey method to collect data on several dimensions of BSC as well as on other performance measures used by real
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The moderating impact of organizational readiness, competitive pressure and compatibility on the cost of using precast concrete components Journal of Financial Management of Property and Construction Pub Date : 2023-10-06 Ali Katebi, Amirhossein Mohammadhosseini, Mohammad Najmeddin, Peyman Homami
Purpose The purpose of this study is to investigate the factors affecting the cost of concrete component prefabrication using the moderating role of organizational readiness, compatibility and competitive pressure. Design/methodology/approach The information collected in this study was obtained from 188 questionnaires filled out online by civil engineers active in the Iranian construction industry
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Assessing the impact of early supplier involvement on public works procurement Journal of Financial Management of Property and Construction Pub Date : 2023-09-27 Vincent Kwame Osei-Appiah, Ernest Kissi, Victor Acheamfour Karikari, Prosper Ayeng, Eugene Danquah-Smith, Michael Adesi
Purpose Works procurement performance is critical to successful project delivery. However, early supplier involvement (ESI) has been touted in other industries to impact procurement performance positively. Works procurement has been attracting significant attention from major players due to poor performance characterized by poor performance, budget overruns and incompetence. Hence, the purpose of this
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Synthesis towards unveiling the complexity underlying underpayment for subcontractors in construction Journal of Financial Management of Property and Construction Pub Date : 2023-09-18 Mohammad Mayouf, Ciaran Gilligan
Purpose In construction projects, underpayments can be recognised as one of the significant drawbacks that impact the success of a project. Research into underpayments is considered ambiguous and provides a limited reflection of the issue, which makes it complicated to trace how it originates in the first place. This study aims to examine the causes that lead to underpayments and develop a holistic
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The potential of new models of construction procurement to counter cost overruns in construction projects: an exploratory study from a contractors’ perspective Journal of Financial Management of Property and Construction Pub Date : 2023-09-18 Stephanie Sheamar, Gayan Wedawatta, Maheshi Tennakoon, Roshani Palliyaguru, Maxwell Fordjour Antwi-Afari
Purpose Cost overrun is a significant issue in construction, an undesirable feature the industry has long been associated with. Poor procurement practices are often blamed for subsequent cost overruns in construction, especially with conventional procurement methods leading to outrageous cost overruns. The purpose of this study is to review the features of the new models of construction procurement
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Causes of disputes in the construction industry – a systematic literature review Journal of Financial Management of Property and Construction Pub Date : 2023-09-12 Pramod Malaka Silva, Niluka Domingo, Noushad Ali Naseem Ameer Ali
Purpose The construction industry is complex, human-intensive and driven by monetary values. Hence, disputes are widespread. Initial conflicts among parties may develop into a disastrous dispute that costs the project success and good relationships and affects stakeholders' expectations. There has been a focus on causes of construction-related disputes, and studies over the past three decades have
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Investigating the relationship between human resource development and quality in building projects Journal of Financial Management of Property and Construction Pub Date : 2023-08-07 Mohammad Javad Abdolahi, Behnod Barmayehvar, Taimoor Marjani, Reza Esmaeilabadi
Purpose This study aims to show that human resource development (HRD) criteria have a significant role on the quality of building projects. Design/methodology/approach It is worth mentioning that the present research is a survey in terms of practical purpose and in terms of data collection. In this regard, first, review of the related literature and then the HRD criteria were identified and initial
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Property tax reassessment among local authorities: the implementation and its key challenges Journal of Financial Management of Property and Construction Pub Date : 2023-07-28 Asma Senawi, Atasya Osmadi
Purpose The role of local authorities is crucial in addressing the essential needs of communities, and they possess the right to impose property taxes on all properties within their territory. Property taxes are levied on all properties, contributing to approximately 60% of the local authority’s finances. However, their role in this policy is not frequently understood, primarily in executing property
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Factors causing delays in the UAE construction industry amid the Covid-19 pandemic Journal of Financial Management of Property and Construction Pub Date : 2023-07-13 Haitham Alajmani, Salma Ahmed, Sameh Monir El-Sayegh
Purpose This paper aims to measure the severity, frequency and importance of the factors causing delays in the United Arab Emirates (UAE) construction industry following the Covid-19 pandemic onset. The study also measures the likelihood of the effects caused by these delays. Design/methodology/approach A mixed approach of both qualitative and quantitative. Literature review was conducted to extract
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Fuzzy quantitative risk allocation model (FQRAM) to guide decision-making on risk allocation in Ghanaian public-private partnership (PPP) power projects Journal of Financial Management of Property and Construction Pub Date : 2023-07-12 Augustine Senanu Komla Kukah, De-Graft Owusu-Manu, Edward Badu, David J. Edwards, Eric Asamoah
Purpose Public-private partnership (PPP) power projects are associated with varying risk factors. This paper aims to develop a fuzzy quantitative risk allocation model (QRAM) to guide decision-making on risk allocation in PPP power projects in Ghana. Design/methodology/approach A total of 67 risk factors and 9 risk allocation criteria were established from literature and ranked in a two-round Delphi
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Default prediction of small and medium enterprises: Portuguese construction sector Journal of Financial Management of Property and Construction Pub Date : 2023-06-19 Magali Costa, Inês Lisboa
Purpose This paper aims to study the default risk of small and medium-sized enterprises in the construction sector. Design/methodology/approach An unbalanced sample of 2,754 Portuguese companies from the construction sector, from 2008 to 2020, is analysed. Companies are classified in default or compliant following an ex-ante criterion. Then, using the stepwise analysis, the most relevant variables
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Implementing lean construction to improve quality and megaproject construction: a case study Journal of Financial Management of Property and Construction Pub Date : 2023-06-07 Khalil Idrissi Gartoumi, Mohamed Aboussaleh, Smail Zaki
Purpose This paper aims to explore a framework for implementing Lean Construction (LC) to provide corrective actions for quality defects, customer dissatisfaction and value creation during the construction of megaprojects. Design/methodology/approach This paper presents a case study involving the construction of the Mohamed VI Tower in Morocco. It is the tallest tower in Africa, with 55 floors and
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Evaluation of the drivers to the implementation of blockchain technology in the construction supply chain management in Nigeria Journal of Financial Management of Property and Construction Pub Date : 2023-06-05 Taofeek Tunde Okanlawon, Luqman Oyekunle Oyewobi, Richard Ajayi Jimoh
Purpose Blockchain technology (BT) is a relatively new technological innovation in all industries, including the construction industry, that is used to improve supply chain management. Therefore, this study assesses the drivers for the implementation of BT in the construction supply chain management in Nigeria. Design/methodology/approach This study used a quantitative research approach, with a questionnaire
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Modeling duration of building renovation projects Journal of Financial Management of Property and Construction Pub Date : 2023-03-20 Haruna Sa'idu Lawal, Hassan Adaviriku Ahmadu, Muhammad Abdullahi, Muhammad Aliyu Yamusa, Mustapha Abdulrazaq
Purpose This study aims to develop a building renovation duration prediction model incorporating both scope and non-scope factors. Design/methodology/approach The study used a questionnaire to obtain basic information relating to identified project scope factors as well as information relating to the impact of the non-scope factors on the duration of building renovation projects. The study retrieved
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Critical managerial measures on financial risks of sustainable public–private partnership projects: a PRISMA review Journal of Financial Management of Property and Construction Pub Date : 2023-03-06 Isaac Akomea-Frimpong, Xiaohua Jin, Robert Osei-Kyei, Fatemeh Pariafsai
Purpose Public–private partnership (PPP), a project financing arrangement between private investors and the public sector, has revolutionized the approach to the funding and development of public infrastructure worldwide. However, the increasing cases of financial risks and poor financial risk management related to the model threaten the sustainability and financial success of PPP projects leading
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The late payment epidemic in UK construction Journal of Financial Management of Property and Construction Pub Date : 2023-02-14 Alice Stewardson, David J. Edwards, Eric Asamoah, Clinton Ohis Aigbavboa, Joseph H.K. Lai, Hatem El-Gohary
Purpose The UK government has elaborated the effect of late payment on the economy, with its impact on the construction sector being particularly pronounced. This paper aims to evaluate the late payment epidemic that persists within the construction industry, specifically analysing the effectiveness of government-led voluntary payment initiatives. Design/methodology/approach A mixed philosophical lens
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An assessment of the linkages between the construction and other sectors of the Nigerian economy Journal of Financial Management of Property and Construction Pub Date : 2022-11-29 Najimu Saka, Victor Arowoiya
Purpose The construction sector (CNS) occupies a very unique position in any economy depending on whether developed or developing economy. The size and linkages of the CNS are expected to be high to help push or pull the economy from developing to developed economy through elaborate forward and backward linkages, a cardinal aim of developing economies. This paper aims to investigate the forward and
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A spatial examination of solar PV adopters in Northern Ireland: the role of housing market and socio-economic characteristics Journal of Financial Management of Property and Construction Pub Date : 2022-11-24 Sean MacIntyre, Michael McCord, Peadar T. Davis, Aggelos Zacharopoulos, John A. McCord
Purpose The purpose of this study is to examine whether PV uptake is associated with key housing market determinants and linked to socio-economic profiles. An abundance of extant literature has examined the role of solar photovoltaic (PV) adoption and user costs, with an emerging corpus of literature investigating the role of the determinants of PV uptake, particularly in relation to the built environment
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Indicators for safety culture in SME construction firms: a Delphi study in Ghana Journal of Financial Management of Property and Construction Pub Date : 2022-10-11 Eric Kodzo Adzivor, Fidelis Emuze, Dillip Kumar Das
Purpose The purpose of this article is to determine safety culture indicators that can improve the health and safety performance of small and medium-sized enterprise (SME) contractors in Ghana. Design/methodology/approach A three-round Delphi method was used. The first round consisted of 31 experts out of which 18 of them rated their agreements with a set of 87 potential safety culture indicators using
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The effect of the strength of auditing and reporting standards on infrastructure quality in Africa: do ethical behaviour of firms and judicial independence matter? Journal of Financial Management of Property and Construction Pub Date : 2022-07-21 Imen Khelil, Achraf Guidara, Hichem Khlif
Purpose This paper aims to investigate the impact of the strength of auditing and reporting standards (SARS, hereafter) on the quality of infrastructure in African countries and tests whether the ethical behaviour of firms and judicial independence affect this relationship. Design/methodology/approach The sample consists of 108 country-year observations spanning from of 2014–2017. Data concerning the
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Review of the methodological approach of analysing rental income of residential property in Abuja, Nigeria Journal of Financial Management of Property and Construction Pub Date : 2022-06-07 Nurudeen Akinsola Bello, Bawa Chafe Abdullahi, Moses Idowu Atilola, Esther Oromidayo Thontteh
Purpose This study aims to review the approaches used in the analysis of rental income of residential property in Abuja, Nigeria, to strengthen the existing investment performance approaches initially relied upon by property investors towards having a better and reliable performance evaluation for property investment decision-making. Design/methodology/approach With the adoption of combined methodological
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Infrastructure development: reflections on Sierra Leone infrastructure scheme and the Lungi Bridge project Journal of Financial Management of Property and Construction Pub Date : 2022-06-07 José Oliveros-Romero, Vidal Patrick Paton-Cole
Purpose The Government of Sierra Leone has launched a strategic plan 2019–2022 that includes a large focus on new large infrastructure. This plan includes the Lungi Bridge project, a 7-km bridge for connecting the capital city Freetown with the Lungi airport, procured with a public–private partnership (PPP) model. This study aims to reflect on seven issues regarding the plan implementation and the
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The economic domino effect on housing and construction sector – a case of India Journal of Financial Management of Property and Construction Pub Date : 2022-06-07 Madhumitha B., Preeti Onkar
Purpose This study aims to understand the domino effect on housing and construction sector along the economic dimensions in light of COVID-19 pandemic. Design/methodology/approach The view point in this paper is written based on the domino effect of various sectors in India. Starting from the macro-economic events through to the micro-economic events, the changes are discussed along the platform of
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Cost–benefit analysis to appraise technical mitigation options for earthquake-induced liquefaction disaster events Journal of Financial Management of Property and Construction Pub Date : 2022-04-14 Nadeeshani Wanigarathna, Keith Jones, Federica Pascale, Mariantonietta Morga, Abdelghani Meslem
Purpose Recent earthquake-induced liquefaction events and associated losses have increased researchers’ interest into liquefaction risk reduction interventions. To the best of the authors’ knowledge, there was no scholarly literature related to an economic appraisal of these risk reduction interventions. The purpose of this paper is to investigate the issues in applying cost–benefit analysis (CBA)
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Capital structure behaviour among Indonesian property developers during different business cycles Journal of Financial Management of Property and Construction Pub Date : 2022-03-28 Imanda Luzari Indomo, Arief Wibisono Lubis
Purpose The issue of capital structure among property developers in Indonesia becomes interesting as the government speeds up housing development. Examining which theory prevails (trade-off versus pecking order) can be done by looking at several determinants of capital structure. This study aims to argue that examining determinants of capital structure in this context should also incorporate business
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Use of new models of construction procurement to enhance collaboration in construction projects: the UK construction industry perspective Journal of Financial Management of Property and Construction Pub Date : 2022-03-11 Robert John Atkinson, Maheshi Tennakoon, Gayan Wedawatta
Purpose The lack of collaborative working within the UK construction industry is a long-standing issue that has often been highlighted. As a result, the construction industry in the UK is encouraged to use novel procurement methods to create a collaborative working environment. This study aims to explore the collaborative features of the three new models of construction procurement introduced by the
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Subcontractor trust issues on payment and valuation practices in UK private projects Journal of Financial Management of Property and Construction Pub Date : 2022-03-11 Temitope Seun Omotayo, Oskar Danvers-Watson, Adekunle Sabitu Oyegoke
Purpose Construction project delivery is hinged on the performance of the contractor and subcontractors. In many private construction projects in the UK, there are trust issues between the subcontractor and contractor, especially when there are no collateral warranties to protect the rights of the subcontractors. The purpose of this study is to investigate and identify the causations of distrust between
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Property taxation: the encouraging factors for payment among the taxpayers Journal of Financial Management of Property and Construction Pub Date : 2022-03-01 Shardy Abdullah, Muhammad Rosmizan Abdul Wahab, Arman Abdul Razak, Mohd Hanizun Hanafi
Purpose The purpose of this study was identifying factors that encourage property tax payment among property owners, specifically from the residential property segment within the Malaysian context. This aim is derived from existing evidence which clearly indicates a steady annual increase in property tax arrears from non-complying property owners as reported by the local governments (LGs). Design/
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Prioritisation of resilience criteria and performance indicators for road emergencies crisis response: an analytic hierarchy process (AHP) approach Journal of Financial Management of Property and Construction Pub Date : 2022-02-16 Zeeshan Aziz, Ebrahim Alzaabi, Mohamad Syazli Fathi
Purpose This paper aims to develop a crisis readiness framework for road traffic crisis response for law enforcement agencies in the United Arab Emirates (UAE). Design/methodology/approach A Delphi method was used that combined questionnaire-based survey and the analytical hierarchy process to collect quantitative and qualitative data from an expert panel of crisis readiness professionals on how they
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Design morphology complexity and conceptual building project cost forecasting Journal of Financial Management of Property and Construction Pub Date : 2022-01-27 Dimitrios D. Kantianis
Purpose This research aims to develop conceptual phase building project cost forecasting models by exploring the relationship of existing plan shape complexity indices and general design morphology parameters with total construction cost. Design/methodology/approach Plan shape indices proposed to date by the literature for measuring building design complexity are critically reviewed. Building morphology
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Effect of institutional context and finance context of housing finance on home ownership among low-income earners in Bauchi Journal of Financial Management of Property and Construction Pub Date : 2022-01-13 Moses Jonathan Gambo
Purpose The purpose of this paper is to evaluate the effects of housing finance institutional and financial context on beneficiaries’ context to low income earners in Bauchi Local Government Area, Bauchi, Nigeria Design/methodology/approach This paper adopted a quantitative research approach. Self-administered structured questionnaires were used to collect information from 357 primary school teachers
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Risk transfer in project finance loans for toll road using credit default swaps Journal of Financial Management of Property and Construction Pub Date : 2022-01-11 Wei Yang, Afshin Firouzi, Chun-Qing Li
Purpose The purpose of this paper is to demonstrate the applicability of the Credit Default Swaps (CDS), as a financial instrument, for transferring of risk in project finance loans. Also, an equation has been derived for pricing of CDS spreads. Design/methodology/approach The debt service cover ratio (DSCR) is modeled as a Brownian Motion (BM) with a power-law model fitted to the mean and half-variance
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Key factors affecting commercial actors in collaborative working within the UK construction industry Journal of Financial Management of Property and Construction Pub Date : 2022-01-04 Sa’id Namadi Ahmed, Christine Pasquire, Emmanuel Manu
Purpose Extensive research on the importance of collaborative working (CW) and aligning stakeholders’ interests in construction has been widely conducted. But often the practice of commercial actors during CW has often been overlooked, particularly within the UK setting, where scholars have lamented on the lack of industry-wide collaboration. This study aims to explore the factors affecting commercial
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The challenge of implementing public-private partnerships: a transaction costs perspective on waste to energy projects in Indonesia Journal of Financial Management of Property and Construction Pub Date : 2021-12-07 Azelia Machsari Haqq, Yohanna M.L. Gultom
Purpose This study aims to explore the reasons behind the lengthy delays in completing a single public-private partnership (PPP) project in Indonesia and investigates how the transaction costs play a significant role in hindering the project’s success. Design/methodology/approach To broaden insight into the transaction cost theory, the authors used a single case study approach to provide a more in-depth
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Attributes and impact of advance payment system on cash flow, project and organisational performance Journal of Financial Management of Property and Construction Pub Date : 2021-11-23 Emmanuel Dele Omopariola, Abimbola Olukemi Windapo, David J. Edwards, Nicholas Chileshe
Purpose Construction companies require meticulous and thorough financial planning to ensure business survival in an increasingly competitive global market. Past studies assert that cash flow management is also crucial to meeting project and organisational performance expectations. However, the link between an advance payment system (APS), cash flow and project performance has hitherto received scant
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Unpacking the framework of unsolicited proposal for public private partnership projects – the Indian case Journal of Financial Management of Property and Construction Pub Date : 2021-11-23 Varaprasad Mallisetti, Tharun Dolla, Boeing Laishram
Purpose The most recent advent of the unsolicited proposal in the public private partnership mode of infrastructure procurement has changed the duties and roles of private and public sector agencies. Also, they have increased the practitioners' difficulties to work out strategic mechanisms and methods to manage these unsolicited proposals (USP) effectively. So, this study aims to understand how well
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A retrospection of methodological pluralism in the Journal of Financial Management of Property and Construction (2005-2020) Journal of Financial Management of Property and Construction Pub Date : 2021-10-27 Chipozya Kosta Tembo, Adeyemi Akintola
Purpose This paper presents a review of research methodologies used in addressing problems in the financial management of property and construction journals from 2005 to 2020. Design/methodology/approach Content analysis of 258 research papers published in the Journal of Financial Management of Property and Construction was carried out, enabling the exploration of research approaches, epistemology
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Real options analysis of revenue risk sharing in post-disaster housing reconstruction Journal of Financial Management of Property and Construction Pub Date : 2021-09-27 Mohammad Vahdatmanesh, Afshin Firouzi, James Olabode Bamidele Rotimi
Purpose Post-disaster housing reconstruction (PDHR) demands a considerable percentage of global property investment, yet the post-disaster environment presents intricate challenges to reconstruction financing for governments and at the same time, revenue uncertainty for private investors. The purpose of this study is to develop a methodology for tackling land shortage and the financial challenges of
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Are the public tertiary education building projects devoid of risks in the Nigerian construction context? Journal of Financial Management of Property and Construction Pub Date : 2021-08-30 Olufisayo Adedokun, Isaac Aje, Oluwaseyi Awodele, Temitope Egbelakin
Purpose The non-performance of construction projects in meeting the set objectives has continued to draw researchers worldwide. Despite this, little attention is accorded to public tertiary education building projects in Nigeria. Therefore, on this background, this study aims to assess the perceptions of stakeholders on the level of occurrence of risk factors in the public tertiary education building
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Understanding the dynamics of cost overrun triggers in highway infrastructure projects in Nigeria: a systems thinking modelling approach Journal of Financial Management of Property and Construction Pub Date : 2021-08-02 Abba Tahir Mahmud, Stephen O. Ogunlana, W.T. Hong
Purpose Empirical evidence suggests that many triggers influence poor cost performance in highway projects, whereas previous studies about the cost overrun triggers stem from a positivist standpoint supported by conventional statistical techniques, thus disregarding the sophisticated interactions and overall dynamics of the triggers. This study contends for a paradigm shift in investigating and understanding
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Identifying the risk factors in real estate construction projects: an analytical study to propose a control structure for decision-making Journal of Financial Management of Property and Construction Pub Date : 2021-07-05 Shumank Deep, Vanita Bhoola, Saumya Verma, Udara Ranasinghe
Purpose Construction projects in the real estate sector are important for a nation’s economic growth. However, owing to several constraints and stereotypes, the construction industry is suffering from major capital losses. A review of recent literature revealed that risks occurring in real estate construction projects (RECPs) carried out in developing economies can be divided into four categories,
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Assessment of cost management practices of civil engineering (project procurement) organisations in Ondo State, Nigeria Journal of Financial Management of Property and Construction Pub Date : 2021-06-18 Adedotun Ojo, Olusola Ogunsina, Deji R. Ogunsemi
Purpose The purpose of the work presented here is to assess the cost management practices of civil engineering organisations in Nigeria, with an overall aim of developing a generic cost management process map. The first objective is to compare existing frameworks theoretically to highlight their strengths and weaknesses. The second objective is to use the findings of the first objective to assess or
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Key criteria for selecting green suppliers for construction projects in the UAE Journal of Financial Management of Property and Construction Pub Date : 2021-04-08 AbdulRahman Asaad, Sameh Monir El-Sayegh
Purpose This paper aims to identify and assess the key criteria for selecting green suppliers in the United Arab Emirates (UAE) construction industry. Design/methodology/approach A total of 20 criteria were identified and shortlisted through an extensive literature review. These criteria were grouped into four categories: technical and commercial bid, company characteristics, environmental and socioeconomic
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Using accounting ratios to measure construction industry lag Journal of Financial Management of Property and Construction Pub Date : 2021-04-06 John Killingsworth, Mohammed Hashem Mehany, Jeff Kim
Purpose The apparent lag between macro-economic behavior and financial implications in the construction industry is yet to be examined. The purpose of this paper is to understand the nature of the lag and the relationship between economic changes from year-to-year and the impact on the financial status of construction companies. Design/methodology/approach Correlation was made between US economic growth
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Multi-criteria decision-making framework for selecting sustainable private partners for housing projects Journal of Financial Management of Property and Construction Pub Date : 2021-04-02 Abdullah Khalid Abdullah, Adel Alshibani
Purpose This paper aims to develop a framework for the selection of private partners in the housing industry of Saudi Arabia under the scheme of the partnership between the public and private sectors. Design/methodology/approach By investigating criteria from a comprehensive literature review and experts input through surveys, developing further surveys incorporating decision-making methods: analytic
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An evaluation of offsite construction skill profiles Journal of Financial Management of Property and Construction Pub Date : 2021-02-22 Buddhini Ginigaddara, Srinath Perera, Yingbin Feng, Payam Rahnamayiezekavat
Purpose This paper aims to evaluate the existing and emerging Offsite Construction (OSC) skills. Construction industry is inherently labour oriented, fashioning poor labour productivity, low sustainability, slow and costly processes. These shortcomings promote OSC alongside driving forces such as industrialisation, automation and digitalisation. However, the traditional construction skills are not
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Profitability determinants of infrastructure public private partnerships (PPPs): empirical evidence from Indian data Journal of Financial Management of Property and Construction Pub Date : 2021-02-17 Ashish Kumar, Vikas Srivastava, Mosab I. Tabash, Divyanshi Chawda
Purpose The purpose of this study is to empirically investigate the variables having an impact on profitability of public private partnerships (PPPs) in India using a balanced panel data of 171 unlisted PPPs from different infrastructure sectors such as road, power generation, real estate and ports. Design/methodology/approach Estimations were done using Arellano–Bond dynamic panel data estimation
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Mechanisms and challenges in financing renewable energy projects in sub-Saharan Africa: a Ghanaian perspective Journal of Financial Management of Property and Construction Pub Date : 2021-02-15 De-Graft Owusu-Manu, Lawrence Martin Mankata, Caleb Debrah, David John Edwards, Igor Martek
Purpose Ghana has set an objective of achieving 10% of its energy requirements through renewable sources, by 2020. However, to date, the renewable energy (RE) sector has attracted only marginal investor interest. This paper aims to identify the challenges faced in financing RE in Ghana. Design/methodology/approach A comprehensive review of literature in renewable energy finance was conducted and 12
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Constraints and opportunities facing construction organization in post-conflict condition in Afghanistan Journal of Financial Management of Property and Construction Pub Date : 2021-02-15 Qais Amarkhil, Emad Elwakil
Purpose Although there are many challenges and constraints for construction organization operation and performance in a post-conflict condition, there is insufficient construction project management literature. Therefore, the purpose of this paper is to identify a framework to understand and determine critical constraints and opportunities in a post-conflict condition facing local construction firms
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Identification of critical success factors (CSFs) for real estate developers (REDs) in India Journal of Financial Management of Property and Construction Pub Date : 2021-02-12 Harish Kumar Singla, Pradeepta Kumar Samanta
Purpose The paper aims to identify the critical success factors (CSFs) at an individual level for real estate developers (REDs) in India. Design/methodology/approach Fifteen individual-level CSFs are identified from literature review. These CSFs are moderated through expert opinion, and they are customized for the real-estate sector. Five-point scale questionnaire is developed and furnished to REDs
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Factors influencing the adoption of public–private partnership in low-cost housing development in Myanmar Journal of Financial Management of Property and Construction Pub Date : 2021-02-08 The Su Nyein, Bonaventura H.W. Hadikusumo
Purpose To provide low-cost housing, the Myanmar Government is attempting to use public–private partnership (PPP) to attract private investors. However, there is little information concerning the influencing factors for implementing PPP low-cost housing projects in Myanmar. This paper, therefore, aims to identify and analyse these factors. Design/methodology/approach A total of 51 in-depth interviews
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Flexibility decision pathways in the management of uncertainty in property development: experience from an emerging market Journal of Financial Management of Property and Construction Pub Date : 2021-02-08 Timothy Oluwafemi Ayodele, Abel Olaleye
Purpose This paper aims to investigate the flexible decision pathways adopted by development advisors in the management of uncertainty in property development. Specifically, the study examines the quantitative techniques adopted by development advisors, the level of adoption of real options analysis (ROA) vis-à-vis the level of adoption of heuristics. Finally, the types of options exercised in property
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Streamlining the management of payment delays: the case of Sri Lankan Government building construction projects Journal of Financial Management of Property and Construction Pub Date : 2021-02-01 B.A.K.S. Perera, Kaveesha Gihani Dewagoda
Purpose Delayed payments have been long standing, pressing issue in construction projects, especially in Government-funded construction projects. The root causes and the consequences of delayed payments must be identified before implementing strategies to mitigate the consequences of such delayed payments. However, these causes and consequences and the parties responsible for managing the delayed payments
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Evaluating the critical success criteria for prefabricated prefinished volumetric construction projects Journal of Financial Management of Property and Construction Pub Date : 2021-02-01 Ibrahim Yahaya Wuni, Geoffrey Qiping Shen, Robert Osei-Kyei
Purpose Prefabricated prefinished volumetric construction (PPVC) is a game-changing construction method that transforms the fragmented site-based construction of buildings into an integrated production, integration and assembly of value-added volumetric building components. Where circumstances merit, the effective implementation of PPVC leverages significant gains in time, cost, quality, productivity
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An analysis of the impact of jurisdictional fragmentation on property taxes in Ghana Journal of Financial Management of Property and Construction Pub Date : 2021-01-21 Felix Oppong
Purpose Following decades of weak financial capacity of local governments in raising enough revenues to finance their budgets, this paper aims to examine the impact of jurisdictional fragmentation on property taxes in Ghana. Since independence in 1957, many local governments in Ghana are yet to build their fiscal capacity to collect enough own source revenues to support their local budgets. All local