International comparisons of construction industry performance: further investigations

Best, Rick and Langston, Craig 2005, International comparisons of construction industry performance: further investigations, in Queensland University of Technology Research Week International Conference: Conference Proceedings, Queensland University of Technology, Brisbane, Qld., pp. 1-15.

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Title International comparisons of construction industry performance: further investigations
Author(s) Best, Rick
Langston, Craig
Conference name Queensland University of Technology Research Week International Conference
Conference location Brisbane, Qld.
Conference dates 4-8 Jul 2005
Title of proceedings Queensland University of Technology Research Week International Conference: Conference Proceedings
Editor(s) Sidwell, A.C.
Publication date 2005
Conference series Queensland University of Technology Research Week International Conference
Start page 1
End page 15
Publisher Queensland University of Technology
Place of publication Brisbane, Qld.
Keyword(s) construction industry
international comparisons
performance
purchasing power parity
Summary While there have been many attempts at comparisons of construction performance over the past 50 years, the results have generally been inconclusive and/or contradictory.

Such comparisons are of great interest to industry, governments and theorists alike but there is little agreement as to how they are best done. A variety of methodologies have been used, however, the lack of satisfactory outcomes has been due largely to one factor, the lack of a truly reliable method for comparing construction costs in different currencies

Exchange rates are recognised as being unsuitable, and while purchasing power parity (PPP) has a long history, the method still has many critics. In addition, the nature of the building industry and its products makes the establishment of reliable construction PPPs very difficult. Both the UN’s International Comparison Program (ICP) and the European Union gather data for the production of construction-specific PPP indices, but neither body publishes them, as there is too much doubt about their reliability.

New approaches are being developed and some are soon to be trialled. This paper looks at the problems, describes and discusses some new approaches, and assesses their potential.
Notes QUT Research Week 2005
ISBN 1741071011
9781741071016
Language eng
Field of Research 120299 Building not elsewhere classified
Socio Economic Objective 970112 Expanding Knowledge in Built Environment and Design
HERDC Research category E1 Full written paper - refereed
Copyright notice ©2005, Queensland University of Technology, School of Engineering Systems
Persistent URL http://hdl.handle.net/10536/DRO/DU:30009730

Document type: Conference Paper
Collection: School of Architecture and Built Environment
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