Measuring Construction Industry Performance - Essay Example

Only on StudentShare

Extract of sample
Measuring Construction Industry Performance

Revenues from constructed buildings are not keeping pace with escalating cost of equipments, transportation and other economic factors. The prices of related construction items are quietly unrelated to the expenditure put in constructing, transporting materials, processing and selling.
Floods and droughts have made the established businessmen to become debtors though they have borrowed money and invested the same in equipment and land. There are delays in getting government funds, which are in adequate to meet these types of natural calamities. Though there are private insurance companies to cover insurance of these investments from weather-related catastrophes they are not that much helpful. The small players who solely depend on their investments are the losers of these natural calamities.
Like any other traders or businessmen, investors can ensure long term growth and stability through proper planning in changing market conditions during the periods of floods, drought and in price downsizing and also taking the help of key performance indicators (KPI) or benchmarking so that they may not depend on the assistance and support of government. Sharon McClements et al (2002) concluded that the Construction Best Practice Programme, have developed a benchmarking gateway known as KPI zone.
In construction fi ...
Download paper


Constructors and businessmen are subject to variable weather conditions of natural disaster and should save and keep investment during the period of profit so that they do not become bankrupt during the period of downswings. John Stewart (2002) advances the notion that planning for new housing should take realistic account of the likely future geography of population, social and economic change…
Author : djohnston

Related Essays

Effective Management in Construction Industry
These materials are useful even to construction managers with general knowledge on management.
10 pages (2510 words) Essay
Construction Industry Report
In contemporary Western cultures it is possible for individuals to work in 5-10 different occupations before retirement. However, current thinking on careers tends to be conditioned by older and sometimes outmoded concepts of what a career ought to be.
6 pages (1506 words) Essay
The UK construction industry .
The UK construction industry has witnessed a fall of nearly two percent in construction activity during 2010 compared with last year's 12 per cent drop and is expected to remain in recession. It is estimated that by the end of 2010, construction industry will have lost 16 billion of work in just three years and the growth is not expected to return until 2011 and even then it is forecasted to be relatively subdued at just one per cent per year in the consecutive three years coming. An interesting factor to be observed here is regarding the private Vs public construction companies' progress.
6 pages (1506 words) Essay
International Marketing in Construction Industry
.) are aware of possible future challenges in this sector, and have started, or are preparing, to address them. The competition in this industry is high because these countries have a high demand for construction services, as they deem it to be necessary for their overall economic growth. In the past years, both the demand and the supply curves for this industry have witnessed a rightward shift, but as can be seen from the diagram below, the increase in demand has been more than the increase in supply, leading to a higher equilibrium price, and making this industry a highly profitable one for...
13 pages (3263 words) Essay
UK Construction Industry
Currently, this industry is faced with a shortage of skills as well as safety and health issues.
5 pages (1255 words) Essay
Risk investment in Construction industry
In addition, a case study in China’s construction industry is included to demonstrate the effectiveness of risk management.
40 pages (10040 words) Essay
Bribery and Corruption in China's Construction Industry
In the end, the approach proposed in this paper may hopefully provide a new understanding of bribery and corruption in the Chinese construction industry.
32 pages (8032 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!