Factors Affecting The Construction Industry

Management of construction projects needs skills and knowledge in modern management and comprehension of construction and design process. In construction projects, the relevant technology processes, and arrangements differ, but common sequence of events apply. Construction projects generally require a specification of the project plans and objectives that entail budgeting, scope, setting of performance requirements, scheduling, and project participants (Rojas, 2009). It also requires project management specifics like the resource utilization by procurement of materials, labor, and equipment to project plan and schedule. In addition, it leads to implementation of several operations by effective control, estimation, design, construction, and contracting (Mincks & Johnston, 2010). The sequence of events occurring in the construction phase is categorized into three broad areas including foundation, structural, and finishes sequence.

Describe common practices to estimate the duration of project activities as well as real reasons that cause project delays.

Research is conducted to examine different points of views of the importance of performance outcomes in a construction project in Hong Kong. ANOVA was used to analyse the data relative to how the performances were measured. Performances were measured using a performance criteria starting with the most important first, which is time. Timely completion of a project would prevent loss of revenue and penalities to the contractor.

This concept could be widely used in the construction industry to increase productivity, and also to enhance organization amongst partakers involved. If there were professionals trained in investigating and scrutinizing various actions employed while a construction project is underway, they could easily identify where there is scope of improvement, and also provide suggestions to improve its

This research paper is focused on one of the biggest concern of the construction industry in today’s world, which is “Construction Delay Claims”. A construction project consists different individual or interdependent activities. There is a higher possibility that some sort of delay might occur in any of the involved activities. In order to mitigate issue of delays and make delay claim resolving process easier, researcher and engineers came with an idea which is know as “Critical Path Method (CPM)”. CPM would have different activity paths but among them the longest path (based on time duration) is known as critical path. Critical path is also known as “Zero Float Path”. Float is a certain extra amount of time allotted to activities which can be utilized before or during that activity. It can be understood that any delay in the activities that are on critical path could cause overall project to be delayed. Though delays are quiet common in construction projects, it is necessary to determine whether the delay is critical or not. Once the criticality of the delay is decided then the responsible party for the delay is determined. This is the basic logic behind all the construction delay claims assessment methodologies. Key tools in the assessment procedure are As- planned schedule and As- build schedule for the project. As- planned scheduled is the schedule submitted by the contractor to the owner prior to the construction work starts. As- build schedule is the schedule which

This chapter a study of literature on the topic of delay causes and objectives of project time, cost, and quality.

This report provides an analysis and an evaluation of the downturn of the economy and how it impacted the construction industry and manufacturing industry. It will also detail the moment when the economy was rebounding and how we can see an increase in the construction industry and manufacturing industry at this time. Methods of analysis include graphs showing construction plan reviews detailing years 2000-2015 as well as graphs detailing the rise and decline of jobs available in the construction industry. The report finds that the construction industry was directly affected by the recession and did indeed decline at a significant

As the last factor, poor third-party contractors could be the reason of the delay in the schedule. Due to low bid amount, many project faces poor selection of contractors and their staff with no technical capabilities to handle the projects which causes most likely cost overruns, poor quality and unacceptable final results, besides the schedule delays. To solve this problem, the project team should identify qualified contractors and make sure that all the staff in the site is competent and meets the requirements of the

Population development is an issue set to move us all, not only those in the construction industry. Population development will put amplified stress on the world’s resources, with physical space on behalf of one of the most precious resources on the planet. It’s up to the construction workers and the architects to understand how to use urban spaces more professionally and efficiently, accommodating additional people in luxury without reducing resources drastically. Expanding populations and increasing economies overseas are expected to have a knock-on effect on Britain's construction industry, too. Britain has a worldwide recognised ability for design, architecture and engineering, although, according to the 2025 strategy report, we’re yet

Climate, Environment, and Cost impacts are important factors to consider when working in carpentry. Carpenters need to do critical thinking about jobs, plans, and materials for the job. Different environments have different climates. The climate has a very big impact on the cost impact of the job. Climate affects the way a job is constructed in a number of ways. The environment controls the cost and overall construction of the job.

Construction projects are always unique and risks raise from a number of the different sources. Construction projects are inherently complex and dynamic, and involving multiple feedback processes. A lot of participants – individuals and organizations are actively involved in the construction project, and they interests may be positively or negatively affected as a result of the project execution or project completion. Different participants with different experience and skills usually have different expectations and interests. This naturally creates problems and confusion for even the most experienced project managers and contractors.

Victoria has one of the strongest economies in British Columbia (Greater Victoria Chamber of Commerce, 2012). Greater Victoria has a fast-growing knowledge based economy with growing business opportunities in its more significant sectors including “advanced technology, tourism, marine, government, and education - as well as other sectors, including construction [See Figure 1 in the Appendix for the trend in major projects in the Vancouver Island/Coast Region], retail, agriculture, and arts and culture, contribute to the overall strength of the economy and demonstrate the healthy diversity of the business environment” (Greater Victoria Chamber of Commerce, 2012).

The construction industry in Australia has over the recent three years provided increased employment thereby improving the economic financial performance. This has been fueled primarily by middle market construction firms. However, forecast shows that the total non-residential construction would fall between 2014 and 2016 due to falling levels of investment on project activities. The economic deficits incurred in the construction industry would be offset by investments in the telecommunication and commercial construction, especially in apartment building.

The aspect of the period, in the past, the project contains a contract of limited time. At this time, poor performance, such as time delays and cost overruns, are not uncommon in construction projects and the reasons behind these problems have attracted the attention of construction practitioners and researchers. Performance tries to avoid failure project. As a result, people who are in the project management area identified the most important factors leading to time delays and cost overruns as finance and payment problems, such as poor management, after that aim to handle the changes in site conditions, and shortages of materials (Meng, 2012). Finally, finding that the importance of management linked internal supply chain management.

The construction industry much like other industries is dependant with the distribution of “scarce resources” (Drake,1994). Many of its resources known as the factors or production i.e. labour, capital, land etc. are limited (Gregory-Mankiw, 2008), however, wants and desires within the industry are infinite (Myers, 2013). Kishtainy notes that this creates two problems; at any given time, there will be a fixed number of resource, against numerous wants. Sloman 2003 adds that in an effort to rectify this, he argues that we must make choices, in terms of choices within the construction industry Myers suggested that firms need to considered their investments made, how they construct and for whom they construct for.