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Best, R (2010) Using purchasing power parity to assess construction productivity. Construction Economics and Building, 10(04), 1-10.
- Type: Journal Article
- Keywords: International construction; industry comparisons; purchasing power parity; construction productivity
- ISBN/ISSN: 1837-9133
- URL: https://doi.org/10.5130/AJCEB.v10i4.1675
- Abstract:
For many reasons comparing construction productivity between countries is a difficult task. One key problem is that of converting construction costs to a common currency. This problem can be overcome relatively simply by using a basket of construction materials and labour, termed a BLOC (Basket of Locally Obtained Commodities), as a unit of construction cost. Average BLOC costs in each location are calculated from data obtained from a number of sources (quantity surveyors, estimators). Typical building costs obtained from published construction cost data are expressed in BLOC equivalents. Lower BLOC equivalents represent higher productivity as other inputs (largely materials) are constant. The method provides a relatively simple and direct method for comparing productivity between different locations.
de Valence, G (2010) Innovation, procurement and construction industry development. Construction Economics and Building, 10(04), 50-59.
Gharaie, E, Wakefield, R and Blismas, N (2010) Explaining the increase in the Australian average house completion time:activity-based versus workflow-based approach. Construction Economics and Building, 10(04), 34-49.
Karamujic, H (2010) An investigation into the fundamental drivers of pricing of residential mortgage products – a risk pricing viewpoint. Construction Economics and Building, 10(04), 60-72.
Liu, J and London, K (2010) Convergence among the submarkets in Australian regional building and construction sector. Construction Economics and Building, 10(04), 11-33.