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Atkin, B L and Gill, E M (1986) CAD and Management of Construction Projects. Journal of Construction Engineering and Management, 112(04), 557–65.

Chang, L (1986) Inferential Statistics for Craftsman Questionnaire. Journal of Construction Engineering and Management, 112(04), 492–9.

Chang, L and Borcherding, J D (1986) Craftsman Questionnaire Sampling. Journal of Construction Engineering and Management, 112(04), 543–56.

Chrzanowski, E N and Johnston, D W (1986) Application of Linear Scheduling. Journal of Construction Engineering and Management, 112(04), 476–91.

De La Garza, J M and Melin, J W (1986) Prepayment Ability to Offset Inflation. Journal of Construction Engineering and Management, 112(04), 514–29.

  • Type: Journal Article
  • Keywords: Economic factors; Pricing; Profits; Cost analysis; Construction industry; Construction management; Foreign projects;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(1986)112:4(514)
  • Abstract:
    A model is presented to highlight actions that both owners and contractors, who do construction overseas, need to take in order to obtain costeffective construction projects. The model delineates a clear relationship between inflation, price escalation, time‐lag, prepayment, and the effects of price escalation on the value of the project. To simplify that relationship, the model concentrates inflation, price escalation, time‐lag, and profits into one term, the project's net present value. The analysis reveals three major points. First, the prepayment can be viewed and quantified as an additional markup whose benefits should be shared with the owner. Second, there is, indeed, an equilibrium point that defines the extent to which the prepayment accounts for inflation coverage, and thus no price escalation is needed. Finally, price escalation clauses in countries having high levels of inflation do not encourage prudence in spending. On the contrary, price escalation clauses encourage price escalation.

Hadipriono, F C, Lim, C and Wong, K (1986) Event Tree Analysis to Prevent Failures in Temporary Structures. Journal of Construction Engineering and Management, 112(04), 500–13.

Jaafari, A and Mateffy, V K (1986) Games People Play with Cost Control in Australia. Journal of Construction Engineering and Management, 112(04), 566–81.

Laufer, A and Ledbetter, W B (1986) Assessment of Safety Performance Measures at Construction Sites. Journal of Construction Engineering and Management, 112(04), 530–42.

O'Connor, J T, Larimore, M A and Tucker, R L (1986) Collecting Constructability Improvement Ideas. Journal of Construction Engineering and Management, 112(04), 463–75.

Ramaswamy, S D and Pertusier, E M (1986) Construction of Barrettes for High‐Rise Foundations. Journal of Construction Engineering and Management, 112(04), 455–62.

Tyvand, J and Blachly, A T (1986) Foamed Plastic Absorbs Staged Post‐Tensioning Deflections. Journal of Construction Engineering and Management, 112(04), 582–7.