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Awad, A and Fayek, A R (2013) Adaptive Learning of Contractor Default Prediction Model for Surety Bonding. Journal of Construction Engineering and Management, 139(06), 694–704.
Badu, E, Owusu-Manu, D, Edwards, D J and Holt, G D (2013) Analysis of Strategic Issues Underpinning the Innovative Financing of Infrastructure within Developing Countries. Journal of Construction Engineering and Management, 139(06), 726–37.
Brodetskaia, I, Sacks, R and Shapira, A (2013) Stabilizing Production Flow of Interior and Finishing Works with Reentrant Flow in Building Construction. Journal of Construction Engineering and Management, 139(06), 665–74.
Cariaga, I and El-Diraby, T E (2013) Assessing the market potential for housing construction products in Mexico. Journal of Construction Engineering and Management, 139(06), 717–25.
Chen, Q, Jin, R and Soboyejo, A (2013) Understanding a Contractor’s Regional Variations in Safety Performance. Journal of Construction Engineering and Management, 139(06), 641–53.
Cho, Y, Wang, C and Zhuang, Z (2013) Framework for Empirical Process to Improve Nonnuclear Gauge Performance in Hot-Mix Asphalt Pavement Construction. Journal of Construction Engineering and Management, 139(06), 601–10.
Chong, H Y, Zin, R M and Chong, S C (2013) Employing Data Warehousing for Contract Administration: e-Dispute Resolution Prototype. Journal of Construction Engineering and Management, 139(06), 611–9.
Kim, Y A, Ryoo, B Y, Kim, Y and Huh, W C (2013) Major Accident Factors for Effective Safety Management of Highway Construction Projects. Journal of Construction Engineering and Management, 139(06), 628–40.
Le, Y, Wang, Y, Luo, C and Peng, Y (2013) Integration of Financial and Contract Management on the Shanghai Expo Construction Program. Journal of Construction Engineering and Management, 139(06), 738–48.
- Type: Journal Article
- Keywords: Project management; Construction costs; Contracts; International development; Computer software; Financial factors; Project management; Construction costs; Contracts; International development; Computer software;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000618
- Abstract:
The management of facility construction for hallmark events is critically important for their financial viability. However, little knowledge has been produced regarding the management of this type of construction. Based on the construction program for the Shanghai Expo 2010 and other cases reported in the literature, this paper provides an analysis of the common characteristics of construction for hallmark events, the challenges of financial management due to these characteristics, techniques to address these challenges, and lessons learned from the Expo construction. It is believed that one critical factor that contributes to the success of the Expo construction program is the integration of the financial management and contract management processes, assisted by a specifically designed computer program. The techniques used to integrate the two processes involve (1) mapping the program’s work breakdown structure, cost breakdown structure, and contract breakdown structure; (2) integrating the information flow between the two processes; and (3) automation in information generation, dissemination, and storage. Areas that may be further improved in managing construction programs of a similar nature are also discussed.
Park, T, Kim, B and Kim, H (2013) Real Option Approach to Sharing Privatization Risk in Underground Infrastructures. Journal of Construction Engineering and Management, 139(06), 685–93.
Russell, J S (2013) Shaping the Future of the Civil Engineering Profession. Journal of Construction Engineering and Management, 139(06), 654–64.
Solla, M, González-Jorge, H, Varela, M and Lorenzo, H (2013) Ground-Penetrating Radar for Inspection of In-Road Structures and Data Interpretation by Numerical Modeling. Journal of Construction Engineering and Management, 139(06), 749–53.
Xia, B, Molenaar, K, Chan, A, Skitmore, M and Zuo, J (2013) Determining Optimal Proportion of Design in Design-Build Request for Proposals. Journal of Construction Engineering and Management, 139(06), 620–7.
Yeung, J F Y, Chan, A P C, Chan, D W M, Chiang, Y H and Yang, H (2013) Developing a Benchmarking Model for Construction Projects in Hong Kong. Journal of Construction Engineering and Management, 139(06), 705–16.
Yu, W, Wang, K and Wang, M (2013) Pricing Strategy for Best Value Tender. Journal of Construction Engineering and Management, 139(06), 675–84.