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Awil, A and Aziz, A R A (2002) International markets: Malaysian construction contractors and the stage theory. Construction Economics and Building, 2(01), 94-106.
El-Higzi, F (2002) Foreign market selection factors in the Australian construction services sector. Construction Economics and Building, 2(01), 107-120.
Francis, V and Lingard, H (2002) The case for family-friendly work practices in the Australian construction industry. Construction Economics and Building, 2(01), 28-36.
Jefferies, M, Chen, S and Conway, J (2002) Assessment of professional competence in a construction management problem-based learning setting. Construction Economics and Building, 2(01), 47-56.
Lam, K C, Cheung, S O, Tang, C M and Ng, S T (2002) Capital budgeting evaluation practices of building contractors in Hong Kong. Construction Economics and Building, 2(01), 81-93.
- Type: Journal Article
- Keywords: Capital budgeting; Hong Kong; building contractors
- ISBN/ISSN: 1445-2634
- URL: https://doi.org/10.5130/AJCEB.v2i1.2889
- Abstract:
This paper reports the results of an investigation into capital budgeting evaluation practicesin the construction industry of Hong Kong. The aim of this study was to identify thepopularity and extent of usage of various techniques for capital budget evaluation, investmentappraisal, risk analysis, and management science. The current study was comparedwith a similar survey conducted in 1994 to establish the changes in the capital budgetingevaluation practices of contracting firms over time. The results indicate that there was ageneral increase in the popularity and extent of usage in certain capital budget evaluationtechniques such as “best/worst estimate” and “formal financial evaluation”. In addition,the evaluation techniques examined were fitted into a discriminant function analysis (DFA),and a model has been developed which allows contracting firms to be classified accordingto their predominant characteristics in capital budget evaluation.
Ling, F and Leong, E (2002) Performance of design-build projects in terms of cost, quality and time: views of clients, architects and contractors in Singapore. Construction Economics and Building, 2(01), 37-46.
Manley, K and Marceau, J (2002) Integrated manufacturing-services businesses in the Australian building and construction sector. Construction Economics and Building, 2(01), 1-12.
Ng, T, Luu, D and Chen, S (2002) Decision criteria and their subjectivity in construction procurement selection. Construction Economics and Building, 2(01), 70-80.
Smallwood, J and Venter, D (2002) The influence of project managers on construction health and safety in South Africa. Construction Economics and Building, 2(01), 57-69.
Soetanto, R and Proverbs, D (2002) Modelling client satisfaction levels: the impact of contractor performance. Construction Economics and Building, 2(01), 13-27.