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Bajaj, D, Oluwoye, J O and Lenard, D (1997) An analysis of contractors' approaches to risk identification in New South Wales, Australia. Construction Management and Economics, 15(04), 363-9.

Bowles, G, Dagpunar, J S and Gow, H (1997) Financial management of planned maintenance for housing associations. Construction Management and Economics, 15(04), 315-26.

Chau, K W (1997) Note - The ranking of construction management journals. Construction Management and Economics, 15(04), 387-98.

Fenn, P (1997) Note - Rigour in research and peer review. Construction Management and Economics, 15(04), 383-5.

Griffith, A and Headley, J D (1997) Using a weighted score model as an aid to selecting procurement methods for small building works. Construction Management and Economics, 15(04), 341-8.

Hatush, Z and Skitmore, M R (1997) Assessment and evaluation of contractor data against client goals using PERT approach. Construction Management and Economics, 15(04), 327-40.

Punwani, A (1997) A study of the growth-investment-financing nexus of the major UK construction groups. Construction Management and Economics, 15(04), 349-61.

  • Type: Journal Article
  • Keywords: construction majors; contracting; growth; housebuilding; investment
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/014461997372908
  • Abstract:

    This paper compares the relationship between growth, investment and financing of the contracting operations with that of the housebuilding operations in the large, diversified UK construction groups during the 1980s. A graphical presentation of a financial analysis of the contracting and housebuilding divisions’ company accounts illustrates significant changes in the levels of capital investment and the sources and uses of finance of these two activities during a period of marked growth in turnover. It is established that the major contractors not only achieved significant growth in their turnover with negligible recourse to additional capital investment but in fact generated surplus funds which could be diverted into other businesses in their respective construction group’s portfolio of business activities. It is shown that their ’cash-requiring’ speculative housebuilding businesses relied on such intra-group funds as a main source of finance for investment in land during the 1980s.

Songer, A D, Diekmann, J E and Pecsok, R (1997) Note - Risk analysis for revenue dependent infrastructure projects. Construction Management and Economics, 15(04), 377-82.

Tse, R Y C and Ganesan, S (1997) Note - Causal relationship between construction flows and output: evidence from Hong Kong. Construction Management and Economics, 15(04), 371-6.