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Ball, M, Farshchi, M and Grilli, M (2000) Competition and the persistence of profits in the UK construction industry. Construction Management and Economics, 18(07), 733-45.

Bresnen, M and Marshall, N (2000) Building partnerships: case studies of client-contractor collaboration in the UK construction industry. Construction Management and Economics, 18(07), 819-32.

Chan, A P C (2000) Evaluation of enhanced design and build system: a case study of a hospital project. Construction Management and Economics, 18(07), 863-71.

Davidson, M and Leather, P (2000) Choice or necessity? A review of the role of DIY in tackling housing repair and maintenance. Construction Management and Economics, 18(07), 747-56.

Kumaraswamy, M M and Dissanayaka, S M (2000) ISO 9000 and beyond: from a Hong Kong construction perspective. Construction Management and Economics, 18(07), 783-96.

Langford, D A, El-Tigani, H and Marosszeky, M (2000) Does quality assurance deliver higher productivity?. Construction Management and Economics, 18(07), 775-82.

Loosemore, M and Tan, C C (2000) Occupational bias in construction management research. Construction Management and Economics, 18(07), 757-66.

MacKenzie, S, Kilpatrick, A R and Akintoye, A (2000) UK construction skills shortage response strategies and an analysis of industry perceptions. Construction Management and Economics, 18(07), 853-62.

Ng, S T, Cheung, S O, Skitmore, M R, Lam, K C and Wong, L Y (2000) Prediction of tender price index directional changes. Construction Management and Economics, 18(07), 843-52.

  • Type: Journal Article
  • Keywords: Tender price index; economic indicators; multivariate discriminant analysis; forecast; tendering
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/014461900433122
  • Abstract:

    A multivariate discriminant analysis is described, aimed at predicting the direction of changes in the Hong Kong tender price index by utilizing the patterns of change in eight leading economic indicators. Two discriminant functions are derived which distinguish between ’upward’, ’constant’ and ’downward’ index trends with a high degree of success. The predictive power of the discriminant model is tested by means of a simulated ex post holdout sample of eight index values. By comparing the group centroids, seven of the cases are correctly classified. The hit rate of the ’upward’ and ’constant’ groups is 100%, while the ’downward’ group has a hit rate of 75%, suggesting the ’downward’ trend to be a more difficult movement to predict. Despite this, the overall predictive results are considerably better than those that would have occurred by chance alone.

Smithers, G L and Walker, D H T (2000) The effect of the workplace on motivation and demotivation of construction professionals. Construction Management and Economics, 18(07), 833-41.

Tombesi, P (2000) Modelling the dynamics of design error induced rework in construction: comment. Construction Management and Economics, 18(07), 727-32.

Winch, G M (2000) Innovativeness in British and French construction: the evidence from Transmanche-Link. Construction Management and Economics, 18(07), 807-17.

Wong, C H, Holt, G D and Cooper, P A (2000) Lowest price or value? Investigation of UK construction clients' tender selection process. Construction Management and Economics, 18(07), 767-74.

Wong, E S, Then, D and Skitmore, M R (2000) Antecedents of trust in intra-organizational relationships within three Singapore public sector construction project management agencies. Construction Management and Economics, 18(07), 797-806.