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Boukendour, S and Bah, R (2001) The guaranteed maximum price contract as call option. Construction Management and Economics, 19(06), 563-7.

Dulaimi, M F and Hwa, T F (2001) Developing world class construction companies in Singapore. Construction Management and Economics, 19(06), 591-9.

Haas, C T, Rodriguez, A M, Glover, R and Goodrum, P M (2001) Implementing a multiskilled workforce. Construction Management and Economics, 19(06), 633-41.

Hong, Z, Tam, C M and Shi, J J (2001) Resource allocation heuristic in construction simulation. Construction Management and Economics, 19(06), 643-51.

Kwan, A Y and Ofori, G (2001) Chinese culture and successful implementation of partnering in Singapore's construction industry. Construction Management and Economics, 19(06), 619-32.

Lam, K C, Runesun, G, Ng, S T, Hu, T S, Cheung, S O and Deng, Z M (2001) Capital budget planning practices of building contractors in Hong Kong. Construction Management and Economics, 19(06), 569-76.

  • Type: Journal Article
  • Keywords: capital budgeting; planning and control; discriminant analysis
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446190110054112
  • Abstract:

    This paper explores the current practice of capital budget planning and control in the Hong Kong (HK) construction industry, based on two surveys undertaken in 1994 and 1999. The aims of these surveys were to uncover the financial planning, monitoring and control procedures used by building engineering contractors in HK. The results of the current survey reveal that less than half of the respondents undertook any form of capital budget planning. The most common form of capital budget planning was a review of the minimum rate of return. Despite the low prevalence of planning, most respondents adopted some method of capital budget control, especially by way of monitoring project performance. The 1999 study was compared with a similar survey conducted in 1994. The results indicate that there was no significant improvement in capital budget planning practices over the five year period. In addition to these findings, this paper concludes with a classification of firms, according to their capital budget planning behaviour, using discriminant function analysis.

Lingard, H (2001) The effect of first aid training on objective safety behaviour in Australian small business. Construction Management and Economics, 19(06), 611-8.

Moore, D R and Dainty, A R J (2001) Intra-team boundaries as inhibitors of performance improvement in UK design and build projects: a call for change. Construction Management and Economics, 19(06), 559-62.

Tong, T K L, Tam, C M and Chan, A P C (2001) Genetic algorithm optimization in building portfolio management. Construction Management and Economics, 19(06), 601-9.

Winch, G and Carr, B (2001) Benchmarking on site productivity in France and the UK: a CALIBRE approach. Construction Management and Economics, 19(06), 577-90.