Record Details

Using Purchasing Power Parity to Assess Construction Productivity

Construction Economics and Building

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Field Value
 
Title Using Purchasing Power Parity to Assess Construction Productivity
 
Creator Best, Rick
 
Subject Construction economics
International construction; industry comparisons; purchasing power parity; construction productivity
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Description For many reasons comparing construction productivity between countries is a difficult task. One key problem is that of converting construction costs to a common currency. This problem can be overcome relatively simply by using a basket of construction materials and labour, termed a BLOC (Basket of Locally Obtained Commodities), as a unit of construction cost. Average BLOC costs in each location are calculated from data obtained from a number of sources (quantity surveyors, estimators). Typical building costs obtained from published construction cost data are expressed in BLOC equivalents. Lower BLOC equivalents represent higher productivity as other inputs (largely materials) are constant. The method provides a relatively simple and direct method for comparing productivity between different locations. 
 
Publisher UTS ePRESS
 
Contributor —
 
Date 2010-12-16
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/1675
10.5130/AJCEB.v10i4.1675
 
Source Construction Economics and Building; Vol 10, No 4 (2010): AJCEB; 1 - 10
2204-9029
 
Language eng
 
Relation http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/1675/1959
 
Coverage Australia, USA
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Rights Copyright (c) 2010 Rick Best
http://creativecommons.org/licenses/by/4.0