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This unique handbook collects together a comprehensive and up-to-date range of indices measuring construction costs and price movements. The authors give guidance on the use of the data making this an essential aid to accurate estimating.
This unique handbook collects together a comprehensive and up-to-date range of indices measuring construction costs and price movements. The authors give guidance on the use of the data making this an essential aid to accurate estimating, as well as examples of how the costs were compiled.
Great Britain. Department of Health and Social Security. Surveying Division. Research Section
Author : Great Britain. Department of Health and Social Security. Surveying Division. Research Section Publisher : Page : pages File Size : 35,7 MB Release : 1979 Category : ISBN :
Despite the size, complexity and importance of the construction industry, there has been little study to date which focuses on the challenge of drawing reliable conclusions from the available data. The accuracy of industry reports has an impact on government policy, the direction and outcomes of research and the practices of construction firms, so confusion in this area can have far reaching consequences. In response to this, Measuring Construction looks at fundamental economic theories and concepts with respect to the construction industry, and explains their merits and shortcomings, sometimes by looking at real life examples. Drawing on current research the contributors tackle: industry performance productivity measurement construction in national accounts comparing international construction costs and prices comparing international productivity The scope of the book is international, using data and publications from four continents, and tackling head on the difficulties arising from measuring construction. By addressing problems that arise everywhere from individual project documentation, right up to national industrial accounts, this much-needed book can have an impact at every level of the industry. It is essential reading for postgraduate construction students and researchers, students of industrial economics, construction economists and policy-makers.
Construction cost indices are developed to measure the degree of price variations in construction material and labor costs. However, each specific type of construction is a combination of unique set of materials and labor. As such, the degree of price variations referring to each specific type of construction shall be measured by specific price indices, in order to achieve more accurate results. In Turkey, Producer Price Index (PPI) published by State Statistics Institute is commonly used for the escalation of building costs. This study aims to compare the existing cost indices as well as new alternative cost indices in terms of their adequacy for the representation of variations in the building costs in Turkey. The developed price indices will be tested to measure their fit with the cost of building projects, will be compared with the price indices published by the Ministry of Public Works and Settlement and also State Statistics Institute, and finally the most adequate price indices among the examined ones to be used for building projects will be selected. Moreover, models representing past price movements will be developed.
Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.