Contractor’s Perspective on Key Performance Indicators of Cost Control in Asian, Middle Eastern, and European Construction Projects

Q1 Social Sciences

International Journal of Construction Education and Research Pub Date : 2020-11-08 DOI:10.1080/15578771.2020.1842567

B. Perera, C. Perera, C. Jayalath

{"title":"Contractor’s Perspective on Key Performance Indicators of Cost Control in Asian, Middle Eastern, and European Construction Projects","authors":"B. Perera, C. Perera, C. Jayalath","doi":"10.1080/15578771.2020.1842567","DOIUrl":null,"url":null,"abstract":"ABSTRACT Construction project costs frequently deviate from their estimated costs. Cost controlling techniques/tools (CCTTs) can be used to monitor these deviations. However, the effectiveness of these techniques and tools has to be evaluated. Thus, the aim of this study was to identify the Key Performance Indicators (KPIs) of CCTTs used in Asian, Middle Eastern, and European construction projects. The study included a series of interviews with 15 experts to categorize the techniques and tools and identify their KPIs. A questionnaire survey was conducted among 300 chartered quantity surveyors to evaluate the level of significance of each CCTT and its KPIs. The highest number of CCTTs is implemented in the execution stage, while only few CCTTs are implemented in the initiation stage. The most significant technique used in the initiation stage is the ‘preliminary project estimate,’ and its most significant KPI is the ‘cost per functional unit.’ ‘Contract management’ is the most important technique used in the execution stage. ‘Final accounts’ with ‘effective contract sum’ as the KPI is the principle technique used in the closing stage.","PeriodicalId":39782,"journal":{"name":"International Journal of Construction Education and Research","volume":"9 1","pages":"217 - 233"},"PeriodicalIF":0.0000,"publicationDate":"2020-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Construction Education and Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/15578771.2020.1842567","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Social Sciences","Score":null,"Total":0}

引用次数: 4

Abstract

ABSTRACT Construction project costs frequently deviate from their estimated costs. Cost controlling techniques/tools (CCTTs) can be used to monitor these deviations. However, the effectiveness of these techniques and tools has to be evaluated. Thus, the aim of this study was to identify the Key Performance Indicators (KPIs) of CCTTs used in Asian, Middle Eastern, and European construction projects. The study included a series of interviews with 15 experts to categorize the techniques and tools and identify their KPIs. A questionnaire survey was conducted among 300 chartered quantity surveyors to evaluate the level of significance of each CCTT and its KPIs. The highest number of CCTTs is implemented in the execution stage, while only few CCTTs are implemented in the initiation stage. The most significant technique used in the initiation stage is the ‘preliminary project estimate,’ and its most significant KPI is the ‘cost per functional unit.’ ‘Contract management’ is the most important technique used in the execution stage. ‘Final accounts’ with ‘effective contract sum’ as the KPI is the principle technique used in the closing stage.

查看原文本刊更多论文

承包商对亚洲、中东和欧洲建筑项目成本控制关键绩效指标的看法

【摘要】建设项目成本经常偏离其预估成本。成本控制技术/工具(cctt)可用于监控这些偏差。但是，必须对这些技术和工具的有效性进行评估。因此，本研究的目的是确定在亚洲、中东和欧洲建设项目中使用的cctt的关键绩效指标(kpi)。该研究包括与15位专家的一系列访谈，以对技术和工具进行分类，并确定其kpi。我们对300名特许工料测量师进行问卷调查，以评估每个CCTT及其关键绩效指标的显著性水平。在执行阶段实施的cctt数量最多，而在启动阶段实施的cctt数量很少。在初始阶段使用的最重要的技术是“初步项目评估”，其最重要的KPI是“每个功能单元的成本”。“合同管理”是执行阶段使用的最重要的技术。以“有效合同金额”为关键绩效指标的“决算”是结案阶段使用的主要技术。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

International Journal of Construction Education and Research Social Sciences-Education

CiteScore

3.80

自引率

0.00%

发文量

期刊介绍： The International Journal of Construction Education and Research is a respected international refereed journal that publishes original works that address cutting edge issues related to construction around the globe. The Journal supports the mission of the Associated Schools of Construction (ASC), a professional association comprised of about 100 universities and colleges. The ASC encourages the sharing of ideas and knowledge and promotes excellence in curricula, teaching, research and service relating to the construction industry.