Using Purchasing Power Parity to Assess Construction Productivity
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 L...
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| Format: | Article |
| Language: | English |
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UTS ePRESS
2010-12-01
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| Series: | Construction Economics and Building |
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| Online Access: | https://learning-analytics.info/journals/index.php/AJCEB/article/view/1675 |
| _version_ | 1819058494510202880 |
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| author | Rick Best |
| author_facet | Rick Best |
| author_sort | Rick Best |
| collection | DOAJ |
| 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. |
| first_indexed | 2024-12-21T13:56:06Z |
| format | Article |
| id | doaj.art-5daf049ab30f4bc885ebc3d38b34f265 |
| institution | Directory Open Access Journal |
| issn | 2204-9029 |
| language | English |
| last_indexed | 2024-12-21T13:56:06Z |
| publishDate | 2010-12-01 |
| publisher | UTS ePRESS |
| record_format | Article |
| series | Construction Economics and Building |
| spelling | doaj.art-5daf049ab30f4bc885ebc3d38b34f2652022-12-21T19:01:33ZengUTS ePRESSConstruction Economics and Building2204-90292010-12-0110410.5130/AJCEB.v10i4.16751163Using Purchasing Power Parity to Assess Construction ProductivityRick Best0Bond UniversityFor 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.https://learning-analytics.info/journals/index.php/AJCEB/article/view/1675International constructionindustry comparisonspurchasing power parityconstruction productivity |
| spellingShingle | Rick Best Using Purchasing Power Parity to Assess Construction Productivity Construction Economics and Building International construction industry comparisons purchasing power parity construction productivity |
| title | Using Purchasing Power Parity to Assess Construction Productivity |
| title_full | Using Purchasing Power Parity to Assess Construction Productivity |
| title_fullStr | Using Purchasing Power Parity to Assess Construction Productivity |
| title_full_unstemmed | Using Purchasing Power Parity to Assess Construction Productivity |
| title_short | Using Purchasing Power Parity to Assess Construction Productivity |
| title_sort | using purchasing power parity to assess construction productivity |
| topic | International construction industry comparisons purchasing power parity construction productivity |
| url | https://learning-analytics.info/journals/index.php/AJCEB/article/view/1675 |
| work_keys_str_mv | AT rickbest usingpurchasingpowerparitytoassessconstructionproductivity |