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The performance of contractors in Japan, the UK and the USA: a comparative evaluation of construction cost

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Author Info
Hong Xiao
David Proverbs
Abstract

Globalization of the world economy demands that performance comparisons are undertaken at an international level. A new research protocol has been developed for comparing contractor performance internationally by combining the appropriate characteristics of two established approaches in order to balance the requirements of comparability and representativeness. This new approach is used to reveal some important international performance characteristics among Japanese, UK and US contractors. Building costs in the UK, when adjusted for exchange rate fluctuations, are significantly higher than those in Japan and the USA. Furthermore, cost certainty and client satisfaction are higher in Japan than in the UK, but there is no significant difference between Japan and the USA. Disparities in cost performance between the three countries are believed to originate from differences in the relationships between contractors and clients and also in the construction process.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Construction Management & Economics.

Volume (Year): 20 (2002)
Issue (Month): 5 (July)
Pages: 425-435
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Handle: RePEc:taf:conmgt:v:20:y:2002:i:5:p:425-435

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Related research
Keywords: Construction Cost; Contractor Performance; Analysis Of Variance;

References listed on IDEAS
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  1. David Crosthwaite, 2000. "The global construction market: a cross-sectional analysis," Construction Management & Economics, Taylor and Francis Journals, vol. 18(5), pages 619-627, July. [Downloadable!] (restricted)
  2. Henk M. Vermande, Peter-Hein Van Mulligen, 1999. "Construction costs in The Netherlands in an international context," Construction Management & Economics, Taylor and Francis Journals, vol. 17(3), pages 269-283, May. [Downloadable!] (restricted)
  3. Oum, Tae Hoon & Yu, Chunyan, 1998. "Cost competitiveness of major airlines: an international comparison," Transportation Research Part A: Policy and Practice, Elsevier, vol. 32(6), pages 407-422, August. [Downloadable!] (restricted)
  4. Heston, Alan & Summers, Robert, 1996. "International Price and Quantity Comparisons: Potentials and Pitfalls," American Economic Review, American Economic Association, vol. 86(2), pages 20-24, May. [Downloadable!] (restricted)
  5. Kravis, Irving B, 1984. "Comparative Studies of National Incomes and Prices," Journal of Economic Literature, American Economic Association, vol. 22(1), pages 1-39, March. [Downloadable!] (restricted)
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