• Journal of Construction Engineering and Project Management
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• v.1 no.3
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• pp.1-8
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• 2011

Available data on the recent global financial crisis (GFC) show that it lasted between the second quarter (Q2) of 2007 and the fourth quarter (Q4) of 2009. Australia is one of the first economies to fully recover from this crisis. This study explorles the role played by the Australian construction industry in stimulating economic growth during the recession. In order to investigate the macro-variability trend during the financial crisis, data were collected and analysed relating to the quarterly GDP of Australia and selected countries between Q1 2000 and Q4 2009. Specifically, changes in the construction industry's GDP were compared with aggregate GDP changes in Australian economy and similar indices in the 'Group of 7' (G7) countries and Organisation for Economic Co-operation and Development (OECD) countries. Moreover, specific attention was focused on Germany, France, Japan, United States of America (USA) and United Kingdom (UK). Graphical and Pearson's correlation methods were used to analyse the relationships between changes in construction GDP and Australia's overall economic growth during the recession. In addition, an attempt was made to develop a regression model for predicting economic growth during the recent recession using changes in gross fixed capital formation (GFCF), changes in construction GDP and the impact of these changes on national economy. Analysis shows a slight contraction in construction activities during the crisis; however construction triggered significant growth in the economy during the crisis period and afterwards. This appears to be the major difference between Australia and other major economies that have experienced a longer recession.

• Construction Engineering and Management
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• v.16 no.6
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• pp.41-44
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• 2015

• Construction Engineering and Management
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• v.16 no.4
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• pp.12-17
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• 2015

• Construction Engineering and Management
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• v.6 no.2 s.24
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• pp.23-27
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• 2005

• Construction Engineering and Management
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• v.17 no.3
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• pp.3-5
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• 2016

• Construction Engineering and Management
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• v.9 no.6
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• pp.26-28
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• 2008

• Construction Engineering and Management
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• v.4 no.3 s.15
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• pp.25-30
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• 2003

• International conference on construction engineering and project management
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• 2013.01a
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• pp.308-314
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• 2013

Although global construction spending has experienced slow growth due to consecutive economic crises, global contractors have consistently attempted to expand their overseas market share, leading to more intense competition among contractors in the international construction market. In this market environment, owners, clients and financial institutions require reasonable and systematic criteria to effectively assess the business capabilities of international construction firms. However, the existing evaluation methods for construction firms rarely consider overseas-focused business capabilities. To address this problem, this study proposes a quantitative approach to assessing the overseas business capabilities of international construction firms. The limitations of existing approaches are reviewed, and the capabilities required to perform overseas businesses are analyzed through expert interviews. Finally, 18 evaluation indices are suggested in four categories: technology resources, project management, experience and performance, and sustainability. The relative weight of each index is determined according to the Analytical Hierarchy Process (AHP) method, and a preliminary investigation of 11 Korean construction firms is conducted. The proposed method is expected that it will provide the rational criteria for international owners, clients, and financial institutions for decision-making and for evaluating international contractors.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2021.11a
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• pp.248-249
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• 2021

Planning and Scheduling in Korean has been developed from Bar Chart to CPM, integrated management and EVM were attempted. As growing of overseas projects, Scheduler was also recognized as important one. However, the reality is that most Korean construction projects still remain in the preparation of construction plan and construction schedule in 1990s. The global Planning and Scheduling trend is EOT claims. I would like to understand the global trend of EOT claims and EOT analysis, and to find out Planning and Scheduling measures to successfully promote EOT claims.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.28-29
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• 2015

The tire production facility is a large-scale construction with the complexity of a manufacturing process. The process utilities should be wide-ranging as an effective arrangement of them is highly important. All the necessary information should be clarified together with the manufacturer at the basic planning stage, and this design should be developed to comply with the local culture and regulations. It is important to carry out more advanced engineering in terms of process, cost and quality, even if it is difficult to standardize due to the cultural and geographical conditions and regulations. The key point is to reflect all the given conditions and make a clear design during the design stage, to eliminate the problems after the construction has begun. Another key point is the delivery system, which must be totally managed from the initial design stage until the construction stage by proven companies. Flexibility, quick action, and single responsibility will be the fundamental features in all the steps of the project.