Overview
- Examines the relationship between the state of the economy (boom or bust) and construction quality
- Describes the impacts of economic recessions on the performance of contracting firms
- Presents theories on how contracting firms rationalize their time–cost–quality decisions in economic recessions
Part of the book series: Management in the Built Environment (MABUEN)
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Table of contents (11 chapters)
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Front Matter
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Back Matter
Keywords
About this book
Adopting a three-pronged approach to explain the key issues, the book first explains the effect of the state of the Singapore national economy (boom or bust) on the construction quality delivered by contracting firms. Secondly, it explains how contracting firms respond to the performance of the national economy through their dynamic bidding strategies, leading to significant quality trade-offs in some instances, especially when there is imprecise market information. Thirdly, it recommends various strategic measures that key stakeholders and government policy-makers can take to circumvent the quality trade-off in the construction industry when faced with dynamic fluctuations in the performance of the national economy.
Although the book focuses on Singapore, it appeals to a global audience since countries worldwide (and their respective building-related stakeholders) face the same issues in terms of the time–cost–quality trade-off decision-making process involving the entire supply chain.
Authors and Affiliations
About the authors
Lau Shing Hou holds a B.Sc. (Project & Facilities Management) (Highest Distinction) degree from the Department of Building at the National University of Singapore and was a student research assistant at the same department. A Sembcorp Industries Scholar, Dean’s Lister (5 times) and Valedictorian at the 2018 NUS Commencement, he has also won the following awards: Lee Kuan Yew Gold Medal, the Singapore Institute of Surveyors and Valuers (SISV) Gold Medal, theSally Meyer Medal, the Singapore Institute of Building (SIBL) Gold Medal, SIBL Book Prize (twice) as well as the Hyundai Engineering & Construction Technology Grand Award (2017).
Bibliographic Information
Book Title: Construction Quality and the Economy
Book Subtitle: A Study at the Firm Level
Authors: Low Sui Pheng, Lau Shing Hou
Series Title: Management in the Built Environment
DOI: https://doi.org/10.1007/978-981-13-5847-0
Publisher: Springer Singapore
eBook Packages: Engineering, Engineering (R0)
Copyright Information: Springer Nature Singapore Pte Ltd. 2019
Hardcover ISBN: 978-981-13-5846-3Published: 21 January 2019
eBook ISBN: 978-981-13-5847-0Published: 08 January 2019
Series ISSN: 2522-0047
Series E-ISSN: 2522-0055
Edition Number: 1
Number of Pages: XVI, 268
Number of Illustrations: 24 b/w illustrations, 35 illustrations in colour
Topics: Construction Management, Project Management, Engineering Economics, Organization, Logistics, Marketing
Industry Sectors: Consumer Packaged Goods