Dawood, N N and Dalakleidis, G D A (2002) Industrial review and development of a cost management system for the Greek construction industry. In: Greenwood, D (ed.) Proceedings of 18th Annual ARCOM Conference, 2-4 September 2002, Northumbria, UK.
Abstract
The Greek construction industry is considered as the engine of the Greek economy. Although there is an evidence of prosperity and financial growth of the Greek economy, this has only partially affected the Greek construction industry (GCI). For the past 20 years the construction industry has suffered from decreasing profitability, competitiveness and market share. The majority of the construction contractors are unable to cost, manage and control projects especially in terms of completing and delivering the work within budget, time and final product quality. Therefore, the GCI needs to restructure itself especially in terms of cost planning, monitoring and control. The objective of this paper is to review current practices of cost management and control for public construction projects (i.e. schools, hospitals, industrial units, public offices, etc.) in Greece. The data were collected using the 'Semi-Structured Interviews' and a number of Greek construction contractors were participated. The results of the interviews have specified the problematic issues that GCI facing today in tendering, cost planning, monitoring and control as well as identified the expectations of the GCI experts for better financial management and cost control. In addition the paper briefly presents a new approach for cost management and control which is based on the real needs of the GCI contractors for better cost planning and control.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | Greek construction industry; industrial review; semi-structured interviews; cost management; cost control |
| Index terms: | Greece, product quality, cost management, market share, interview, financial management, construction contractor, construction industry, cost planning, public construction, monitoring, cost control, evidence, profitability, competitiveness |
| Subjects: | financial and cost management, economic analysis, data collection methods, evaluation and assessment methods, practitioner, control systems, market analysis, building construction, industry analysis, quality assurance, financial management, accounting and finance, Geography |
| Topics: | Roles and Professions, Business Strategy, Cost Management, Engineering Principles, Geographical Context, Research Practice, Site Management, Quality Management |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here