Awad, A M (2005) The interaction between project finance of a large-scale construction project and macroeconomic indicators and policies. PhD thesis, University of Nottingham, UK.
Abstract
This thesis describes research undertaken to investigate the possibility of modelling the interaction between project finance of a large scale construction project (LSCP) and macro economic indicators and policies. In particular, it concentrates on the use of system theory and LSCPs in Egypt. Both soft system and hard system methodologies are used for models development. Soft systems methodology was used to investigate the interactions between macroeconomic indicators and policies and the project finance of a LSCP as an investment. It was also used to identify the interactions and cash flows between owner and contractor involved in a LSCP and other participants that represent their obligations and sources of finances. Hard system methodology was used to convert qualitative linkages between elements to quantitative linkages. The models were validated against information obtained from the interviews and published reports abut the performances of the Egyptian economy. The models have been proved to be able to simulate cash flows between owner and contractor involved in a LSCP and other participant that represent their sources of finance and obligations. The results of model simulation provide strategic information for a decision maker considering investment in a LSCP to understand the effects of the economic indicator performance on their project. The effects of macroeconomic indicators performance on an owner or a contractor involved in a LSCP could be summarised in two main headings: cash flows delays and cost changes. However these effects depend on many factors such as sources of finance, contractual agreements, percentage of foreign and local components, and percentage of foreign currencies in cash flows. A proposal is made to use the models as the basis for a decision support system to assist decision-makers in firms and government considering project finance in a LSCP.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Uncontrolled Keywords: | construction project; economic indicator; government; investment; performance; project finance; contractor; owner; decision support; interview; simulation; Egypt |
| Index terms: | interview, construction project, cash flow, linkage, owner, economic indicator, modelling, methodology, interaction, proposal, decision support, project finance, agreements, soft systems methodology, Egypt |
| Subjects: | production management, contract formation, Geography, behavioral psychology, decision analysis, analytical methods, business, financial management, research methods, data collection methods, sociology, data analysis and analytics, project planning |
| Topics: | Project Management, Research Practice, Cost Management, Stakeholder Management, Engineering Principles, Business Strategy, Geographical Context, Contract Administration, Risk 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