Ssegawa, J K (2003) A building price index: A case for Botswana. Journal of Financial Management of Property and Construction, 8(1), pp. 17-28. ISSN 1366-4387
Abstract
Stakeholders of the construction industry need cost or price information to be able to plan and execute their services. In most developing countries, and in Botswana in particular, no organisation has endeavoured to compile and publish any construction or building data. However, previous studies have suggested that the unavailability of such information has rendered planning of projects and pricing during tendering very difficult. This paper reports an investigation into the possibility of establishing a price database of commonly used building items for public projects. Arising from the building price database, a building price index is constructed and a forecasting model formulated.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction industry, building costs and prices, building price index, Laspeyre index, Paasche index |
| Index terms: | Botswana, database, pricing, forecasting, construction industry, investigation, developing country, public project |
| Subjects: | prediction and forecasting, data collection methods, industry analysis, data management, economic analysis, infrastructure engineering, development economics, Geography |
| Topics: | Digital Applications, International Construction, Business Strategy, Research Practice, Engineering Principles, Geographical Context |
| Descriptive scope: | 4 PCTA |
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