Scott, D (1984) Economic evaluation of minor roading projects. Construction Management and Economics, 2(1), pp. 77-90. ISSN 01446193
Abstract
The work reported here was undertaken to investigate alternative methods of evaluating minor roading projects with a capital cost of less than $50 000. Literature relevant to this type of project is reviewed briefly. The 21 case studies are described and evaluated using the two methods commonly used in New Zealand: first year rate of return and benefit cost ratio. The major problem of incorporating intangible benefits is discussed. An alternative method of evaluation is proposed which allows the benefits of a project to be discounted against its estimated cost and which allows the evaluator to incorporate benefits one at a time, starting with those benefits which are easily quantified and progressing to those which are less tangible. Examples of the alternative methods are given.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | benefits; costs; Evaluation; projects |
| Index terms: | capital cost, economic evaluation, case study, New Zealand |
| Subjects: | financial analysis, Geography, accounting and finance, data collection methods |
| Topics: | Business Strategy, Cost Management, Geographical Context, Research Practice |
| Descriptive scope: | 4 PCEA |
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