Hassanein, A A G and Khalil, B N L (2006) Building Egypt 1: a general indicator cost index for the Egyptian construction industry. Engineering, Construction and Architectural Management, 13(5), pp. 463-480. ISSN 0969-9988
Abstract
Purpose - The aim of this article is to develop a cost index to serve as a price indicator for the Egyptian construction industry. Design/methodology/approach - The model (Egypt 1 indices) developed for building the indices in this paper has been derived based on the "Engineering News Record" (ENR) indices model with modifications to better suit the Egyptian market. Egypt 1 indices are comprised of three indices, which serve as a general construction price indicator for the construction industry price movement in Egypt. The period analyzed in this research is 11 years (1988 through 1998). Findings - Validation of Egypt 1 indices numbers produced in this paper showed that each index does indeed represent the respective type of building for which it was computed. Further, the analysis of Egypt 1 indices compared to the ENR indices revealed that both indices exhibited trends that are generally similar from the year 1992 up to 1998 (the last year included in this study). Originality/value - This research has the potential to introduce the use of construction cost indices and to put these into practice. This should help aid contractors and other construction parties operating in Egypt with an adequate tool for pricing and estimation of projects.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction industry; Egypt; management accounting; pricing; project management |
| Index terms: | methodology, validation, management accounting, movement, Egypt, construction industry, project management, pricing, construction cost, estimation, cost index |
| Subjects: | industry analysis, professional development, project management theory and practice, Geography, research methods, financial and cost management, economic analysis, health behaviours and lifestyles |
| Topics: | Information Management, Project Management, Geographical Context, Research Practice, Cost Management, Business Strategy |
| Descriptive scope: | 3 PCT |
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