Value in construction : an international study

Lee, A; Barrett, PS

Abstract

The concept of value is now entrenched in construction. The multiple meanings of the word ‘value’ in English – ranging all the way from value as an ethical stance, to value as in monetary amounts – aptly allows many diverse interests and concerns to be encompassed within the overarching theme. This paper discloses if the construction industry delivers value for its stakeholders through the results of an international survey questionnaire. In doing so, it lists the barriers and enablers for gaining value in construction which in turn forms a research agenda to bring about an improved and valued industry. The survey was administered in 5 countries (Australia, Canada, Singapore and USA than the UK) and across 4 stakeholder groups: organisations directly within the industry, such as contractors and architects, and also those who are usually considered as indirectly involved, such as clients/ end-users and manufacturers/ suppliers.

Citation

Lee, A., & Barrett, P. (2006). Value in construction : an international study. International Journal of Construction Management, 6(2), 81-95. https://doi.org/10.1080/15623599.2006.10773089

• Journal Article Type: Article
• Publication Date: Jan 1, 2006
• Deposit Date: Dec 19, 2008
• Journal: International Journal of Construction Management
• Print ISSN: 1562-3599
• Publisher: Taylor and Francis Group
• Peer Reviewed: Peer Reviewed
• Volume: 6
• Issue: 2
• Pages: 81-95
• DOI: https://doi.org/10.1080/15623599.2006.10773089
• Keywords: value, construction industry, stakeholder, survey questionnaire
• Publisher URL: http://dx.doi.org/10.1080/15623599.2006.10773089
• Related Public URLs: http://www.tandfonline.com/toc/tjcm20/current