A proposed framework for measuring future construction industry performance

David Chandler, Mary Hardie, Srinath Perera, Craig Ashley Langston

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

Abstract

[Extract] Measuring construction performance improvement is the new frontier in observing transformations that will, in the future, redefine the global construction
industry. Establishing industry-wide performance measures that provide a line of
sight for governments, industry stakeholders and clients to effectively monitor
and interpret the many claims made about achievements in this area prove elusive. Despite little disputation over the potential for construction performance to
be improved, the necessary connections to make this happen have not yet been
able to fully align (Holt and Goulding 2016).
There are three main forces threatening to reshape today’s construction industry. These explain why new performance measures are now important and necessary. They are:
1. construction fully engaged with the digital economy;
2. construction rapidly becoming industrialised; and
3. construction being organised and procured in a more dynamic global
marketplace.
Construction in the near future will be characterised by construction firms
that embrace the above forces and adapt accordingly. In this context, modern
constructors need tools to demonstrate they are measurably better than their
traditional construction counterparts. This will lead to tangible benefits for construction’s future customers
Original languageEnglish
Title of host publicationAccounting for construction
Subtitle of host publicationFrameworks, productivity, cost and performance
EditorsRick Best, Jim Meikle
Place of PublicationAbingdon
PublisherRoutledge
Chapter12
Pages215-234
Number of pages20
ISBN (Electronic)978-1-315-231187-5
ISBN (Print)978-1-138-29397-7
Publication statusPublished - 11 Apr 2019

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Cite this

Chandler, D., Hardie, M., Perera, S., & Langston, C. A. (2019). A proposed framework for measuring future construction industry performance. In R. Best, & J. Meikle (Eds.), Accounting for construction: Frameworks, productivity, cost and performance (pp. 215-234). Abingdon: Routledge.
Chandler, David ; Hardie, Mary ; Perera, Srinath ; Langston, Craig Ashley. / A proposed framework for measuring future construction industry performance. Accounting for construction: Frameworks, productivity, cost and performance. editor / Rick Best ; Jim Meikle. Abingdon : Routledge, 2019. pp. 215-234
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Chandler, D, Hardie, M, Perera, S & Langston, CA 2019, A proposed framework for measuring future construction industry performance. in R Best & J Meikle (eds), Accounting for construction: Frameworks, productivity, cost and performance. Routledge, Abingdon, pp. 215-234.

A proposed framework for measuring future construction industry performance. / Chandler, David; Hardie, Mary; Perera, Srinath; Langston, Craig Ashley.

Accounting for construction: Frameworks, productivity, cost and performance. ed. / Rick Best; Jim Meikle. Abingdon : Routledge, 2019. p. 215-234.

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

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N2 - [Extract] Measuring construction performance improvement is the new frontier in observing transformations that will, in the future, redefine the global constructionindustry. Establishing industry-wide performance measures that provide a line ofsight for governments, industry stakeholders and clients to effectively monitorand interpret the many claims made about achievements in this area prove elusive. Despite little disputation over the potential for construction performance tobe improved, the necessary connections to make this happen have not yet beenable to fully align (Holt and Goulding 2016).There are three main forces threatening to reshape today’s construction industry. These explain why new performance measures are now important and necessary. They are:1. construction fully engaged with the digital economy;2. construction rapidly becoming industrialised; and3. construction being organised and procured in a more dynamic globalmarketplace.Construction in the near future will be characterised by construction firmsthat embrace the above forces and adapt accordingly. In this context, modernconstructors need tools to demonstrate they are measurably better than theirtraditional construction counterparts. This will lead to tangible benefits for construction’s future customers

AB - [Extract] Measuring construction performance improvement is the new frontier in observing transformations that will, in the future, redefine the global constructionindustry. Establishing industry-wide performance measures that provide a line ofsight for governments, industry stakeholders and clients to effectively monitorand interpret the many claims made about achievements in this area prove elusive. Despite little disputation over the potential for construction performance tobe improved, the necessary connections to make this happen have not yet beenable to fully align (Holt and Goulding 2016).There are three main forces threatening to reshape today’s construction industry. These explain why new performance measures are now important and necessary. They are:1. construction fully engaged with the digital economy;2. construction rapidly becoming industrialised; and3. construction being organised and procured in a more dynamic globalmarketplace.Construction in the near future will be characterised by construction firmsthat embrace the above forces and adapt accordingly. In this context, modernconstructors need tools to demonstrate they are measurably better than theirtraditional construction counterparts. This will lead to tangible benefits for construction’s future customers

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BT - Accounting for construction

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Chandler D, Hardie M, Perera S, Langston CA. A proposed framework for measuring future construction industry performance. In Best R, Meikle J, editors, Accounting for construction: Frameworks, productivity, cost and performance. Abingdon: Routledge. 2019. p. 215-234