Exploratory factors influencing building development costs in New Zealand

Linlin Zhao, Jasper Mbachu, Niluka Domingo

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Abstract

Identification of costs drivers and their influence level on building development costs play a key role in the development of construction models and improve the efficiency and effectiveness of any project. Forty-five indicators influencing building development costs in New Zealand are explored by literature review and pilot interviews. These indicators are grouped into seven categories. The determination and ranking of the cost drivers are carried out by a questionnaire survey distributed to key professionals working in New Zealand's construction industry. Structural equation modeling (SEM) software was employed for analysis of the collected data. One of the key advantages of this powerful software is to provide the p-value according to the structure of the research model. Findings of this study indicate that the property market and construction industry factor, statutory and regulatory factor, and socio-economic factors are major factors affecting building development costs in New Zealand.

Original languageEnglish
Article number57
Number of pages16
JournalBuildings
Volume7
Issue number3
DOIs
Publication statusPublished - 29 Jun 2017
Externally publishedYes

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Costs
Construction industry
Economics

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Exploratory factors influencing building development costs in New Zealand. / Zhao, Linlin; Mbachu, Jasper; Domingo, Niluka.

In: Buildings, Vol. 7, No. 3, 57, 29.06.2017.

Research output: Contribution to journalArticleResearchpeer-review

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