International comparisons of cost and productivity in construction: A bad example

Australasian Journal of Construction Economics and Building

Volumn 12, Issue 3, 2012, Pages 82-88

  Best, Rick ^a  

^a BOND UNIVERSITY   (Australia)

Author keywords

Construction costs; International comparisons; Productivity; Purchasing power parities

Indexed keywords

EID: 84866495285     PISSN: 18356354     EISSN: 18379133     Source Type: Journal    
DOI: 10.5130/ajceb.v12i3.2662     Document Type: Article

References (15)

1. BCA (2012) Pipeline or Pipe Dream? Securing Australia's Investment Future, Business Council of Australia http://www.bca.com.au/Content/101987.aspx
2. Best, R. (2008) The development and testing of a purchasing power parity method for comparing construction costs internationally, Unpublished PhD thesis, University of Technology, Sydney.
3. Best, R. and Langston, C. (2006) 'Converting construction costs to a common currency base: an unresolved problem', In: Proceedings of Construction in the XXIst Century: Local and Global Challenges. Rome, October 18-20
4. Davis Langdon (2012) The Blue Book, 14th edition, Davis Langdon, www.davislangdon.com/upload/StaticFiles/AUSNZ%20Publications/The%20Blue%20Book/Blue-Book-2012-FINAL.pdf
5. Forrestal, L. and Dodson, L. (2102) 'High costs could kill big projects' The Australian Financial Review, 7 June www.afr.com/p/national/high_costs_could_kill_big_projects_aujM8HwWPYsWPkwKh1t1DP
6. Hepworth, A. (2012) 'Local project costs 40pc above the US, says Business Council of Australia' The Australian, 7 June http://www.theaustralian.com.au/national-affairs/local-project-costs-40pc-above-the-us/story-fn59niix-1226386836012
7. ICP (2011) PPPs and exchange rates http://go.worldbank.org/C0E00HQFM0
8. NSI (2004) European Comparison Program, Methodological Notes, National Statistical Institute of Bulgaria, http://www.nsi.bg/GDP_e/ECP-Method.htm
9. OECD (2012) OECD. Stat Extracts: Prices and Purchasing Power Parities, Accessed 19 June 2012 http://stats.oecd.org/index.aspx?r=287888
10. thedition, Rawlhouse Publishers, Perth
11. The Economist (2012) Big Mac Index, Accessed 21 June 2012 http://www.economist.com/node/21542808
12. Turner & Townsend (2012) International construction cost survey 2012 http://www.turnerandtownsend.com/construction-cost-2012/_16803.html
13. Vermande, H. and van Mulligen, P-H. (1999) 'Construction costs in The Netherlands in an international context', Construction Management and Economics, 17, 269-283
14. Walsh, K. and Sawhney, A. (2002) International Comparison of Cost for the Construction Sector: Towards a Conceptual Model for Purchasing Power Parity. Report submitted to the World Bank Group, June 2002.
15. x-rates. com (2012) Monthly exchange rate average (American dollar, Australian dollar) www.x-rates/com