• International conference on construction engineering and project management
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• 2005.10a
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• pp.875-880
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• 2005

This paper represents a partial outcome of a doctoral research undertaken at the University of Tokyo, Japan. The doctoral research looked on the phenomenology of innovation and its implications for the construction industry in Japan. This paper focuses on the perception of innovation by major Japanese construction clients and major Japanese construction firms. Among construction researchers innovation is a popular topic and no conference will miss covering the issue. After a period of very critical judgment on the ability of the construction sector to innovate and partially even frustration on the inflexibility of the sector, a much more positive attitude was taken. At present, most construction researchers would agree that the construction sector clearly is very innovative. That stands in contrast with how construction practitioners perceive their own sector. This paper presents the results of and empirical research in how construction clients and contractors in Japan perceive the issue of innovation. In fact the perceptions differ largely and give interesting insights on particularities of the Japanese construction sector and on the mismatch of clients and contractors perceptions.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2018.11a
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• pp.67-68
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• 2018

In the public sector, the number of interior construction projects is continuously increasing. When the interior construction is carried out, it is largely divided into design and construction stages. On the other hand, in order to place an order in the public sector, it requires institutional conditions such as business type, price criterion, award criteria, and guarantees. But in th case of interior design, it is necessary to establish a basis law to be applied for ordering. Therefore, this study analysed the necessity of improving the system related to the interior design order in the public sector and suggested ways to improve the system. In the future, we will continue to conduct research based on this research, and if institutional improvement is made through the proposed methodology, it will be possible to apply effectively not only in the public sector but also in the private sector.

• Safety and Health at Work
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• v.12 no.2
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• pp.277-281
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• 2021

Singapore's construction sector employs more than 450,000 workers. During the height of the COVID-19 pandemic in Singapore from April to June 2020, migrant workers were disproportionately affected, including many working in the construction sector. Shared accommodation and construction worksites emerged as nexuses for COVID-19 transmission. Official government resources, including COVID-19 epidemiological data, 43 advisories and 19 circulars by Singapore's Ministries of Health and Manpower, were reviewed over 8 month period from March to October 2020. From a peak COVID-19 incidence of 1,424.6/100,000 workers in May 2020, the incidence declined to 3.7/100,000 workers by October 2020. Multilevel safe management measures were implemented to enable the phased reopening of construction worksites from July 2020. Using the Swiss cheese risk management model, the authors described the various governmental, industry, supervisory and worker-specific interventions to prevent, detect and contain COVID-19 for safe resumption of work for the construction sector.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.425-432
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• 2009

The construction industry has been a main pillar and serves as a regulator of the Hong Kong economy. Subsequently, the fluctuations in the level of construction output can induce significant rippling effects to the economy. The Asian Financial Crisis started in 1997 and the SARS outbreak in 2003 both introduced major challenges and impacts to the Hong Kong economy and consequently the construction sector. Such decline in the importance of construction has suggested a possible structural change in the sector. It is worth investigating the driving forces behind the construction demand and see if they have changed after the heavy impacts in the past decade. The above considerations have, therefore, been the motivation of the present study to model the Hong Kong residential construction demand through multiple regression technique which can identify the significant influencing factors to the residential demand. The residential construction is studied as it constitutes a significant portion of the total construction volume. The residential sector has great influence to the general economy of Hong Kong. It is found that the underlying market structure and the driving factors for Hong Kong residential demand before and after the Asian Economic Crisis and SARS outbreak are different, suggesting that the residential construction sector or even the larger construction industry may have undergone a major structural change as Hong Kong's economy approaches maturity. It is also observed that the past literatures on construction demand are mostly focusing on predicting demand under a stable economic environment. Hence, it is worth examining if it is possible to model during economic hardship when the residential sector fluctuate dramatically under different external impacts, such as the recent global financial tsunami.

• Journal of the Korea Institute of Building Construction
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• v.12 no.3
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• pp.266-274
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• 2012

The annual expenditure on diesel oil and heavy oil in the construction sector is the second largest among all industrial sectors. To meet the government's greenhouse gas reduction targets, the construction sector has until 2020 to cut its emissions by 7.1%. Unlike other high-tech industrial sectors, the construction sector has a fairly limited scope for technological improvements, which hampers its capacity to achieve the reduction target. To reduce emissions, it is necessary to establish an energy and emissions strategy at the project planning stage, and energy use and the resulting emissions must be estimated. This research aims to establish an estimation methodology for greenhouse gas emissions at the planning stage of construction projects. To estimate the project-related emissions, this research indentified the relationship among the types of emissions in a cross-sectional matrix form, and then provided a set of calculation methods for total project related emissions.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2021.05a
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• pp.281-282
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• 2021

The construction industry is known for a large number of workers and its high employment inducing effect. Therefore, the survey on the wages of the construction industry is an important basic data for grasping fluctuations according to the survey cycle and establishing future policies, and it is a statistical data having a large impact on related industries. In this study, we intend to conduct a comparative analysis of 'the wage survey in Construction sector,' which is the representative nationally approved statistics that surveys the current construction industry wages, and 'the labor force survey of business establishment'.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.8
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• pp.281-287
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• 2020

In capital budgeting practices, investment project evaluations based on the net present value (NPV) and the internal rate of return (IRR) represent the traditional evaluation techniques. Compared with the traditional methods, the modified internal rate of return (MIRR) gives the opportunity to evaluate an investment in certain projet, while taking the changes in cash flows over time and issuing shares such as dividing shares, bonuses, and dividend for each end of the investment year into account. Therefore, this study aims to evaluate an investment in the Malaysian construction sector utilizing financial data for 39 public listed companies operating in the Malaysian construction sector over the period from Jan 1, 2007, to December 30, 2018, based on the MIRR method. Stochastic was studied in this study to estimate the estimated probability by applying the Markov chain model to the MIRR method where the transition matrix has two possible movements of either Good (G) or Bad (B). it is found that the long-run probability of getting a good investment is higher than the probability of getting a bad investment in the long-run, where were the probabilities of good and bad are 0.5119, 0.4881, respectively. Hence, investment in the Malaysian construction sector is recommended.

• Proceedings of the KSR Conference
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• 2011.05a
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• pp.511-514
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• 2011

The impact of greenhouse gas (GHG) emissions is the global issue over the world. Korean government has presented various policies to induce GHG reduction for the industries with high energy consumption such as power generation and chemistry. Construction sector has produced a large amount of GHG emissions resulted in the energy consumption of heavy equipments and the use of materials. This study aims to suggest the QA (Quality Assurance) and QC (Quality Control) method to identify and quantify the GHG emissions released from heavy equipments in the railroad construction sector. Generally, the accuracy and reliability of GHG inventory is dependent on the data collection. Therefore, it is necessary to mange the detailed statements for the fuel consumption of heavy equipments and the quantity of work in the field. Also, the breakdown of GHG emission sources should be recorded from the design step of railroad infrastructures. Based on these data, the GHG reduction technologies and polices can be applied in railroad construction sector.

• Korean Journal of Construction Engineering and Management
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• v.8 no.6
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• pp.167-177
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• 2007

For the continuous growth of the construction industry and the increase of the global competitiveness, research and development of construction technology is necessary. However, the R&D investment of Korean government for the construction industry is not sufficient compared with other countries and the various policies for encouraging construction R&D investment need to be improved too. This research focuses on the promotion of the construction R&D by the private sector that is one of the principal body of construction R&D and also the final user of the developed construction technology. This research suggests three promotion directions for the construction R&D by private sector; (1) the direction of creating better R&D investment climate, (2) the direction of increasing R&D investment amount, and (3) the direction of fostering R&D activities immediately.

• Proceedings of the KSR Conference
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• 2004.10a
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• pp.965-970
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• 2004

The private investment on the SOC facilities is a worldwide tendency since it can supplement the insufficient investment of public finance in the construction of infrastructures. Alter the formulation of private investment law, private sector's investment on roads, harbors and environmental facilities are being progressed considerably. However, railway construction by private sector is not active comparing to the former areas because of huge investment for construction but relatively low and unpredictable benefit in operation. This paper reviews the financial, social and institutional aspects on the private investment for SOC projects, especially railway projects. Also, this paper tries to find the desirable way to expedite the private investment on railway project,. Conclusively, the paper propose that the private sector in railway projects is better constituted with financial investor and the private financing could be. activated and settled if a stable minimum benefit on their investment being ensured institutionally, for example, by BTL.