"This book will be of interest to a wide audience including professionals and academics working in the area of infrastructure / construction procurement and management."--BOOK JACKET.
This innovative Research Companion considers the history, nature and status of construction economics, and its need for development as a field in order to be recognised as a distinct discipline. It presents a state-of-the-art review of construction economics, identifying areas for further research.
This Handbook provides state-of-the-art scholarship in the emerging field of megaproject management. The 25 chapters cover all aspects of megaproject management, from front-end planning to project delivery, including how to deal with stakeholders, risk, finance, complexity, innovation, governance, ethics, project breakdowns, and scale itself.
Abstract: "This paper focuses on problems and their causes and cures in policy and planning for large infrastructure projects. First, it identifies as the main problem in major infrastructure development pervasive misinformation about the costs, benefits, and risks involved. A consequence of misinformation is massive cost overruns, benefit shortfalls, and waste. Second, the paper explores the causes of misinformation and finds that political-economic explanations best account for the available evidence: planners and promoters deliberately misrepresent costs, benefits, and risks in order to increase the likelihood that it is their projects, and not the competition's, that gain approval and funding. This results in the "survival of the unfittest," where often it is not the best projects that are built, but the most misrepresented ones. Finally, the paper presents measures for reforming policy and planning for large infrastructure projects, with a focus on better planning methods and changed governance structures, the latter being more important."--World Bank web site.
This book intends to initiate a fresh articulation of need-based infrastructure provisions in rural contexts. Departing from the conventional theories and practices of infrastructure planning and development applied in urban settings, the book presents a comprehensive suite of technical and non-technical indicators that rationalise fit-for-purpose planning, development, and operations of rural infrastructure. Drawing from global practices in public and private sectors and research-based evidence, a distinctive argument is put forward for promoting location-specific infrastructure development from effectiveness, practicality, affordability, and sustainability perspectives. The argument encompasses wider social, cultural, and economic contexts that are unique to rural settings and the book highlights a clear roadmap of how the UN’s sustainable development goals (SDGs) are at the core of developing rural communities with necessary infrastructure provisions that are purpose-built, affordable, risk averse, and resilient. This book will provide an overview of some of the little-understood and sometimes counter-intuitive best practices on rural infrastructure and value-based priorities that have emerged in uplifting rural communities in developing economies over the last 30 years. Drawing from the global literature and practice-based evidence across a complete spectrum of relevant disciplines, this book will provide readers with a clear articulation of the innovative ideas around harnessing rural potential, and empowering rural communities with added support in growth and progressive development in the context of interconnected infrastructure systems and improved living standards. It is key reading for development, planning, and infrastructure courses as well as professionals and researchers involved in international development, aid, and provision in rural areas.
World Development Report 1994 examines the link between infrastructure and development and explores ways in which developing countries can improve both the provision and the quality of infrastructure services. In recent decades, developing countries have made substantial investments in infrastructure, achieving dramatic gains for households and producers by expanding their access to services such as safe water, sanitation, electric power, telecommunications, and transport. Even more infrastructure investment and expansion are needed in order to extend the reach of services - especially to people living in rural areas and to the poor. But as this report shows, the quantity of investment cannot be the exclusive focus of policy. Improving the quality of infrastructure service also is vital. Both quantity and quality improvements are essential to modernize and diversify production, help countries compete internationally, and accommodate rapid urbanization. The report identifies the basic cause of poor past performance as inadequate institutional incentives for improving the provision of infrastructure. To promote more efficient and responsive service delivery, incentives need to be changed through commercial management, competition, and user involvement. Several trends are helping to improve the performance of infrastructure. First, innovation in technology and in the regulatory management of markets makes more diversity possible in the supply of services. Second, an evaluation of the role of government is leading to a shift from direct government provision of services to increasing private sector provision and recent experience in many countries with public-private partnerships is highlighting new ways to increase efficiency and expand services. Third, increased concern about social and environmental sustainability has heightened public interest in infrastructure design and performance.
This book aims to provide knowledge on how infrastructure is planned and built in a typical developing country, and what key variables are there in the system limiting the efficient use of public investments in infrastructure. The book begins with a comprehensive literature review on construction and economic development, and trade and economic development. The focus of the book is on the case of Vietnam, with lessons drawn for other developing economies. The book employs the mixed use of data to provide a stronger basis for analysis and interpretation of related government policies. Based on the research findings, the book recommends significant capacity building work for Vietnam to develop capacities that would remove constraints on the efficient use of public investments in infrastructure. The general principles of significant capacity building work which are useful for policy implications are introduced in the book. Analysts, academics, public and private communities in developing countries can adopt the research findings as guiding principles to bring about changes in their current use of public investments in infrastructure, thus supporting their trade and economic growth in the long term.
The spread of infrastructure requirements and variety in mechanisms used to secure contributions (infrastructure provision) from private sector was a reflection of the institutional framework in planning system. The study has identified that although both private and local authorities have a good understanding of the fundamental of concept of local infrastructure provision and the arguments for and against the use of private provision, there are still considerable areas of uncertainty surrounding the precise definition (as prescribed in the relevant legislations) and measurements of the key elements pertaining to local infrastructure. The findings revealed that the previous studies has tended to examine the nature of the practice of the infrastructure delivery within the framework of national economy and very little focus has been given to a comprehensive examination on how private developers can be involved in local infrastructure development. The primary problem is that there is no single framework available at the local level that might be considered or applied to secure infrastructure from private developers. The study then provides the parameters for securing contributions towards infrastructure provision. To achieve a complete understanding of this issue, it is necessary to appreciate the broader picture of what is required in terms of infrastructure for the operation of the urban environment.