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Showing papers in "Construction Management Modernization in 2006"


Journal Article
Yang Gui1
TL;DR: In this article, a brief overview of the fundamental theory of Lean Construction, and then analyzes the application theory of it from four aspects: maximizing value, minimizing waste, managing flow and project delivery.
Abstract: Lean Construction, inspired from Lean Production, has been thought as a most efficient way to enhance the quality of construction product and the productivity of construction industry. This paper firstly establishes a brief overview of the fundamental theory of Lean Construction, and then analyzes the application theory of it from four aspects: maximizing value, minimizing waste, managing flow and project delivery. Then the paper concludes that Lean Construction is not a mature scientific theory currently and its foundation still needs more reinforcement. At present, most of the work has been dealing with the reduction of waste, a little work has been looking at Lean Construction principles and even less has addressed the issue of maximizing the value for the client. Finally future research fields are put forward.

3 citations


Journal Article
TL;DR: A new evaluating method, namely A+B+C+D+D evaluating bid method, is presented, followed by a preliminary exploitation.
Abstract: Evaluating bids is an important step in inviting public bidding, on which the specification of evaluating bids methods is its kernel However both the additional methods including rational low price method and comprehensively evaluating bid method have some deficiencies Based on the analysis of the evaluating bid practice, this paper presents a new evaluating method, namely A+B+C+D evaluating bid method, followed by a preliminary exploitation

1 citations


Journal Article
TL;DR: Wang et al. as discussed by the authors proposed a rational assumption in banking, there is an asymmetry between banks and borrowers to avoid risk, the implementation of higher interest rate at last brings a bigger risk in turn Thus, interest rate shift is supposed to be kept in a rational range.
Abstract: Change of mortgage interest rate has a great influence on price of property (real estate) On the other hand, the price of property is one of important factors in mortgage loan, which is much related to risk of mortgage loan With a rational assumption in banking, there is an asymmetry between banks and borrowers To avoid risk, the implementation of higher interest rate at last brings a bigger risk in turn Thus, interest rate shift is supposed to be kept in a rational range Uncertainty of risk of default leads banks to face risk loss Therefore banks should take measurements to avoid possible risks

1 citations


Journal Article
TL;DR: In this article, the authors discussed the concept of owner project management (OPM), gave an analysis on several current forms of OPM, gave the relative theory of business management gave the concept OPM System then discussed its establishment and operation factors, provided the resolution.
Abstract: This paper discussed the concept of Owner Project Management (OPM), gave an analysis on several current forms of OPM. Consulting relative theory of business management gave the concept of OPM System then discussed its establishment and operation factors, provided the resolution.

1 citations


Journal Article
He Qin1
TL;DR: In this article, the principal must pay highly attention to the risks of adverse selection and moral hazard, and take proper measures to avoid or control the risks based on the principal-agent and risk management theories.
Abstract: The government investing projects used agent construction, accomplished the professional management of the project and improved the investment benefits However, in order to make full use of agent construction, the principal must pay highly attention to the risks of adverse selection and moral hazard, take a few proper measures to avoid or control the risks based on the principal-agent and risk management theories

1 citations


Journal Article
Xing Yi1
TL;DR: In this paper, the four kinds of bid evaluation methods, which are preferential conferment to underbidding, comprehensive evaluation, optimal ratio between performance and price, and bill of quantity, are discussed respectively in the paper concerning their common formulation, the suitable range of application and their advantage as well as disadvantage.
Abstract: To put forward the civil project, the stage of biding and its evaluation is quite critical, the four kinds of bid evaluation methods, which are preferential conferment to underbidding, comprehensive evaluation, optimal ratio between performance and price, and bill of quantity, are discussed respectively in the paper concerning their common formulation, the suitable range of application, and their advantage as well as disadvantage. The existing problems are mentioned meanwhile some useful suggestions are given when using these methods.

1 citations