A SURVEY OF THE PERCEPTION OF QUANTITY SURVEYORS REGARDING TENDER-PRICE INDICES IN SOUTH AFRICA
Main Article Content
Keywords
building industry, quantity surveying, tender-price index
Abstract
Different indices are encountered in the building industry for use by built environment professionals, such as input-price indices, output-price indices and seller’s-price indices. Currently there is only one tender-price index (or output-price index) that is published on a regular basis in South Africa, through the University of Stellenbosch Bureau of Economic Research (BER) building cost index. This article is based on information gathered from two questionnaire surveys conducted among quantity surveyors in South Africa regarding their perception of tender-price indices (TPI) in South Africa. The research findings indicate that a TPI is an important tool for use by quantity surveying practices. One of the problems related to the accuracy of the BER index is the lack of information provided by quantity surveying practices. A suggested remedy for this problem can be the involvement of the ASAQS. There may be room for a new, alternative TPI, based on recent information, in the South African building industry.
Article Metrics Graph
References
Ashworth, A. (1991). Cost studies of buildings. Longman group Ltd, UK.
Building Cost Information Services (2013). www.bcis.co.uk. Accessed: April 2013
Brümmer, D.G. (2003). Quantity surveyors to keep BER indices relevant. Quest, newsletter of the Association of South African Quantity Surveyors. November 2003.
Davis Langdon Management Consultancy. (2008). Report: Review of BERR construction price and cost indices. London, March 2008.
Eurostat. (2008). European price statistics: an overview. European Commission. Eurostat statistical books, Luxembourg. 2008 edition.
Fleming, M.C. & Tysoe, B.A. (1991). Spon’s construction and price indices handbook. 1st Edition. E & f.n. Spon, London, UK.
Hitch, T. (2014). An investigation to determine whether the building cost index produced by the Bureau of Economic Research accurately measures changes in tender prices. Unpublished BSc (Honours) (QS) dissertation, Department of Civil Engineering, Surveying and Construction, University of Kwa-Zulu-Natal, South Africa.
Kilian, W.F. (1980). An assessment of the BER building cost index. Building survey no. 44, January 1980. University of Stellenbosch, South Africa.
Marx, H.J. 2005). Correctness of the BER building cost index. Research report: Department of Quantity Surveying and Construction Management, University of the Free State, Bloemfontein, South Africa.
McCabe, B.Y, O’Grady, J.O. and Walker, F.A. (2002). A study of construction cost sources. Proceedings of the annual conference of the Canadian Society for Civil Engineering. Montreal, Canada. June 2002.
Seeley, I.H. (1996). Building economics (4th Edition). Macmillan Press Ltd. London, UK.
Statistics Norway. (2007). Construction price indices and house and property indices 2006: results and methods. Oslo, Norway.
Van der Walt, P. (1992). ‘n Kontrakprysindeks vir geboue in die Republiek van Suid- Afrika. Unpublished PhD thesis, University of Pretoria, South Africa.
Yu, M.K.W. and Ive, G. (2006). A survey of building price indices compilation methods in Britain. Proceedings of the annual research conference of the Royal Institution of Chartered Surveyors. September 2006, University College of London, UK.
Article Sidebar
Article Details
The Journal of Construction Project Management and Innovation (JCPMI) is committed to the principles of Open Access publishing and upholds the ethos of freely disseminating research findings to enhance knowledge and understanding within the field of construction project management and innovation.
In accordance with our commitment to open scholarly communication, all articles published by JCPMI are licensed under the Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC). This licensing agreement allows others to distribute, remix, adapt, and build upon the work non-commercially, as long as the original author and source are credited. The license also ensures that authors retain copyright over their work while allowing the wider community to access, use, and build upon the content.
The terms of the CC BY-NC license are designed to facilitate the following:
- Attribution: Users must give appropriate credit, provide a link to the license, and indicate if changes were made. This can be done in any reasonable manner, but not in any way that suggests the licensor endorses the user or their use.
- Non-Commercial: Users may not use the material for commercial purposes.
- No Additional Restrictions: Users may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
By publishing with JCPMI, authors agree to these terms and ensure that their work is accessible and reusable under the conditions of the CC BY-NC license, thereby contributing to the ongoing exchange of knowledge and information in an Open Access environment.
Creative Commons CC Attribution-NonCommercial 4.0 International Public License