Advances in Civil Engineering / 2019 / Article / Tab 1

Research Article

New Zealand Building Project Cost and Its Influential Factors: A Structural Equation Modelling Approach

Table 1

Categories of the influential factors.

ConstructMeasurement instrumentSource

Project characteristics factor (PCF)Site accessibility[4750]
Project complexity
Procurement methods
Contract selection
Novel technology

Key stakeholders’ perspectives (KSP)Clients[5156]
Consultants
Contractors
Building officers
Suppliers

Market and industry conditions (MIC)Resource market[5761]
Competition level
Boom and bust cycle
Relationship of supply and demand
Market properties
Investment tendency and confidence
House sell and rental prices

Regulatory regime (RR)Building codes[6265]
Health and safety regulations
Political policy
Financial regulations
Construction contract act

Macroeconomic dynamics (MED)Global economic trends[6672]
Global political conditions
Natural forces
Employment
Population
Labor cost
Economic inflation
Exchange rate

Project cost [68]Capital construction cost[17]
Associated capital cost
Client’s other costs

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