Advances in Civil Engineering / 2019 / Article / Tab 3

Research Article

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

Table 3

Measurement model results and reliability test results.

VariablesAbbr.Standard coefficientsCronbach’s alpha

Project characteristics factorPCF0.692
Site accessibilityPCF10.876
Project complexityPCF20.905
Supply chainPCF30.889
Contract selectionPCF40.008
Novel technologyPCF50.039

Key stakeholders’ perspectivesKSP0.787
ClientsKSP10.898
ConsultantsKSP20.909
ContractorsKSP30.876
Building officersKSP40.683
SuppliersKSP50.074

Market and industry conditionsMIC0.745
Resource marketsMIC10.899
Competition levelMIC20.908
Market propertiesMIC30.896
Boom and bust cycleMIC40.897
Relationship of supply and demandMIC50.872
Investment tendency and confidenceMIC60.153
House sell and rental pricesMIC70.142

Regulatory regimeRR0.813
Building codesRR10.881
Health and safety regulationsRR20.883
Political policyRR30.871
Financial regulationsRR40.851
Construction contract actRR50.879

Macroeconomic dynamicsMED0.745
Global economic trendsMED10.778
Global political stabilityMED20.799
Natural forcesMED30.816
EmploymentMED40.689
PopulationMED50.693
Labor costMED60.732
Economic inflationMED70.070
Exchange rateMED80.111

Project costPC0.756
Capital construction costPC10.772
Associated capital costPC20.684
Client’s other costPC30.715

The removed measurement indicators in the final model.

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