Preprint Article Version 1 This version is not peer-reviewed

Exploratory Factors Influencing Building Development Costs in New Zealand Using SEM

Version 1 : Received: 28 April 2017 / Approved: 28 April 2017 / Online: 28 April 2017 (05:22:10 CEST)

A peer-reviewed article of this Preprint also exists.

Zhao, L.; Mbachu, J.; Domingo, N. Exploratory Factors Influencing Building Development Costs in New Zealand. Buildings 2017, 7, 57. Zhao, L.; Mbachu, J.; Domingo, N. Exploratory Factors Influencing Building Development Costs in New Zealand. Buildings 2017, 7, 57.

Journal reference: Buildings 2017, 7, 57
DOI: 10.3390/buildings7030057

Abstract

Identification of costs drivers and their influence level on building development costs play a key role in the development of construction models and improve the efficiency and effectiveness of any project. Forty-five indicators influencing building development costs in New Zealand are explored by literature review and pilot interviews. These indicators are grouped into seven categories. The determination and ranking of the cost drivers are carried out by a questionnaire survey distributed to key professionals working in New Zealand’s construction industry. Structural equation modeling (SEM) software was employed for analysis of the collected data. One of the key advantages of this powerful software is to provide the p-value according to the structure of the research model. Findings of this study indicate that the property market and construction industry factor, statutory and regulatory factor, and socio-economic factor are major factors affecting building development costs in New Zealand.

Subject Areas

influencing factors; building development costs; New Zealand; structural equation modeling

Readers' Comments and Ratings (0)

Leave a public comment
Send a private comment to the author(s)
Rate this article
Views 0
Downloads 0
Comments 0
Metrics 0
Leave a public comment

×
Alerts
Notify me about updates to this article or when a peer-reviewed version is published.