Project complexity is usually considered as one of main causes of cost overruns, resulting in poor performance and thus project failure. However, empirical studies focused on evaluating its effects on project cost remain lacking. Given this circumstance, this study attempts to develop the relationships between project cost and the multidimensional project complexity elements. We establish complexity as a multidimensional factor including the task, organization, market, legal, and environment complexities. This study uses an empirical evidence-based structural model to account for the relationships between project cost and project complexity. By doing so, a quantitative assessment of multi-dimensional project complexity has been developed. The findings suggest that task and organization complexities have direct effects on project cost, while market, legal and external environment complexities have indirect effects on project cost. The practical contribution is that the findings can improve the understanding of which dimension of complexity significantly influence project cost, and the need to focus efforts on strategically addressing that complexities.

Over the last two decades, residential buildings have accounted for nearly 50 percent of total energy use in New Zealand. In order to reduce household energy use, the factors that influence energy use should be continuously monitored and managed. Building researchers and professionals have made efforts to investigate the factors that affect energy use. However, few have concentrated on the association between household energy use and the cost of residential buildings. This study examined the correlation between household energy use and residential building cost. Analysis of the correlation between energy use data and residential building cost indicated that residential building cost in the construction phase and energy use in the operation stage were significantly correlated. These findings suggest that correct monitoring of building costs can help to identify trends in energy use. Therefore, this study proposes a time series model for forecasting residential building costs of five categories of residential building (one-story house, two-story house, townhouse, apartment, retirement village) in New Zealand. The primary contribution of this paper is the identification of the close correlation between household energy use and residential building costs and provide a new area for optimize energy management.

The New Zealand housing sector is experiencing rapid growth that boosts the national economy but also results in the loss of valuable resources. In line with the growth, the housing market for both residential and business purposes has been booming, as have house prices. To sustain the housing development, it is critical to accurately monitor and predict housing prices so as to support the decision-making process in housing sector. This study is devoted to applying a mathematical method to predict housing prices. The forecasting performance of two types of models: ARIMA and multiple linear regression analysis are compared. The ARIMA and regression models are developed based on a training-validation sample method. The results show that the ARIMA model generally performs better than the regression model. However, the regression model explores, to some extent, the significant correlations between house prices in New Zealand and the macro-economic conditions.

Construction projects are usually operating in a complex and dynamic environment in which the accumulation of many interrelated factors causes high uncertainty. Construction projects are complex and frequently involve substantial uncertainties including process complicatedness, intricate organization structure, dynamic environment, and financial strain. The study aims to categorize the influencing factors into three groups, namely construction project system, economic-market climate, and external environment. It attempts to adopt a novel analysis tool to examine the relationship between the project cost and multiple influencing factors by using Bayesian SEM. While the Bayesian SEM method has been receiving increasing attention in exploring the relationship between latent variables, construction studies still heavily rely on the covariance-based SEM approach. This study introduces several advantages of Bayesian SEM that make it more flexible and powerful than covariance-based SEM and provides the foundation of Bayesian SEM estimation and inference by illustrating this method in a project cost application.

Construction projects are usually operating in a complex and dynamic environment in which the accumulation of many interrelated factors causes high uncertainty. Construction projects are complex and frequently involve substantial uncertainties including process complicatedness, intricate organization structure, dynamic environment, and financial strain. The study aims to categorize the influencing factors into three groups, namely construction project system, economic-market climate, and external environment. It attempts to adopt a novel analysis tool to examine the relationship between the project cost and multiple influencing factors by using Bayesian SEM. While the Bayesian SEM method has been receiving increasing attention in exploring the relationship between latent variables, construction studies still heavily rely on the covariance-based SEM approach. This study introduces several advantages of Bayesian SEM that make it more flexible and powerful than covariance-based SEM and provides the foundation of Bayesian SEM estimation and inference by illustrating this method in a project cost application.

Highway alignment is an essential part of the highway planning and design phase. Highways are impacted by existing projects and surrounding context. The isolation of geo-technical analysis from highway planning and design also delays the planning process. This study therefore proposes a model that integrates building information modelling (BIM) and geographic information science (GIS) capabilities to facilitate the planning and design process. Semantic web technologies are used to integrate BIM and GIS data on a semantic level. The proposed model also helps to identify geohazards by providing geological analysis. The visualization of the proposed project can help reduce design errors and miscommunication, which, in turn, reduces project risk. In addition, the model facilitates highway alignment optimization by incorporating visualization, simulation, and analysis into the planning and design phase. The proposed model provides future opportunities for project professionals to have organized, reliable and dynamic ways to manage the project during construction.

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.

Improving the efficiency of the supply process in prefabricated components is challenging and requires accounting for a variety of risks involved in the management of the suppliers. The purpose of this study is to present a method to account for the systematic trade-offs between several supplier alternatives. A novel framework is presented for the whole assessment of supplier alternatives by taking advantage of the information extracted from customized building information modeling (BIM) and a database required for assessment of impacts. A data library related to assessment criteria for supply alternatives is built to facilitate the storage and sharing of information. Analytic hierarchy process (AHP) is used to select the optimal supplier that is able to provide the most satisfaction for the determined criteria. The proposed framework was also illustrated by the implementation in a mega project. The study implication is that BIM-enabled supplier selection can indeed lead to more benefits and higher values for all stakeholders.

Cost estimating based on building cost index plays an important role in project planning and management by providing accurate cost information. Recently, tremendous advances in cost estimating has been made but serious inaccuracies in it are still too frequently witnessed. This study aims to improve estimating accuracy for residential building costs in New Zealand. In this study, the New Zealand house prices index is involved in the transfer function models to produce forecasts of building costs for one-storey house, two-storey house, and town house in New Zealand. To demonstrate the effectiveness of the proposed models, this study compares the estimate results of the transfer function models with the univariate ARIMA models. The results indicate that the proposed transfer function models can achieve better outcomes than ARIMA models by considering the causality between building costs and New Zealand house prices. During the modelling process, the better cost estimation approach can be identified, and the movements of building costs are shown.