A comparative study of construction cost and commercial management services in the UK and China.

Perera, Srinath; Zhou, Lei; Udeaja, Chika; Victoria, Michele; Chen, Qijun

Abstract

Cost and commercial management processes and practices in different parts of the world vary significantly. In the UK and the British Commonwealth these practices are mainly market oriented and matured over several centuries. The effects of globalisation and impact of foregoing recession have led most UK based cost consultancies to expand overseas. In contrast China, the modern world's economic powerhouse is still transforming its construction industry from a communist quota based system to a market based system. UK-China cooperation agreements foster greater economic cooperation and professional mobility. This requires better understanding of systems and processes in both countries. There is a significant level of lack of common understanding of construction cost and commercial management systems of these two countries. Therefore, this research aims at mapping the UK Cost and Commercial Management systems to Chinese Engineering Cost Systems.

Citation

PERERA, S., ZHOU, L., UDEAJA, C., VICTORIA, M. and CHEN, Q. 2016. A comparative study of construction cost and commercial management services in the UK and China. London: RICS.

• Report Type: Research Report
• Online Publication Date: May 16, 2016
• Publication Date: May 31, 2016
• Deposit Date: Mar 20, 2018
• Publicly Available Date: Mar 20, 2018
• Publisher: Royal Institution of Chartered Surveyors (RICS)
• Keywords: Cost and commercial management; China; UK; Economic cooperation; Professional mobility; Management consultancy; Quality surveying and construction
• Public URL: http://hdl.handle.net/10059/2811