Open Conference Systems, 6th Nordic Conference on Construction Economics and Organisation

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CIVIL ENGINEERING DRIVERS AND INDICATORS
Eero Nippala

Last modified: 2011-03-05

Abstract


Once a closed market, civil engineering is now genuinely opening up. In the past, forecasting the industry has consisted mainly of assessing the public sector's budget realisation, but now there is a gradual move towards a market-based model, introducing an opportunity to assess the construction market by means of market research. The opening and globalisation of the market also presents additional information needs and needs to indentify the pieces of information that best predict future development.
The research question has been to define future development of the civil engineering markets. The key indicators have been chosen for several reasons, the main reason being that despite the availability of some longitudinal data statistics remain, on the whole, inadequate. The used method on analysing the change is contextualism, in other words, studying long-term process in their context.
In a closed market, activities are planned according to the available resources. In an open market, demand depends on the needs of customer industries and on financial considerations. The most important indicators for forecasting civil engineering construction are public sector budget, private sector outsize projects and GDP change.