Construction machinery hire rates deviation in Malaysia: an inflation rate effect analysis

Abstract Machinery has been used in the construction industry in both small- and large-scale projects for a long time. Machinery is one of the main resources of any construction projects and rates deviation within the hiring of the machinery can result in cost overrun of the project. This study has...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Ali Musarat,Muhammad, Salah Alaloul,Wesam, Liew,M. S.
Lenguaje:	English
Publicado:	Escuela de Construcción Civil, Pontificia Universidad Católica de Chile 2021
Materias:	machinery hire rates percentage deviation inflation rate correlation coefficient construction industry
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-915X2021000100091
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:scielo:S0718-915X2021000100091
record_format	dspace
spelling	oai:scielo:S0718-915X20210001000912021-05-19Construction machinery hire rates deviation in Malaysia: an inflation rate effect analysisAli Musarat,MuhammadSalah Alaloul,WesamLiew,M. S. machinery hire rates percentage deviation inflation rate correlation coefficient construction industry Abstract Machinery has been used in the construction industry in both small- and large-scale projects for a long time. Machinery is one of the main resources of any construction projects and rates deviation within the hiring of the machinery can result in cost overrun of the project. This study has been conducted to deal with the issue of deviating the machinery hire rates in the construction industry. The study accesses the machinery hire rates and aims to investigate the percentage deviation from 2013 to 2018. In this regard, statistical analysis was conducted to identify the influence of the inflation rate in deviating the machinery hire which results in cost overrun. Also, the interconnectivity of machinery hire rates was evaluated through the correlation coefficient. The analysis shows that the inflation rate possesses a weak relationship with nine and a moderate relationship with five machinery hire rates. However, the interconnectivity of the machinery hire rates was strongly correlated with each other, which emphasize that a change due to the influential factor will affect all the rates and can cause cost overrun. It is therefore recommended to observe other factors which deviate the machinery hire rates within the construction industry.info:eu-repo/semantics/openAccessEscuela de Construcción Civil, Pontificia Universidad Católica de ChileRevista de la construcción v.20 n.1 20212021-04-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-915X2021000100091en10.7764/rdlc.20.1.91
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	machinery hire rates percentage deviation inflation rate correlation coefficient construction industry
spellingShingle	machinery hire rates percentage deviation inflation rate correlation coefficient construction industry Ali Musarat,Muhammad Salah Alaloul,Wesam Liew,M. S. Construction machinery hire rates deviation in Malaysia: an inflation rate effect analysis
description	Abstract Machinery has been used in the construction industry in both small- and large-scale projects for a long time. Machinery is one of the main resources of any construction projects and rates deviation within the hiring of the machinery can result in cost overrun of the project. This study has been conducted to deal with the issue of deviating the machinery hire rates in the construction industry. The study accesses the machinery hire rates and aims to investigate the percentage deviation from 2013 to 2018. In this regard, statistical analysis was conducted to identify the influence of the inflation rate in deviating the machinery hire which results in cost overrun. Also, the interconnectivity of machinery hire rates was evaluated through the correlation coefficient. The analysis shows that the inflation rate possesses a weak relationship with nine and a moderate relationship with five machinery hire rates. However, the interconnectivity of the machinery hire rates was strongly correlated with each other, which emphasize that a change due to the influential factor will affect all the rates and can cause cost overrun. It is therefore recommended to observe other factors which deviate the machinery hire rates within the construction industry.
author	Ali Musarat,Muhammad Salah Alaloul,Wesam Liew,M. S.
author_facet	Ali Musarat,Muhammad Salah Alaloul,Wesam Liew,M. S.
author_sort	Ali Musarat,Muhammad
title	Construction machinery hire rates deviation in Malaysia: an inflation rate effect analysis
title_short	Construction machinery hire rates deviation in Malaysia: an inflation rate effect analysis
title_full	Construction machinery hire rates deviation in Malaysia: an inflation rate effect analysis
title_fullStr	Construction machinery hire rates deviation in Malaysia: an inflation rate effect analysis
title_full_unstemmed	Construction machinery hire rates deviation in Malaysia: an inflation rate effect analysis
title_sort	construction machinery hire rates deviation in malaysia: an inflation rate effect analysis
publisher	Escuela de Construcción Civil, Pontificia Universidad Católica de Chile
publishDate	2021
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-915X2021000100091
work_keys_str_mv	AT alimusaratmuhammad constructionmachineryhireratesdeviationinmalaysiaaninflationrateeffectanalysis AT salahalaloulwesam constructionmachineryhireratesdeviationinmalaysiaaninflationrateeffectanalysis AT liewms constructionmachineryhireratesdeviationinmalaysiaaninflationrateeffectanalysis
_version_	1714206313934749696

Construction machinery hire rates deviation in Malaysia: an inflation rate effect analysis

Ejemplares similares