Construction The Third Way

This book describes current best practice in managing construction. It is based on case studies of leading practice responding to demands from customers that construction match the value and quality that international competition is forcing on their own businesses. The case studies show that major customers now partner with construction firms to find more efficient ways of working. The resulting best practice adds to these cooperative approaches a drive for efficiency and innovation based on benchmarks of world class performance that empower teams to set themselves competitive targets. So the new approach balances cooperation and competition. This is why Professor John Bennett's book is called ''Construction: The Third Way.'' The third way in modern politics balances the extremes of cooperation and competition in the interests of the whole community. At its best it encourages sustainable economic growth within a fair society. These aims are echoed in leading practice where teams able to balance cooperation and competition deliver better value for their customers and yet earn sustainably higher profits for construction. The new approach requires managers to rethink construction using ideas from fundamental science that see human organizations as self-organizing networks of relationships. This throws new light on the strengths and weaknesses of both competition and cooperation, and provides the basis for a new paradigm to guide key construction decisions. The book describes this background and provides advice about organization structures that are responsive to changing markets and technologies, and construction processes that enable the industry to earch fair profits by providing customers with the levels of value and quality they now demand.

The Third Way is said to be the guiding philosophy for New Labour and center-left parties and governments across the globe. Moving beyond attempts to define and defend the Third Way, this innovative collection embarks on a critical examination of this key concept. The editors draw on expert contributions from a range of disciplines and perspectives to dissect the Third Way in theory and in practice, assess its legacy and suggest alternatives. The book begins by reviewing attempts to define the Third Way. It then examines what the Third Way implies for our understanding of the economy and the state, before critically addressing the philosophical and practical implications of its attempt to use the term "community." The final section deconstructs Third Way rhetoric and discourse. The conclusion reviews how these critical insights might form a basis for alternative political projects.

Hereditary systems (or systems with either delay or after-effects) are widely used to model processes in physics, mechanics, control, economics and biology. An important element in their study is their stability. Stability conditions for difference equations with delay can be obtained using a Lyapunov functional. Lyapunov Functionals and Stability of Stochastic Difference Equations describes a general method of Lyapunov functional construction to investigate the stability of discrete- and continuous-time stochastic Volterra difference equations. The method allows the investigation of the degree to which the stability properties of differential equations are preserved in their difference analogues. The text is self-contained, beginning with basic definitions and the mathematical fundamentals of Lyapunov functional construction and moving on from particular to general stability results for stochastic difference equations with constant coefficients. Results are then discussed for stochastic difference equations of linear, nonlinear, delayed, discrete and continuous types. Examples are drawn from a variety of physical systems including inverted pendulum control, study of epidemic development, Nicholson’s blowflies equation and predator–prey relationships. Lyapunov Functionals and Stability of Stochastic Difference Equations is primarily addressed to experts in stability theory but will also be of use in the work of pure and computational mathematicians and researchers using the ideas of optimal control to study economic, mechanical and biological systems.

Making Sense of Construction Improvement provides a critical evaluation of the construction improvement debate from the end of the Second World War through to the modern era. The book offers unique insights into the way the UK construction sector is continuously shaped and re-shaped in accordance with changes in the prevailing political economy. This second edition brings the book up to date by including coverage of key trends from 2010–2023. The book has been substantially revised and reworked to include new material relating to the ‘age of austerity’ and the subsequent period of political uncertainty initiated by the Brexit referendum. Changes in the political economy are positioned alongside the rise of the sustainability agenda and the advent of ‘zero carbon’. Particular attention is paid to the ongoing skills crisis and the over-hyped advocacy of modern methods of construction (MMC) as the latest supposed panacea of industry improvement. Coverage includes the Farmer (2016) report Modernise or Die and the Construction Playbook (HM Government, 2020). However, perhaps the most important addition is a focus on the Grenfell Disaster (2017) and the subsequent revelations from the public enquiry. Further intermediate milestones include Building a Safer Future (Hackitt, 2018) and the Construction Sector Deal (HM Government, 2018). The emerging consensus points towards a systemic failure involving not only the construction sector but also the entire system of regulation and compliance. Tracing the failings back over time and scrutinising the role played by previous generations of policymakers, Stuart Green ultimately argues that Grenfell was a disaster entirely foretold. The insightful and critical analysis of the industry contained within these pages is essential and timely reading for anyone who wants to understand how the construction sector arrived at where it is today, and with that knowledge, give further thought to where it might go next.

An authoritative textbook on construction management offering a clear model for understanding theoretical aspects. The construction industry has become a truly global network of interconnected stakeholders making demands which require the involvement of skilled workforces from all over the world. Construction Management Strategies sets the foundations for understanding and managing construction’s inherent complexity and uniqueness. It establishes clear definitions of commonly accepted terms like built environment, construction, civil engineering, etc. which are often given confusing and conflicting interpretations. It cuts through the plethora of overlapping role titles currently used in the construction sector that make it difficult to establish how projects are actually managed. Construction Management Strategies: Offers a robust and consistent theoretical basis to explain the performance of the main approaches to construction management. Describes corporate and project management in construction as an integrated whole. Provides the basic toolkit a student needs to think through the practical situations they will later face. Helps bring the theory of construction management to international students who struggle to find a solid grounding in this complex and fragmented subject. Includes a companion website featuring a wealth of directly transferable examples for students, as well as PPT slides and topic discussion ideas for lecturers.

The new approach requires managers to rethink construction as human organizations with self-organizing networks of relationships. The book provides advice about organization structures that are responsive to changing markets and technologies, and construction processes that enable the industry to earn fair profits by providing customers with the levels of value and quality they now demand.

The book presents a mixed research method adopted to assess and present the Toyota Way practices within construction firms in general and for firms in China specifically. The results of an extensive structured questionnaire survey based on the Toyota Way-styled attributes identified were developed and data collected from building professionals working in construction firms is presented. The quantitative data presented in the book explains the status quo of the Toyota Way-styled practices implemented in the construction industry, as well as the extent to which these attributes were perceived for lean construction management. The book highlights all the actionable attributes derived from the Toyota Way model appreciated by the building professionals, but alerts the readers that some attributes felled short of implementation. Further findings from in-depth interviews and case studies are also presented in the book to provide to readers an understanding how these Toyota Way practices can be implemented in real-life projects. Collectively, all the empirical findings presented in this book can serve to enhance understanding of Toyota Way practices in the lean construction management context. The readers are then guided through to understand the gaps between actual practice and Toyota Way-styled practices, and the measures that they may undertake to circumvent the challenges for implementation. The book also presents to readers the SWOT analysis that addresses the strengths, weaknesses, opportunities and threats towards the implementation of the Toyota Way in the construction industry. The book prescribes the Toyota Way model for use in construction firms to strategically implement lean construction management. The checklist presented in the book enables readers to draw lessons that may be used additionally as a holistic assessment tool for measuring the maturity of firms with respect to their Toyota Way implementation. Consequent to this, management would then be in a better position to develop plans for Toyota Way implementation by focusing on weak areas, strengthening them, and thus increasing the likelihood of success in the implementation of the Toyota Way. In a nutshell, this book provides a comprehensive and valuable resource for firms not only in the construction industry but also businesses outside of the construction sector to better understand the Toyota Way and how this understanding can translate to implementation of lean construction/business management to enhance profitability and survivability in an increasingly competitive global market place.

The hospitality and construction industries are international economic drivers, with complex economic relationships and diverse legal issues. Cases and rulings are not static and move along a continuum in time and context. The evolution of legal agreements and disputes in hospitality and construction are not confined to any sort of strict schedule. This volume addresses the many cases and experiences of parties, counsel and arbitrators during the pandemic, and discusses issues such as key contract provisions, the impact of the COVID pandemic on investment treaties, and access to arbitral institutions.