Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/8301
Title: Integration of financial and contract management on the Shanghai Expo construction program
Authors: Le, Y
Wang, Y 
Luo, C
Peng, Y
Keywords: Computer software
Construction costs
Contracts
International development
Project management
Issue Date: 2013
Publisher: American Society of Civil Engineers
Source: Journal of construction engineering and management, 2013, v. 139, no. 6, p. 738-748 How to cite?
Journal: Journal of construction engineering and management 
Abstract: The management of facility construction for hallmark events is critically important for their financial viability. However, little knowledge has been produced regarding the management of this type of construction. Based on the construction program for the Shanghai Expo 2010 and other cases reported in the literature, this paper provides an analysis of the common characteristics of construction for hallmark events, the challenges of financial management due to these characteristics, techniques to address these challenges, and lessons learned from the Expo construction. It is believed that one critical factor that contributes to the success of the Expo construction program is the integration of the financial management and contract management processes, assisted by a specifically designed computer program. The techniques used to integrate the two processes involve (1) mapping the program's work breakdown structure, cost breakdown structure, and contract breakdown structure; (2) integrating the information flow between the two processes; and (3) automation in information generation, dissemination, and storage. Areas that may be further improved in managing construction programs of a similar nature are also discussed.
URI: http://hdl.handle.net/10397/8301
ISSN: 0733-9364
EISSN: 1943-7862
DOI: 10.1061/(ASCE)CO.1943-7862.0000618
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