Abstract: “Bad profits” have been identified as the cause of more than one‐half of all business failures in construction. To improve the profitability of the construction contractors, the Fair and Reasonable Markup (FaRM) is defined ...

Abstract: Construction business failures increased from 0.20% in 1979 to 1.12% in 1984. To improve profitability, fair and reasonable markup (FaRM) was defined as the smallest markup satisfying required rate of return (RRR). The Tax ...

Abstract: Proper equipment selection can yield substantial savings in time and cost. MicroCYCLONE simulation package is used to verify the FLEET queuing program. FLEET models multiloader‐truck systems using exponential distribution ...

Abstract: The Fair and Reasonable Markup (FaRM) is the smallest markup that satisfies the Required Rate of Return (RRR) of the contractor for the particular (or at least the general risk‐class of) project at hand. The model is based ...

Abstract: Construction risk is exposure to possible economic loss arising from involvement in the construction process. A unified‐field‐theory classification of the risk‐adjusted discount rate (RADR) methods demonstrates that modern ...

Abstract: Business failure in the construction industry is an important research issue for forecasting the financial status of a company. The construction industry in the United States has several unique characteristics that sharply ...

Abstract: Progress is the result of creative ideas and innovative activities. Successful organizations rely on their creative employees to develop new products and services that provide them with a competitive edge in the marketplace. ...