Socioeconomic Accounting in Construction

Abstract

The results of a survey, which reports the degree of involvement construction companies have in specific social activities and how construction companies quantify and report the results of these activities, are presented. Special consideration is paid to education, employment and training, civil rights and equal opportunity, urban renewal and development, pollution abatement, conservation and recreation, culture and the arts, medical care, and government. The responses from the survey showed that most companies were very involved in a few specific activities in the areas of civil rights, equal opportunity, and pollution abatement, but were only moderately involved in most other activities. Additionally, most construction companies did not quantify and report the results of their activities. To conclude, an overview of trends in the area is discussed and the relevance of socioeconomic accounting to project management is presented.