Year 2018, Volume 3 , Issue 2, Pages 107 - 117 2018-08-30

Trend Analysis of Final Construction Prices: The Turkish Case

Savaş BAYRAM [1]


The 2003 year is accepted as a milestone in the Turkish procurement system. About fifteen years ago, the Public Procurement Law, nr. 4734 enacted instead of the State Procurement Law, nr. 2886. Although the current law was enacted with high expectations, e.g. prevention of the waste of public resources, the number of benchmark field studies conducted under this amendment is limited. Construction works constitute majority of the Turkish public procurements in monetary terms. This study investigates the trend analysis of the construction prices of public projects. The sample consist a total of 461 public building projects. 272 of these projects were procured in accordance with the State Procurement Law, nr. 2886 and 189 were procured in accordance with the Public Procurement Law, nr. 4734. These projects were completed in three metropolitans of Turkey as; Adana, Ankara and Gaziantep. Data of; completion month-year, contract price and final price of all these projects were collected. Trend analysis of the construction prices of the projects were performed separately for both procurement laws using Mann-Kendall analysis and Spearman's rho analysis. Increasing trends have been observed for both contract prices and final prices of the building projects. It was found that the signs of the financial crisis lived in November 2000 and February 2001 in Turkey could be read much earlier in the Turkish construction sector investments.
Construction works, final price, Mann-Kendall, procurement, Spearman's rho, trend analysis
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Primary Language en
Subjects Mathematics
Journal Section Research Article
Authors

Orcid: 0000-0002-0153-6750
Author: Savaş BAYRAM (Primary Author)
Institution: ERCİYES ÜNİVERSİTESİ, MÜHENDİSLİK FAKÜLTESİ
Country: Turkey


Dates

Publication Date : August 30, 2018

Bibtex @research article { jetas442642, journal = {Journal of Engineering Technology and Applied Sciences}, issn = {}, eissn = {2548-0391}, address = {Yıldız Teknik Üniversitesi, Kimya Metalurji Fakültesi, Mathematik Mühendisliği, oda no:A235}, publisher = {Muhammet KURULAY}, year = {2018}, volume = {3}, pages = {107 - 117}, doi = {10.30931/jetas.442642}, title = {Trend Analysis of Final Construction Prices: The Turkish Case}, key = {cite}, author = {BAYRAM, Savaş} }
APA BAYRAM, S . (2018). Trend Analysis of Final Construction Prices: The Turkish Case. Journal of Engineering Technology and Applied Sciences , 3 (2) , 107-117 . DOI: 10.30931/jetas.442642
MLA BAYRAM, S . "Trend Analysis of Final Construction Prices: The Turkish Case". Journal of Engineering Technology and Applied Sciences 3 (2018 ): 107-117 <https://dergipark.org.tr/en/pub/jetas/issue/39292/442642>
Chicago BAYRAM, S . "Trend Analysis of Final Construction Prices: The Turkish Case". Journal of Engineering Technology and Applied Sciences 3 (2018 ): 107-117
RIS TY - JOUR T1 - Trend Analysis of Final Construction Prices: The Turkish Case AU - Savaş BAYRAM Y1 - 2018 PY - 2018 N1 - doi: 10.30931/jetas.442642 DO - 10.30931/jetas.442642 T2 - Journal of Engineering Technology and Applied Sciences JF - Journal JO - JOR SP - 107 EP - 117 VL - 3 IS - 2 SN - -2548-0391 M3 - doi: 10.30931/jetas.442642 UR - https://doi.org/10.30931/jetas.442642 Y2 - 2018 ER -
EndNote %0 Journal of Engineering Technology and Applied Sciences Trend Analysis of Final Construction Prices: The Turkish Case %A Savaş BAYRAM %T Trend Analysis of Final Construction Prices: The Turkish Case %D 2018 %J Journal of Engineering Technology and Applied Sciences %P -2548-0391 %V 3 %N 2 %R doi: 10.30931/jetas.442642 %U 10.30931/jetas.442642
ISNAD BAYRAM, Savaş . "Trend Analysis of Final Construction Prices: The Turkish Case". Journal of Engineering Technology and Applied Sciences 3 / 2 (August 2018): 107-117 . https://doi.org/10.30931/jetas.442642
AMA BAYRAM S . Trend Analysis of Final Construction Prices: The Turkish Case. jetas. 2018; 3(2): 107-117.
Vancouver BAYRAM S . Trend Analysis of Final Construction Prices: The Turkish Case. Journal of Engineering Technology and Applied Sciences. 2018; 3(2): 117-107.