A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Lags in government capital improvement projects: Empirical evidence from Hawaii
Abstract Since July 1968 the State of Hawaii has published projectspecific information on all state government capital improvement projects. These data have been analyzed in order to determine the length and variability of the planning lag-the lag between the release of funds for planning, engineering and architectural services and the authorization to call for bids- and the bid-start lag-the lag between the call for bids and the release of funds for construction. The average length of these two lags is close to 20 months. To this is added an 8 month average construction lag in order to obtain an estimated outside lag of 28 months. The inside lag-the legislative-institutional lag-is estimated to be 8 months so that the total lag is 3 years between initiation of project proposals and their completion. Not only is the duration of the lag long but it is also highly variable. These two considerations lend support to a Friedmantype decision rule: let stable growth rates be the objective for government expenditure on capital improvement projects.
Lags in government capital improvement projects: Empirical evidence from Hawaii
Abstract Since July 1968 the State of Hawaii has published projectspecific information on all state government capital improvement projects. These data have been analyzed in order to determine the length and variability of the planning lag-the lag between the release of funds for planning, engineering and architectural services and the authorization to call for bids- and the bid-start lag-the lag between the call for bids and the release of funds for construction. The average length of these two lags is close to 20 months. To this is added an 8 month average construction lag in order to obtain an estimated outside lag of 28 months. The inside lag-the legislative-institutional lag-is estimated to be 8 months so that the total lag is 3 years between initiation of project proposals and their completion. Not only is the duration of the lag long but it is also highly variable. These two considerations lend support to a Friedmantype decision rule: let stable growth rates be the objective for government expenditure on capital improvement projects.
Lags in government capital improvement projects: Empirical evidence from Hawaii
Mark, Shelley (author) / Seo, K. K. (author) / Peterson, Richard (author)
1975
Article (Journal)
English
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