John Lowe

John Lowe
Glasgow Caledonian University | GCU · Department of Construction and Surveying

BA(Econ), MA (Econ) (University of Manchester), BA (Open University), PhD (Heriot-Watt University)

About

47
Publications
36,560
Reads
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314
Citations
Citations since 2016
3 Research Items
171 Citations
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2016201720182019202020212022051015202530
Additional affiliations
September 1983 - July 1996
Heriot-Watt University
Position
  • Lecturer
September 1977 - July 1983
Aston University
Position
  • Lecturer
Education
February 1979 - December 1988
The Open University (UK)
Field of study
  • Mathematics and Statistics
October 1976 - September 1977
The University of Manchester
Field of study
  • Public Policy and Administration
October 1971 - July 1974
The University of Manchester
Field of study
  • Economic and Social Studies

Publications

Publications (47)
Preprint
Full-text available
London Gateway is a new container seaport that has recently opened on the Essex side of the Thames Estuary. It was originally conceived by P&O Ports in association with Shell UK but came into the ownership of Dubai-based DP World after a takeover. The economic issues that hit Dubai over the period 2006-10 caused problems. The port was funded using...
Conference Paper
Full-text available
ABSTRACT AND KEYWORDS Purpose of this paper: This is to evaluate the effect of cash flow on construction project delivery with a view to establish effective cash flow management in the construction industry. Design/methodology/approach: It is a desktop-based review and questionnaire distributed for the reasons for cash flow problems, effects an...
Article
Full-text available
p>The development and provision of road infrastructure in Nigeria has primarily been through the traditional forms of procurement strategies by the federal, state and local governments through budgetary allocations and door-financed loans and grants this thereby leaves the Nigerian road sector in a precarious situation. In recent time, with the dem...
Article
Full-text available
Previous attempts have been made to model cash flow forecast at the tender stage using net cash flow, value flow and cost flow approaches. Despite these efforts, significant variations between the actual and modelled forecasts were still observable. The main cause identified is the issue of risk inherent in construction. Using the cost flow approac...
Article
Full-text available
Purpose Significant risk factors inherent in construction cost flow forecast were identified in this study. The aim of this paper is to develop regression models to assess the impacts of the identified risks on the baseline forecast at the in‐progress stage of construction. Design/methodology/approach Two stages were involved in data collection. T...
Article
Full-text available
Purpose The purpose of this paper is to analyze the competition in the UK construction industry and the key sectors that supply it, thereby identifying the degree of industrial concentration affecting the construction product. Design/methodology/approach The research is based on Official Statistics giving details of the concentration ratios of 127...
Conference Paper
Full-text available
The Edinburgh tram project is one of the largest civil engineering projects in the country. It was originally projected to cost around £570 million but appears likely to exceed that by some margin. The project was affected by contractual disputes from the time that the main infrastructure contract was signed in May 2008. The construction has all bu...
Conference Paper
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Article
Full-text available
The petroleum sector plays an important role in the Nigerian economy, as it is the single largest revenue earner of the country and one of the largest contributors to the gross domestic product (GDP). This study estimated the impact of petroleum and gas revenue on the performance of the construction sector using a polynomial distributed lag model....
Article
Full-text available
The Edinburgh Tram project has proved to be politically contentious, complex, and problematical since preparatory work on services diversion commenced in 2007. The proposed network has been reduced to a single 18.5 km line linking Newhaven to Edinburgh Airport via Leith, Princes Street, Haymarket, Edinburgh Park and the Gyle. The main contract was...
Conference Paper
Full-text available
Proponents of open account contend that Foreign Direct Investment (FDI) promotes the growth of infrastructure through positive externalities. However empirical evidence on whether FDI promote growth in developing countries remains inconclusive. This paper investigates the comovement between FDI, the South African Construction Sector (SACS) output a...
Conference Paper
Full-text available
The construction industry has always tended to suffer a disproportionate share of both corporate insolvency and individual bankruptcy within Great Britain. This is particularly the case in the aftermath of economic recessions. The latest figures seem to indicate that almost a quarter of all corporate insolvencies in England and Wales involve Constr...
Conference Paper
Full-text available
Concern has been raised if the construction sector can cope with the demands currently being placed on it by the government and private sectors. This will paper identify three alternative definitions of the capacity limits of the UK construction sector. The economic limit on capacity is the point where the long-term cost curve rises as diseconomies...
Conference Paper
Full-text available
There have been considerable changes in the organization of the UK construction sector over the past fifty years. This paper will describe these changes attempt to explain them in terms of the framework of New Institutional Economics as developed by Oliver Williamson and others. This will focus on the procurement interface and also on the supply ch...
Article
Full-text available
Purpose The purpose of this paper is to identify and assess the extent of occurrence and impact of risk factors responsible for the variation between the forecast and actual construction cash flow. Design/methodology/approach The study was conducted through a structured questionnaire administered to UK contracting organizations. Adopting a project...
Chapter
Full-text available
This was an extract from a Journal Paper: John Lowe (1987) 'Monopoly and the materials supply industries of the UK, Construction Management and Economics, 5 , pp 57-71.
Conference Paper
Full-text available
Construction cash flow forecasting has attracted a lot of research interests over the last two decades. Researchers have employed forecasting methodologies, which include mathematical formula-based, statistical, computer simulation and artificial intelligence applications. In spite of the quantity of research efforts, accuracy of the forecast is st...
Conference Paper
Full-text available
Various 'short cut' approaches have been adopted in cash flow forecasting ranging from the statistical, mathematical, simulation and the use of artificial intelligence techniques. However, the majority of these approaches failed to consider the issues of risks and uncertainties inherent in construction. As such, a wide variation is observable betwe...
Article
Full-text available
2001) An evaluation of methodological issues for assessing risk impacts on construction cash flow forecast. Cash flow forecast is of great importance to construction contractors to prevent unsavoury consequences of liquidation and bankruptcy. Researchers over the last two decades have employed forecasting methodologies, which utilize the various el...
Conference Paper
Full-text available
Cash flow forecast is of great importance to construction contractors to prevent unsavoury consequences of liquidation and bankruptcy. Researchers over the last two decades have employed forecasting methodologies, which utilize the various elements of the cash flow equation. However, in spite of the quantity of research efforts, an accurate forecas...
Article
Full-text available
Various attempts have been made to model construction cash flow. However, in spite of these efforts, significant variations between the modelled cash flow profiles and the actual were observable. In previous research by the authors (Odeyinka and Lowe, 2000), it was found that the variations were due to uncertainties and risk factors inherent in con...
Conference Paper
Full-text available
Many models have been developed to assist contractors and clients in their cash flow forecasting. The majority of these have been based on standard cash flow S-curves, developed using the traditional manual approach, mathematical and statistical models. Many of these models failed to consider and analyse the factors responsible for the considerable...
Conference Paper
Full-text available
Labour productivity remains the most widely used measure of economic efficiency yet it has serious theoretical and practical difficulties particularly in the case of construction. This paper will address these problems and suggest approaches to overcome them. The model is illustrated by a case study of the UK construction sector over the period 194...
Article
Full-text available
This paper is an analytical and empirical study of insolvency in the UK construction industry. This is of interest because of the apparently disproportionate share of insolvency affecting UK construction. A number of hypotheses are generated and tested. The principle findings of the study are that cash flow factors appear to be largely responsible...
Article
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Thesis
Full-text available
This Thesis describes an approach to the development and testing of a model that can compare construction performance across time, space, and economic system. Labour and capital productivity measures as well as the multi-factor approach were evaluated. Capital productivity alone, as a 'pure' financial ratio, appears able to deal with the key proble...
Article
In this paper we propose a model capable of providing assistance to the construction client in predicting and managing project cash flow so as to keep capital expenditure within any predetermined limit or budget figure. The specific problems associated with this domain are identified in terms of knowledge level descriptions. Issues concerned with k...
Article
Full-text available
This paper examines the role of the postgraduate master of science in construction management/project management as a means of promoting interdisciplinary education and training for professionals from the construction and development industries with emphasis on mature students. While any program that accepts students from such a diverse set of prof...
Article
Full-text available
The study of technological change and productivity in the construction industry requires the development of some measure of the fixed capital stock available to the industry. There are serious theoretical and methodological weaknesses in the traditional neo-classical approaches to valuation of the capital stock. This paper is intended to overcome s...
Conference Paper
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Article
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Productivity in the use of resource inputs is of critical importance to the construction industry. This paper is intended to discuss the relative merits of the most commonly used measures of productivity for the purpose of assessing the productive and allocative efficiency of construction in the 1980s.The paper concludes that the total factor produ...
Article
Full-text available
This paper represents a statistical analysis of the impact of political control and authority type on the nature and scale of Local Authority Direct Labour Organisations in the UK. This will also endeavour to test the underlying assumptions behind legislative action governing direct labour in the 1980 Local Government, Planning, and Land Act. The s...
Article
Full-text available
The materials supply industries of the UK provide some good illustrations of uncompetitive market structures. The purpose of this paper is to analyse selected materials supply industries so as to highlight the reasons for this particular market structure and the extent to which the construction industry has suffered because of this and is likely to...
Article
Full-text available
Paper published in Chartered Quantity Surveyor
Article
Full-text available
Given the balance of trade problems suffered by many developing countries, it is not suprising that a number have resorted to import substitution in attempting to overcome this. Shortage of foreign exchange has a major impact on the provision of housing because of shortage of those building materials which are not produced in sufficient quantities...

Questions

Question (1)
Question
I am trying to access data on working capital (inventories, stocks, etc) across industries for the UK.
All I can find is the annual change which is published in the Supply and Use Tables.
I recall when I was working on my PhD thirty years back that the Blue Book published estimates of all working capital. Then, it was replaced by by annual change. I was able to work around this by using the changes and the previous figures to estimate the inventory for the last two or three of my analysis.
If anyone has any ideas where I might access estimates for working capital (in particular for Construction) from official or unoffical sources, I will be grateful?

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