C HECKROODT 1 An evaluation of investment and investment decision-making in the construction industry in South Africa Abstract It seems out of a research survey carried out in South Africa, as well as the general stand of the civil engineering and construction industries over the past few years, fhat economical and political factors have a far greater influence on the growth of the industry than internal organisational factors. The risk associated with projects, seen within the broad spectrum of other internal and external risk factors, seems to be the biggest concern of investors and developers. Financing construction projects is the second highest factor, and can be of critical importance. The view should always be to improve the cost-effectiveness of the decision of how and what and when to invest. It is evident that the quantity surveyor and/or cost engineer has an important role to play in this regard. 'N EVALUASIE VAN BELEGGINGS EN BELEGGNGSBESLUIT- NEMING IN DIE SUID-AFRIKAANSE KONSTRUKSIEBEDRYF Opsomming Onlangse navorsing dui daarop dat ekonomiese en politieke faktore selfs 'n belangriker rol as interne organisatoriese faktore speel, in terme van groei in die konstruksiebedryf. Risiko's veral ten opsigte van die finansiering van konstruksie-projekte, speel 'n kritieke rol. Dit is hier waar koste-effektiwiteit en besluitneming ten opsigte van waar, wanneer en hoe beleggings gemaak word, 'n deurslaggewende rol speel. Die bourekenkundige en kosteingenieur kan 'n groot bydrae maak wat betref projek- en risikobestuur, uitvoerbaarheidstudies, koste-besnoeiings, en kontrole oor boumateriaal en -toerusting
- RQS. M(URP) BSc(QS) Dip Arch, MAQS, ASAIB, AAArb, MSAID, MIHSA. Senior Lecturer: Department of Civil Engineering and Building, Technikon Free State, Bloemfontein, South Africa. A paper read at the 15th International Cost Engineering Congres, Rotterdam (Netherlands), 1998.
Introduction
Factor influencing investment in construction projects
Risk and sensitivity
Project life evaluation
Investment decision-making
Extent of construction investment financing
Conclusion and References | 
