Review of global performance measurement and benchmarking initiatives

Recently, construction industry groups in several countries have initiated performance measurement and benchmarking programmes as business strategies to improve performance through comparisons to the best practices, and have been enjoying benefits from them. To draw implications for the Singaporean construction industry, this paper reviews seven global performance measurement and benchmarking initiatives, and two company initiatives, with cross-initiative comparisons. In addition, based on the discussions, an iterative framework is proposed for the performance measurement and benchmarking initiative in the Singaporean construction industry. Although the results are interpreted in the context of Singapore, the review provides an understanding of the existing performance measurement and benchmarking initiatives for students, practitioners and academics in other countries.