ABSTRACT
This chapter examines an accounting procedure for measuring time wastage in the construction industry. The implementation of the Just in Time philosophy in the construction industry should be tied to a system of measuring waste. Profit and loss are always of concern to any construction firm. In order to achieve better profit margins, firms will attempt to seek alternative ways of working to raise the productivity of their operatons. Construction wastes can be divided into three principal components, namely, material, labour and machinery wastes. The main objective of accounting for waste is to assist management in improving resource allocation, minimising waste and increasing productivity. The Public Works Department school project used the design-and-build method of procurement as well as extensive prefabricated components. The traditional method of using cast insitu concrete for the structural elements was used for the construction of the tower blocks for this private condominium project.
