scholarly journals Studying the methods for determining and maintaining sustainability of a construction firm

2018 ◽  
Vol 251 ◽  
pp. 05017 ◽  
Author(s):  
Azariy Lapidus ◽  
Ivan Abramov
Keyword(s):  
Construction Industry ◽  
Economic Crisis ◽  
Construction Projects ◽  
Construction Operations ◽  
Resource Potential ◽  
Efficient Organization ◽  
Scientific Problem ◽  
Construction Firms ◽  
Construction Firm ◽  
The Government

Against the backdrop of the economic crisis and the complicated international situation, the government pays great attention to reforming the construction industry, creating the conditions for adapting construction firms to the existing situation and associated entrepreneurial and production risks. Concurrently, as the ever-increasing competition places higher requirements on potential participants in construction projects under state-financed and municipal contracts, new laws and regulations are being developed and improved, and bidding rules are systemized and optimized to help select the most reliable contractors resistant to various impacts. The purpose of this paper is to describe the term “sustainability of a construction firm” and to set the tasks of research into the ways of increasing sustainability of construction firms based on efficient organization of construction operations and up-to-date production and labor technology. The scientific problem suggested for review lies in ensuring guaranteed sustainability of construction firms amid uncertainties of construction operations. This paper focuses on research into and the methods for determining a correlation between sustainability of a construction firm and its resource potential that depends on a number of diverse factors.

scholarly journals Pandemic Risk Management in Construction Projects

2021 ◽  
Vol 10 (2) ◽  
pp. 1-4
Author(s):  
Jerald F. Silao ◽  
◽  
Ralph Lery Guerrero ◽  
Carlito Pantalunan ◽  
Christine Renomeron ◽  
...  
Keyword(s):  
Risk Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Health And Safety ◽  
The Philippines ◽  
Great Effort ◽  
Negative Effects ◽  
Construction Operations ◽  
Management Techniques ◽  
The Government

Construction projects undergo critical stages resulting to circumstances with high uncertainty and risk, which has been escalated by the pandemic. As the pandemic continues to overwhelm the world, its negative effects to construction industry are clearly manifested. Health and safety risks in previous studies and researchers are not risk factors that has great impact to construction industry. However, the COVID-19 pandemic significantly increases the risks that needs intensive risk management techniques to continue construction operations. This study seeks to identify emerging risks and explored risk management techniques applied by construction companies in the Philippines in light of covid-19 pandemic. Findings of the study were based from a questionnaire survey on pandemic risk management in construction projects. Questionnaires were administered based on purposive sampling. Respondents were civil engineers and architects who are directly involved in management and administration of construction projects. The data obtained were analyzed and presented through frequency table and charts. As concluded, health and safety risk are the main risks factors that has effects on cost, time and quality of construction projects. Furthermore, these risks must be managed with great effort and coordination with the government to minimize its effects. In addition, the study is essential to construction industry to mitigate and control new emerging risk to ensure successful project completion.

Preliminary Benefits of Big Data in the Construction Industry: A Case Study

2022 ◽  
pp. 1-11
Author(s):  
Bernard Tuffour Atuahene ◽  
Sittimont Kanjanabootra ◽  
Thayaparan Gajendran
Keyword(s):  
Big Data ◽  
Construction Industry ◽  
Construction Projects ◽  
Big Data Applications ◽  
Data Application ◽  
Construction Firm ◽  
Big Data Application ◽  
Tangible Benefit ◽  
Design Construction

Big data applications consist of i) data collection using big data sources, ii) storing and processing the data, and iii) analysing data to gain insights for creating organisational benefit. The influx of digital technologies and digitization in the construction process includes big data as one newly emerging digital technology adopted in the construction industry. Big data application is in a nascent stage in construction, and there is a need to understand the tangible benefit(s) that big data can offer the construction industry. This study explores the benefits of big data in the construction industry. Using a qualitative case study design, construction professionals in an Australian Construction firm were interviewed. The research highlights that the benefits of big data include reduction of litigation amongst projects stakeholders, enablement of near to real-time communication, and facilitation of effective subcontractor selection. By implication, on a broader scale, these benefits can improve contract management, procurement, and management of construction projects. This study contributes to an ongoing discourse on big data application, and more generally, digitization in the construction industry.

Roles of Contractors in Implementing Quality Assessment System in Construction (QLASSIC) in Construction Projects

2021 ◽  
Vol 15 (S1) ◽  
pp. 53-69
Author(s):  
Mohd Shazreen Seman ◽  
Mohd Reza Esa ◽  
Mohd Reeza Yusof
Keyword(s):  
Quality Assessment ◽  
Construction Industry ◽  
Construction Projects ◽  
Poor Quality ◽  
Technical Committee ◽  
Assessment System ◽  
Construction Companies ◽  
Industry Standard ◽  
The Government ◽  
Questionnaire Surveys

In recent decades, the construction industry has been widely criticized for its lack of efficiency and productivity, and it has been shown that the Malaysian construction industry records poor quality on its projects. To overcome this issue, the Technical Committee on Quality Assessment in Construction with the support of the Construction Industry Development Board (CIDB) has introduced Quality Assessment System in Construction (QLASSIC). QLASSIC is a scoring system that is used to assess and evaluate the performance of construction buildings. It is based on the Construction Industry Standard (CIS 7:2006). Unfortunately, this assessment system had poor implementation since its introduction in November 2006. QLASSIC was not extensively implemented and was taken lightly by the contractors and developers in Malaysia. There are still a huge number of contractors that are not aware of QLASSIC even the big construction companies. Thus, this research is aimed at investigating the contractor’s perspective towards the implementation of QLASSIC in the construction industry in Malaysia. Three objectives are developed to achieve the aim: (1) identification of the needs to implement QLASSIC; (2) investigation of issues and challenges to implement QLASSIC and (3) recommendation of strategies to implement QLASSIC. Structured questionnaire surveys were distributed to the G7 and G6 contractors in the Klang Valley area; which may have or may not have experience in implementing QLASSIC in their projects. The result revealed that majority of the respondents were aware and understand the needs of QLASSIC implementation, but there were still few who were unfamiliar with the QLASSIC. The current level of implementation of QLASSIC in Malaysia is still not satisfactory due to several issues and challenges acting as barriers to its implementation. Therefore, the initiatives from the government are important to promote QLASSIC implementation in the construction industry. By doing this, the contractors would be aware of the implementation of QLASSIC in the construction industry. The significance of this research is that it will assist contractors and other construction players in comprehending the implications and importance of QLASSIC implementation.

scholarly journals Assessing of Modern Machinaries used by Large Scale Construction Firms for High Cost Construction Projects

2019 ◽  
Vol 9 (2S4) ◽  
pp. 1-6
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Large Scale ◽  
Time Frame ◽  
New Venture ◽  
After Effects ◽  
Construction Firms ◽  
Potential Risks ◽  
Growing Economy ◽  
The One

India is one of fastest growing economy in the world which attracts many foreign investors to our country. With the economy being liberalized, foreign players have a vital stake over our countries growth and it’s after effects. The Construction area has consistently been progressively to this financial development which all in all is an exceptionally divided industry. It needs to impart on a huge scale other related help business lines prone to be materials, types of gear, merchants, providers, subcontractors, customers and furthermore the undertaking plan and funds. All these elements which this sector deals with are subjected to potential risks involved which have to be predicted, monitored and managed. Construction industry has been following method for managing these risks and issues to be arising from a project. They have been managing these risks by foreseeing them with the experience and knowledge that the company has gained over the period of time. But this will be a question for a firm if they diversify or when they enter into any new venture of business domain. The conventional model is the one using the manual techniques for assessing risks involved from the experience, knowledge and competency gained in the business domain. Using Primavera (P6) the risk is been managed by creating several models generated which explains the process of additions of risks, identification of type of risk, calculation of exposure values, calculation of risk impact, assigning the person responsible to the risk, time frame of risk, preparation of control plans if the risk occurs. Finally the results thus obtained from both the methods are been compared and the results

scholarly journals A critical analysis of unethical professional practices in the construction industry in Southeast Nigeria

2021 ◽  
pp. 44-48
Author(s):  
Anikwe Nnaemeka J ◽  
Agha Kalu A
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Due Process ◽  
Economic Transformation ◽  
Professional Practices ◽  
Project Delivery ◽  
Maintenance Cost ◽  
Cost Overrun ◽  
Unethical Practices ◽  
The Government

Economic transformation and the provision of basic infrastructure to engender growth and development in any nation is vested in the construction industry hence the massive investment of the government in this sector. However, the expected gains of the construction industry have been eroded by the failure of many construction projects due to unethical professional practices on the part of the construction professionals. This study analyzed the causes and effects of unethical practices on the industry and project delivery with measures to combat the unethical practices among the stakeholders. The study adopted the survey design and a stratified random sampling technique was used to select 140 respondents. A structured questionnaire was designed and administered to construction professionals (Architects, Quantity Surveyors, Builders and Engineers). The relative importance index tool was used to analyse the severity of the factors identified. Findings revealed the absence of punishment for unethical practices (0.94), collusion between officials, consultants and contractors (0.91), availability of loopholes in project monitoring (0.89), weak law enforcement institution (0.87) and greed for money (0.83) among others as major causes of unethical professional practices which have serious effects on the construction industry. The result also revealed poor workmanship and substandard project delivery (0.88), high cost of construction (0.86), the collapse of structures/buildings (0.82), inflated contract sums (0.81), high maintenance cost (0.79), time and cost overrun (0.76) as the extremely severe effects of unethical practices in the industry. Prosecution and punishment of offenders (0.98), the whilstle blower protection policies and rewards (0.84), strengthening of institutionand anticorruption agencies (0.78), award of contracts on merit (0.75) and civil society participation and oversight (0.68) were identified as highly effective measures to curtail unethical professional practices. The study recommends that the government being a major actor should abide by the due process of contract award and letting, using Public Procurement Act (PPA) guidelines in executing all its construction projects. The professionals, contractors and clients’ representatives should also exhibit high professional excellence through adherence to professional ethics and codes of conduct.

scholarly journals Performance of Equipment Productivity for Highway Projects - A Review

2020 ◽  
pp. 218-225
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Analytical Formula ◽  
Vital Role ◽  
Construction Equipment ◽  
Construction Operations ◽  
Highway Projects ◽  
Construction Methods ◽  
Future Production ◽  
Investment Capital

The largest share of investment capital in all developing countries finds its way in to construction. In our India construction industry are growing rapidly. The development of construction industry is the bare for all industrial activities in any developing country, since the economic progress depends on the investment of the capital for future production; the rate of construction activity has a significant effect upon the economic health of the nation and its future growth. Construction equipment plays a significant role in the execution of modern high-cost time-bound construction projects. Equipment is an economic investment and the contractors must apply time value analytical formula to the process of machine utilization. The most important aspect of estimating and building a construction project is determining production and cost and controlling both during the progress of work. The planning & selection of equipment is depends upon construction structure, location, and various construction methods. Also that depends on various construction operations. This study emphasizes the vital role of construction equipment in construction industries to optimize the profit by reducing the labour hours and also aimed to identifying the best practices of improving the productivity of construction for the Indian scenario. With this aid planning would be more systematic, logical and efficient as resource allocators and managers would be aware of output for particular equipment.

scholarly journals Exploring the Barriers and Driving Factors in Implementing Building Information Modelling (BIM) in the Malaysian Construction Industry: A Preliminary Study

2014 ◽  
Vol 75 (1) ◽  
Author(s):  
Zahrizan Zakari ◽  
Nasly Mohamed Ali Ali ◽  
Ahmad Tarmizi Haron ◽  
Amanda Marshall Ponting ◽  
Zuhairi Abd. Hamid
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Integrated Approach ◽  
Driving Factors ◽  
Building Information Modelling ◽  
Information Modelling ◽  
Building Information ◽  
Preliminary Study ◽  
The Government ◽  
The Many

In Malaysia, Building Information Modelling (BIM) has recently gained attraction from construction players and some of them have applied it to several projects. By utilising the BIM process, the construction players have the opportunity to plan, coordinate and design in an integrated approach. This is one of the many benefits that they could gain and resulting in increased productivity. Despite these benefits, the implementation of BIM in the Malaysian construction industry is still lagging behind Singapore, for instance. Thus, it warrants a study such as the present to determine what are the actual barriers that hamper its implementation and what are the driving factors that could enhance its pace of implementation in the Malaysian construction industry. In this study, a questionnaire survey based on Convenience Sampling Method was carried out to gather the possible barriers and driving factors for BIM implementation among the Malaysian construction players. Additionally, Relative Importance Indices (RII) were used to analyse the data obtained and to identify those barriers and driving factors for the implementation of BIM in this country. Consequently, results of this study revealed that the main barriers for implementing the BIM are: 1) Lack of knowledge about BIM, 2) Reluctance and/or no insistence shown by the Malaysian construction industry players (Clients, Contractors and Consultants alike) on the use or implementation of BIM. The driving factors, on the other hand, that could lead to the speeding up of the implementation of BIM are: 1) Support and enforcing the implementation of BIM by the Government, 2) promote BIM training program and 3) Initiatives of senior management of the related industry players. In conclusion, for successful wide spread application of BIM in Malaysia, a good push from the government alone is far from enough. All other construction industry players mentioned must assume their roles well in promoting the use of BIM in their construction projects.

Evaluate the UK Construction Project Impact and Response Strategies during the Epidemic through Malaysia and China

2020 ◽  
Vol 07 (3&4) ◽  
pp. 17-26
Author(s):  
Abdussalam Shibani ◽  
Keyword(s):  
Construction Industry ◽  
Global Economy ◽  
Construction Projects ◽  
Experimental Result ◽  
Prevention Measures ◽  
Management Measures ◽  
The Government ◽  
Under Construction ◽  
The Uk ◽  
The Impact

2020 is a special year, this year the world’s economy has become extremely unstable because of the arrival of COVID-19. Idiosyncratic shocks have hit the global economy. The stock market has suspended, companies have closed, unemployment has soared, every industry has faced the biggest crisis since the Second World War. The British construction industry is certainly no exception. This time it will be the victim of this epidemic and the financial crisis. Compared with the European and American countries, the impact of the epidemic in Asia (Malaysia and China) is relatively light. The development of the epidemic situation in these countries has been controlled relatively effectively and strictly controlled. They are inextricably linked. However, the impact of construction projects in any area under the epidemic, the countermeasures adopted by the government, the epidemic prevention measures adopted by the company and the risk prevention strategy are very different. Therefore, under different circumstances, whether it is from the construction industry managers themselves or government policymakers, it is essential to apply correct and valid management measures to face the projects under construction under the epidemic actively. Simultaneously, collect statistics from questionnaire surveys of three countries in the region, then get an experimental result. Besides, different countries have different policies and forms of epidemic development. So, this research will summarize the corresponding policies and coping strategies of the project. It based on statistics of Malaysia and Chinese construction Projects, surveys for five projects to make comparisons than do statistics to the survey result.

Barriers in BIM Adoption and the Legal Considerations in Vietnam

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
The-Quan Nguyen ◽  
◽  
Dinh-Phong Nguyen ◽  
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Research Approach ◽  
Local Conditions ◽  
Law System ◽  
Legal Documents ◽  
Adoption And Implementation ◽  
Building Information ◽  
Legal Document ◽  
The Government

Building Information Modelling (BIM), an emerging trend in the construction industry worldwide, has been officially introduced to Vietnam recently in some piloted projects. However, in Vietnam, the BIM market is still immature due to that the players in the construction industry have perceived many barriers in adopting this new solution. In a country with a civil law system like Vietnam, the legal environment is considered as the most important enabler for the construction industry to adopt innovative technologies, including BIM. This paper, using a hybrid research approach of surveys and expert judgment, discusses the most popular barriers in BIM adoption in the construction industry in Vietnam, which include five internal and five external barriers. The country’s BIM roadmap, policies and relevant legal documents that are currently in effective are then collected and analyzed in line with the discovered barriers in order to explore their effectiveness in creating an enabling environment for BIM adoption and implementation in the local conditions. After that, legal considerations on the clarity and feasibility roadmap for BIM adoption, the reasonableness of the strategy/plan to grow the industry’s BIM capacity, the system of relevant laws and regulations to govern the BIM-enabled construction projects, the need for a new set of standards and codes for BIM-related processes, and an incentive system for the pioneers in BIM adoption in public sector are discussed. Recommendations on the legal document system, governmental policies, incentives and supports from the Government to encourage the construction industry to apply BIM are then presented. Further research can be developed beyond this research to validate the research results in a broader coverage.

Investigation into the Current Practice of Cost Estimating and the Introduction of a Standard Price Book in the Malaysia Construction Industry

2013 ◽  
Vol 838-841 ◽  
pp. 3109-3114
Author(s):  
Byung Gyoo Kang ◽  
Vin Shern Eng ◽  
Boon Hoe Goh ◽  
Wee Kang Choong ◽  
Tuck Wai Yeong
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Current Practice ◽  
Construction Project ◽  
Competitive Advantages ◽  
Cost Estimating ◽  
Primary Methods ◽  
Factors Affecting ◽  
Complicated Process ◽  
The Government

Cost estimating is one of the most important areas in construction project management.Three are various ways to do cost estimating with different efficiencies and possibly with differentaccuracies. In addition it is a complicated process including various activities. Standardized pricebooks will help improve the process and accuracy of cost estimating. However there is no publishedprice book in the Malaysia construction industry. This research has investigated and identified thecurrent practice of estimating in the Malaysia construction industry together with the possibilities ofintroducing a price book to the industry. Primary methods of estimating, efficiency of the currentmethods, significance of activities related to estimating, factors affecting the accuracy of estimatingare investigated through a survey. Further the obstacles in introducing a price book have beenidentified. The survey participants agree that the government should initiate the introduction of a pricebook in the Malaysia construction industry. The outcomes of this research can be also used to improvethe competitive advantages of quantity surveyors, consulting engineers/architects and contractors inrespect to cost estimating for construction projects in Malaysia.

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