scholarly journals New Normal in the Construction Industry a Covid-19 Effect

2021 ◽  
Vol 06 (05) ◽  
Author(s):  
Amor Judith A. CABANESAS ◽  
Keyword(s):  
Construction Industry ◽  
High Speed ◽  
Substantial Contribution ◽  
New Normal ◽  
Construction Companies ◽  
Company Survey ◽  
Usual Daily Activity ◽  
Number Of Individuals ◽  
A Company

Construction is one of the oldest and major industries in the world that makes substantial contribution to the national economy and provides employment to a great number of individuals. In the early part of year 2020, COVID-19 pandemic arises that has turned into a worldwide catastrophe, evolving at high speed and scale. The impacts on the construction industry have been sudden and wide-ranging. This outbreak changes the usual daily activity and ‘The New Normal’ is introduced. Construction companies are moving forward, with strict regulations that end up as the new normal for the industry. This study explored the adaption to this new normal in Nueva Ecija, Philippines and seeks out if there’s a relationship between adaption to new safety protocols and the category also the number of workers in a company. Survey was done for data collection. SPSS 25 software was used for data analysis. Result reveals that although the percentage of adaption to new normal is great, still there are areas that needs improvement. In addition, the company’s category and the number manpower does indeed has correlation on the adaption to new normal. This study is essential to ensure responsible, healthy, safe operations, and serve as protection of workers.

scholarly journals The Importance of Marketing Strategy for Creating and Maintaining Goodwill for Construction Companies

2021 ◽  
Vol 6 (2) ◽  
pp. 21-26
Author(s):  
Radek Radek ◽  
Helena Hanusova ◽  
Zuzana Lipovska
Keyword(s):  
Marketing Strategy ◽  
Construction Industry ◽  
Technological Changes ◽  
Significant Deterioration ◽  
Construction Companies ◽  
Internal Accounting ◽  
The Cost ◽  
Market Construction ◽  
A Company

If a company wants to have a long-term presence on the market, it must have a long-term marketing strategy. It should respect the expected technical, technological and socio-economic development. All these factors are clearly manifested in the construction industry. Construction activities are specific in that their products are for long-term use and financially demanding for the investor. The underestimation of trends, technological changes and investor requirements leads to loss of clients and a significant deterioration in the economic situation. Creating a marketing strategy to keep it on the market can prevent these problems. In construction it means estimating trends and shaping a marketing strategy. This activity is very demanding and costly. It leads to the creation of Goodwill and its focus and is an integral part of the company’s assets. If is the marketing strategy insufficient or wrong, it will result in the loss of Goodwill and therefore clients in the market. Construction companies needs to build Goodwill and record it as part of the company’s property. Goodwill is also part of internal accounting. This is where the cost of marketing will take place, not only in terms of costs. There is a need for companies to deliberately choose the methods through which they will express the value of Goodwill.

scholarly journals Risks in Construction When Increasing the Efficiency of Investments

2021 ◽  
Vol 7 (5) ◽  
pp. 315-321
Keyword(s):  
Social Responsibility ◽  
Construction Industry ◽  
Investment Climate ◽  
Construction Sector ◽  
Multiple Sources ◽  
Effective Demand ◽  
Construction Companies ◽  
The Creation ◽  
A Company ◽  
Economic Risks

In the construction sector, various risks affect the success of a company. Research has shown that the construction industry is exposed to multiple sources of internal and external risks, which underscore the investment climate, inflation, effective demand dynamics and social responsibility for the safety of projects. This article is aimed at identifying the most pressing risks inherent in construction companies, with a focus on the group of financial and economic risks and the creation of final products in this industry.

scholarly journals Factors Affecting Talent Management Strategies in Construction Companies

2020 ◽  
Vol 4 (3) ◽  
pp. 392-397
Author(s):  
Agustinus Setyawan ◽  
Alden Nelson
Keyword(s):  
Knowledge Management ◽  
Construction Industry ◽  
Management Strategy ◽  
Talent Management ◽  
Career Management ◽  
Significant Positive Effect ◽  
Construction Companies ◽  
Management Commitment ◽  
A Company ◽  
Positive Effect

Business competition in construction companies is getting tighter and human resource management is one of the essential things in supporting the company’s competitiveness. The right strategy is needed if a company wants to build a strong team by forming highly talented people in a company. This study aims to analyze the influence of management commitment, organizational culture, reward system, career management, and knowledge management on talent management strategy. The method used in sample selection is a non-probability method with purposive sampling technique and the population is employees who work in the offshore construction industry in Batam. This study uses a questionnaire to frontline management employees of the offshore construction industry and the rate of return of the questionnaire is 50 sheets. The statistical method used to test the hypothesis is multiple regression using the SPSS program. The results of the research conducted indicate that the management commitment and knowledge management variables have a significant positive effect on the talent management strategy, while the organizational culture variables, reward systems, and career management do not have a significant positive effect on the talent management strategy.

scholarly journals Simulation-Based Management of Construction Companies under the Circular Economy Concept—Case Study

Buildings ◽  
2020 ◽  
Vol 10 (5) ◽  
pp. 94 ◽  
Author(s):  
Pedro Núñez-Cacho Utrilla ◽  
Jarosław Górecki ◽  
Juan Manuel Maqueira
Keyword(s):  
Construction Industry ◽  
Circular Economy ◽  
Measurement Instrument ◽  
Business World ◽  
Construction Companies ◽  
Production Models ◽  
Simulation Based ◽  
A Company ◽  
Selection Of

Society and the business world are paying more and more attention to the Circular Economy (CE) principles. The construction industry is no stranger to this issue, and the companies are transitioning towards sustainable production models. However, it is not easy to predict when and to what extent a company implements the CE. To measure this process, a scorecard, that includes the main Key Performance Indicators (KPIs) of the construction industry, related to the CE, was designed. Thus, the objective of this article is to design and test the CE-dashboard applicable to the construction industry. To do it, firstly, a literature review is performed. The next step is the selection of the KPIs collected in the literature, more suitable for reporting information about CE. Afterwards, a simulation based on the Monte Carlo technique performs. After multiple iterations, this method establishes the most probable KPI values as a result, which will be confronted with the limits used in the scorecard. With all this information, the dashboard emerges in Qlik software. Finally, a test of this dashboard takes place according to the information about KPIs from one of the leading Spanish companies (General Contractor (GC) building company). This step brings the validity of the created measurement instrument.

Assessing lean conformance by first-grade contractors in the Jordanian construction industry

2016 ◽  
Vol 16 (4) ◽  
pp. 446-459 ◽  
Author(s):  
Ghaleb J. Sweis ◽  
Mohammad Hiyassat ◽  
Fares F. Al-Hroub
Keyword(s):  
Construction Industry ◽  
Continuous Improvement ◽  
Design Methodology ◽  
Management Practices ◽  
First Grade ◽  
Lean Construction ◽  
Content Type ◽  
Construction Companies ◽  
Lean Practices ◽  
A Company

Purpose There is little information existing about the spread of lean among Jordanian construction companies. Building on a report by Diekmann et al. (2004), this paper aims to perform a similar investigation among first-grade Jordanian construction companies to assess the extent of implementation of lean techniques. Design/methodology/approach For this purpose, a quantitative approach to measuring contractors’ conformance to lean practices was adopted. A survey of 61 contractors was conducted using both e-mails and personally delivered surveys that were completed on the spot. The results were analysed, and a practice value index, which indicates the level of implementation, was figured out for lean practices. In addition, an analysis of variance was conducted to determine whether there were differences among respondents from different construction fields. Findings The survey indicated that some procedures used by Jordanian contractors were consistent with lean construction practices. However, there was no proof that lean concepts were used on a company-wide basis. Furthermore, the survey revealed that the Jordanian construction industry lacks a “continuous improvement“ mentality, suffers from the absence of error proofing devices and provides minimal training at several levels of the organisation. Originality/value The outcomes of the study are valuable for contractors and developers of management practices, as it will encourage them to adopt lean construction holistically and identify features that are not exploited in the Jordanian construction industry.

scholarly journals The role of business models in Finnish construction companies

2013 ◽  
Vol 13 (3) ◽  
pp. 13-23 ◽  
Author(s):  
Aki Pekuri ◽  
Laura Pekuri ◽  
Harri Haapasalo
Keyword(s):  
Construction Industry ◽  
Business Model ◽  
Value Creation ◽  
Business Models ◽  
Project Delivery ◽  
Model Concept ◽  
Construction Companies ◽  
Customer Values ◽  
A Company

Business models are seen as an essential part of successful businesses as they define the way companies create value for their customers and subsequently make profit from their operations. A good business model has a potential to separate a company from its competitors by creating a competitive advantage. The purpose of this research is to explore how managers understand and deploy the business model concept in construction. For this, eight experienced managers have been interviewed and their answers have been analysed using the theoretical aspects of business models as a reference. In the interviews, managers deployed business model concept very differently than what is accustomed in practice and in academia; they relate these models to different project delivery and contract structures or to companies’ business segments rather than to analysing how their companies provide value for customers in the selected markets. The results of the interviews indicate that the managers in construction do neither understand the concept properly nor exploit any similar value creation analysis in their business. The interviewees had significant problems describing their companies’ business models and value creation logic, pointing out the lack of analysis and understanding of customer values and needs in the project delivery process. This may be one of the overtones of the persistent client dissatisfaction in the construction industry. 

scholarly journals USEFULNESS AND CREDIBILITY OF SCORING METHODS IN CONSTRUCTION INDUSTRY/TAŠKŲ SKAIČIAVIMO METODŲ NAUDINGUMAS IR PATIKIMUMAS STATYBOS PRAMONĖJE

2008 ◽  
Vol 14 (1) ◽  
pp. 21-28 ◽  
Author(s):  
Oleg Kapliński
Keyword(s):  
Construction Industry ◽  
Stock Exchange ◽  
Early Warning Systems ◽  
Economic Conditions ◽  
Warning Systems ◽  
Scoring Methods ◽  
Construction Companies ◽  
Warsaw Stock Exchange ◽  
A Company ◽  
Score Index

The methods presented in the paper clarify the route of a company towards bankruptcy. The information comes from the so called early warning systems, among which a special attention has been paid to statistical scoring methods. A review of scoring methods informing about the financial standing of a company has been made. Examples have been selected among construction companies listed on Warsaw Stock Exchange. Credibility of models and results has been highlighted. Results point at the fact that the synthetic Z‐score index should be adjusted to economic conditions of a given country, or even to an industry. Santrauka Metodai, pateikiami straispnyje, atskleidžia kompanijos kelią į bankrotą. Informacija gaunama iš vadinamųjų išankstinio perspėjimo sistemų, kuriose daugiausia dėmesio skiriama statistinio taskų (balų) skaičiavimo metodams. Pateikiama taškų skaičiavimo metodų, atskleidžiančių finansinę įmonės padėtį, apžvalga. Pavyzdžiai paimti iš Varšuvos biržos statybos kompanijų sąrašo. Nustatytas modelių ir rezultatų patikimumas. Rezultatai rodo, kad sintetinė Z reikšmė turi būti koreguojama pagal ekonomines konkrečios šalies arba pramonės sąlygas.

Assessment of Electronic Procurement Practices on Project Delivery, Case Study of Selected Construction Companies in Oyo State

2018 ◽  
pp. 257-266
Keyword(s):  
Construction Industry ◽  
Information Exchange ◽  
Ease Of Use ◽  
Project Delivery ◽  
Development Programs ◽  
Construction Firms ◽  
Construction Companies ◽  
Electronic Procurement ◽  
Ict Infrastructure ◽  
E Mail

This study investigated the use of e-Procurement in selected construction firms in Oyo state, Nigeria. The data were derived using a well-structured questionnaire survey involving 104 respondents. Descriptive statistical and correlation analyses were used to analyze the data. Findings show that the use of electronic procurement in the selected construction firms for carrying out procurement function is high with majority of the professionals affirming the use of the system, the four categories of e-Procurement used were e-mail, static websites, web.2.0 technologies and portals that have capabilities of supporting the execution of functions limited to intra and inter firm communication and exchange of project information and data. Consequently, between 84 percent and 76 percent of the respondents used these e-Procurement technologies for communication of information, exchange of bill of quantities, project reports, CAD drawings and project specifications. Consequently, factors with the highest positive impacts on the use of these technologies in the firms were the speed of transactions, lower transaction cost and ease of use. The study implies that the selected construction firms in Oyo state Nigeria predominantly use e-mails and websites to support the execution of pre-award phase of construction procurement. Finding also shows that there is positive relationship between e-Procurement (e-Notifying, e-Exchange, and e-Submission of bid) and Project delivery. The study suggests that to accelerate the rate of uptake of e-Procurement and maximize its benefits in the Nigerian construction industry, there is a need to improve the quality and quantity of ICT infrastructure across the country; and to embark on aggressive enlightenment campaigns, training and skill development programs in the use of e-Procurement in the construction industry in this country.

scholarly journals ENVIRONMENTAL MANAGEMENT SYSTEMS AS A DRIVER FOR SUSTAINABILITY: STATE OF IMPLEMENTATION, BENEFITS AND BARRIERS IN GERMAN CONSTRUCTION COMPANIES

2017 ◽  
Vol 23 (1) ◽  
pp. 150-162 ◽  
Author(s):  
Jan-Simon SCHMIDT ◽  
Rainard OSEBOLD
Keyword(s):  
Environmental Management ◽  
Construction Industry ◽  
Construction Materials ◽  
The State ◽  
Management Systems ◽  
Environmental Management Systems ◽  
Large Measure ◽  
Construction Companies ◽  
Ecologically Sustainable ◽  
Corporate Business

The construction industry, as one of almost every economy’s major generators of environmental impact, can contribute in large measure to achieving the goals of sustainability. However, most publications in this field deal with sustainability with reference to selecting construction materials and improvements in the operating phase of buildings. When considering ecological sustainability the focus has to be extended from the finished building to the building pro­cess. Therefore the actors of the construction sector who are responsible for the production process have to be studied: the construction companies. The goal of this paper is to study the state of ecologically sustainable corporate business management in construction. The state of application of elements of environmental management systems (EMS) is used as an indicator of the current situation in German construction companies. EMS can help continuously to environmen­tally improve the operating processes of the firms. A broad survey about the extent of EMS has been conducted consid­ering the barriers and drivers. In general, a relatively low interest in EMS and a lack of knowledge is noticeable within the sector. As a result, strategic recommendations are made on how to promote environmental management to foster sustainable thinking in the German construction industry.

scholarly journals Examining the implementation of ISO 9001 in Indonesian construction companies

2015 ◽  
Vol 27 (1) ◽  
pp. 94-107 ◽  
Author(s):  
Debby Willar ◽  
Vaughan Coffey ◽  
Bambang Trigunarsyah
Keyword(s):  
Quality Management ◽  
Construction Industry ◽  
Current Practice ◽  
Iso 9001 ◽  
Quality Management Systems ◽  
Content Type ◽  
Construction Companies ◽  
Main Motive ◽  
Research Findings ◽  
Management Attitude

Purpose – The purpose of this paper is to examine the implementation of quality management systems (QMSs) of Grade 7 (G-7) Indonesian construction companies. This includes the initial motives that have driven the development of QMSs, barriers to effective QMS implementation, the current practice and integration of QMS-ISO 9001 principles and elements, and the performance of contractors implementing such QMSs. Design/methodology/approach – A survey was conducted involving 403 respondents (Quality Management Representatives, Managers, and Project and Site Engineers) from 77 G-7 as well as ISO 9001 certified Indonesian construction companies. Findings – The main motive for G-7 contractors in establishing and implementing ISO 9001 based QMSs are identified as being to effectively and efficiently control project activities. Respondents apparently do not often experience problems related to QMS implementation. However, issues of management attitude and purpose are identified as barriers that may affect effective QMS implementation. The study highlights the ISO 9001 principles and elements that still require to be more critically applied by G-7 contractors in order to fully implement and improve their current QMS effectiveness. The findings also suggest that, although certified, many G-7 contractors have not yet achieved a satisfactory level of performance to be truly competitive in global markets outside Indonesia. Originality/value – To date, only limited research has been conducted into the application of ISO 9001 in the Indonesian construction industry. The research findings reinforced the value of pursuing more effective QMS implementation. They also support current attempts to introduce ISO 9001 QMSs to a much wider base of Indonesian construction companies, particularly small and medium sized contractors and builders.

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