scholarly journals Development Acceptable Risk Model for International Construction Projects - Focusing on Small and Medium Construction Companies -

2016 ◽  
Vol 17 (3) ◽  
pp. 90-97
Author(s):  
Geunouk Hwang ◽  
Chan Young Park ◽  
Woosiki Jang ◽  
Seung Heon Han ◽  
Sin Young Kang
Keyword(s):  
Construction Projects ◽  
Risk Model ◽  
Acceptable Risk ◽  
Construction Companies ◽  
International Construction

scholarly journals Social network analysis of construction companies operating in international markets: case of Turkish contractors

2016 ◽  
Vol 23 (3) ◽  
pp. 327-337 ◽  
Author(s):  
Bartug Kemal AKGUL ◽  
Beliz OZORHON ◽  
Irem DIKMEN ◽  
M. Talat BIRGONUL
Keyword(s):  
Social Network ◽  
Social Network Analysis ◽  
Network Analysis ◽  
Construction Projects ◽  
International Markets ◽  
Project Networks ◽  
Construction Companies ◽  
International Construction ◽  
Multiple Partners ◽  
Complex Projects

Investigation of market entry strategies is critical for the success of international contractors. Establishing partnerships is among the most effective vehicles of operating in international markets. The major objective of this paper is to analyze the partnership behavior of contractors in overseas projects. In this respect, social network analysis (SNA) was used to better understand the collaborative project networks in different markets and for projects of differing sizes. A database was developed based on the collaborative international construction projects where Turkish firms and their non-Turkish partners were involved. A total of 449 projects carried out in 46 countries were used for the analysis. The findings of the study suggest that contractors adopt different strategies depending on the market and project character­istics. The majority of the companies tend to remain in the same markets; they keep working with the same partners or choose local partners; and engage with multiple partners in more complex projects. This study is expected to help contractors reflect on their internationalization decisions and devise appropriate strategies to establish project networks.

scholarly journals A new framework for ranking Critical Success Factors for International Construction Projects

2021 ◽  
Vol 13 (2) ◽  
pp. 2505-2520
Author(s):  
Lana Lovrenčić Butković
Keyword(s):  
Construction Projects ◽  
Critical Success Factors ◽  
Success Factors ◽  
Construction Companies ◽  
International Construction ◽  
Critical Success ◽  
Wide Range ◽  
International Projects ◽  
Depth Interviews ◽  
New Framework

Abstract Due to the wide range of opportunities, collaborations, and challenges offered by the international construction sector, interest in international construction is on the rise. Construction companies must be able to carry out international construction projects (ICPs) more effectively and efficiently. However, executing ICPs is more challenging than executing domestic construction projects. Considering the peculiarities of the construction industry and the associated complexity of construction projects, construction companies should decide on international capability and the selection of an ICP through a careful evaluation of their critical success factors (CSFs). Most of the previous research deals with the concept of CSFs in the context of project management in general, but few studies have identified CSFs for ICPs. To fill that gap in current research, the main objective of this study was to identify and group CSFs for ICPs. A total of 37 CSFs were identified after conducting a detailed literature review and a pre-pilot study. A new framework of CSFs for ICPs was proposed following primary research, which was conducted through in-depth interviews with leading experts in international projects. Although the constructability/complexity factor of the project received the highest rating in terms of importance to the success of the ICP, the next most critical factors were found to be external factors, such as local contractor/subcontractor, investor, and presence of a foreign partner. The results of this research may help participants involved in ICPs to improve their understanding of the international construction environment and deliver more successful ICPs.

scholarly journals SUBCONTRACTOR SELECTION PRACTICES IN INTERNATIONAL CONSTRUCTION PROJECTS

2010 ◽  
Vol 16 (1) ◽  
pp. 47-56 ◽  
Author(s):  
Serdar Ulubeyli ◽  
Ekrem Manisali ◽  
Aynur Kazaz
Keyword(s):  
Market Share ◽  
Construction Projects ◽  
International Market ◽  
Host Countries ◽  
Construction Companies ◽  
International Construction ◽  
Bid Price ◽  
International Projects ◽  
Detailed Questionnaire ◽  
Selection Practices

This paper presents a study of subcontractor selection practices of Turkish contractors in international projects. The results highlight the current subcontracting practices of main contracting firms that have resulted in a long‐lasting market share abroad. Toward this aim, a detailed questionnaire was administered to 96 construction companies. Turkish and host countries’ subcontractors were shown to be frequently employed in international projects. However, subcontracting firms from other countries were found to not be used. Main contracting companies generally select subcontractors in the periods after the main tender or after the project's start. Although many of them often work with previously known subcontracting companies and do not take into account the lowest bid price as the primary criterion, systematic processes or models are not used to select the best subcontractor. Most importantly, main contractors not only use subcontractors but also carry out activities using their in‐house resources. Hence, this study will not only be a step for further works that can be performed by potential researchers who may find interesting similarities or differences between their countries and Turkey, but also assist contractors who plan to strengthen their positions and to increase work opportunities in the international market. Santrauka Straipsnyje pateikiami Turkijos generaliniu rangovu praktiniai subrangovu parinkimo tyrimai, vykdant tarptautinius pro‐jektus. Akcentuojama dabartine generalinio rangovo imoniu subrangos praktika, kuri sudaro ilgalaike ir plačia rinkos dali. Šiam tikslui buvo išsamiai apklausta iki 96 statybos imoniu. Turkijos ir kitu vadovaujančiaja pozicija užimančiu šaliu subrangovai teige, kad dažnai dirba su tarptautiniais projektais. Tačiau kitu šaliu subrangos imones nedalyvauja toje veik‐loje. Generalines rangovo imones paprastai pasirenka subrangovus pateikus pagrindini pasiūlyma arba projekto pradžioje. Nors daugelis iš ju dažnai dirba su jau anksčiau žinomomis subrangos imonemis ir pasirinkdamos geriausia subrangova neatsižvelgia i pagrindini rodikli‐ žemiausia siūloma kaina, nenaudoja sisteminiu procesu ar modeliu. Svarbiausia, kad generaliniai rangovai naudojasi ne tik subrangovu paslaugomis, bet ir vykdo veikla, naudodamiesi ju turimais vidaus ištekliais. Taigi šis tyrimas bus ne tik potencialiu tyreju žingsnis igyvendinti ir rasti idomiu panašumu bei skirtumu tarp šiu šaliu ir Turkijos, bet ir padeti rangovams stiprinti savo pozicijas bei didinti isidarbinimo galimybes tarptautineje rin‐koje.

An analytic hierarchy process based model for risk and opportunity assessment of international construction projects

2006 ◽  
Vol 33 (1) ◽  
pp. 58-68 ◽  
Author(s):  
Irem Dikmen ◽  
M Talat Birgonul
Keyword(s):  
Risk Assessment ◽  
Analytic Hierarchy Process ◽  
Construction Projects ◽  
Real Data ◽  
Analytic Hierarchy ◽  
Construction Companies ◽  
International Construction ◽  
Construction Risk ◽  
International Projects ◽  
Hierarchy Process

Risk assessment of international projects is a complicated task because of the sensitivity of project success related to country specific risks as well as project risks. Decision makers face the difficulty of weighing project opportunities against risks and determining attractiveness of projects while giving bidding decisions. The aim of this paper is to propose a methodology for risk and opportunity assessment of international projects. The proposed model uses an analytic hierarchy process for calculation of risk and opportunity ratings. A risk breakdown structure, specific to international construction projects, is proposed as well as a list of factors that affect the ability of construction companies to manage risk. An application of the proposed methodology is demonstrated by using real data supplied by a construction company that is experienced in international markets. Ranking of project options is made according to the opportunity and risk ratings that are calculated by using the proposed methodology based on the judgments of company professionals.Key words: international construction, risk assessment, analytic hierarchy process.

scholarly journals A Preliminary Study on Human Resources Management in International Construction

2012 ◽  
Vol 7 (2) ◽  
pp. 1-11
Author(s):  
Jianjian Du ◽  
Chunlu Liu ◽  
David Picken
Keyword(s):  
Resource Management ◽  
Construction Projects ◽  
Management Practices ◽  
Human Resources Management ◽  
Performance Factors ◽  
Construction Companies ◽  
International Construction ◽  
The Social ◽  
Preliminary Study ◽  
The Impact

As construction companies continue to exploreforeign construction markets, variousinternational construction projects are beingundertaken in all corners of the world. In aninternational construction project with manyunique and complicated characteristics, humanresource management can playa significant rolein promoting the efficient use of complex humanresources. The aim of this paper is to establish avalid foundation for further research onmeasuring the impact of human resourcemanagement economically for internationalconstruction projects. The paper examineshuman resource management literature andidentifies the application of the relatedmanagement techniques to the constructionindustry. In addition, the paper uses the literatureanalysis to describe the nature of humanresource management with particular referenceto international construction projects. Inparticular, the research described in this paperidentifies economic performance factors in theimplementation human resource management ininternational construction projects. This paperalso identifies the social effects of humanresource management practices.

REVIEW AND ADOPT A TOOL FOR MEASURING SAFETY CLIMATE IN INTERNATIONAL CONSTRUCTION PROJECTS

2015 ◽  
Vol 2 (1) ◽  
Author(s):  
Ran Gao ◽  
Albert P. C. Chan ◽  
Wahyudi P. Utama ◽  
Hafiz Zahoor
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Safety Climate ◽  
Safety Management ◽  
Safety Behavior ◽  
Construction Companies ◽  
Construction Market ◽  
International Construction ◽  
And Performance ◽  
Construction Safety Management

The construction industry is deemed to be one of the most dangerous industries worldwide due to its special characteristics of production process. Globalization has brought about an increasing number of construction companies involving themselves in the international construction market. Due to involvement of participants from different countries and regions, international construction projects possess complexities from national, organizational and individual perspectives which may affect construction safety management adversely and lead to unsatisfactory safety performance. Safety climate, defined as “a unified set of cognitions regarding the safety aspects of the organization”, is often considered to be a predictor of safety behavior and performance. After conducting a comprehensive review of existing literature related to safety climate measurement in construction sector, this study highlights several conditions for selecting suitable safety climate instruments specific in international construction projects.

scholarly journals Identifying the Non-Traditional Safety Risk Paths of Employees from Chinese International Construction Companies in Africa

2021 ◽  
Vol 18 (4) ◽  
pp. 1990
Author(s):  
Chi Jin ◽  
Bo Li ◽  
Zhaoying Ye ◽  
Pengcheng Xiang
Keyword(s):  
Risk Factors ◽  
Structural Equation ◽  
Construction Projects ◽  
Significant Risk ◽  
Mediating Effect ◽  
Equation Modeling ◽  
Safety Risk ◽  
Construction Companies ◽  
International Construction ◽  
Risk Sources

In recent years, more and more construction enterprises are expanding into overseas markets, especially in underdeveloped regions such as Africa. Compared to domestic construction projects, international construction projects have been faced with more uncertainties and increased levels of safety risks to the employees in the context of political turmoil, racism, and religious conflict in the host country. This study aims to answer what risk factors contribute to the threat to the safety of overseas employees and how safety risk factors interact, using employees from Chinese international construction companies (CICCs) in Africa as an example. A total of 39 safety risk factors were selected by literature review and case study based on Heinrich’s Domino Theory of Accident Causation. To identify the critical safety risk sources and significant risk paths, a questionnaire survey was conducted among 208 professionals who have participated in construction projects in Africa. Using structural equation modeling (SEM), a total of twelve critical risk paths and five controllable risk sources were identified. The improper behaviors of the CICCs and their employees were shown to have the largest impact on the safety of Chinese employees, through the mediating effect of the criminal offense. This study provides some insights into safety risk management in international construction projects. Meanwhile, the quantitative approach proposed can also be used by other international companies or governments in identifying the safety risk paths of their overseas workers involved in international construction projects.

An assessment of the readiness of construction firms for international construction joint ventures (ICJVs) using the VERDICT model

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Stephen Akunyumu ◽  
Frank D.K. Fugar ◽  
Emmanuel Adinyira
Keyword(s):  
Joint Ventures ◽  
Technology Infrastructure ◽  
Commitment To Change ◽  
Content Type ◽  
Construction Firms ◽  
Construction Companies ◽  
Construction Joint ◽  
Foreign Companies ◽  
International Construction ◽  
Construction Organizations

Purpose The purpose of this study was to assess the readiness of construction companies in Ghana to partner with foreign companies in international construction joint ventures (ICJVs). Design/methodology/approach Using the Verify End-User e-Readiness using a Diagnostic Tool (VERDICT) model, a survey with 31 construction companies was conducted to assess their readiness through four pre-defined elements of readiness. Findings The results indicated the readiness of construction companies to collaborate with potential foreign partners in ICJVs. Notwithstanding, certain areas such as management commitment to change, employee buy-in, process flexibility and technology infrastructure need improvement in some firms to achieve readiness. Government has a role in ensuring the readiness of domestic firms for the international market. Originality/value This study applies the VERDICT model, a tool originally designed to assess construction organizations’ readiness for e-commerce, to assess the readiness of Ghanaian construction companies for ICJVs.

Sign in / Sign up

Export Citation Format

Share Document