DEVELOPING OF SUSTAINABLE SUPPLY CHAIN MANAGEMENT INDICATORS IN CONSTRUCTION

Most of the existing supply chain management methods and systems are being transferred to construction sphere regardless of the specifics of companies in the construction sector. Numerous complex factors such as ecological, social and economic are required for the continuous evaluation in the modern management of construction sector. The provided studies and the research to examine sustainable supply chain management in construction sector from a holistic perspective, concentrating on mostly longterm sustainable decision­making by the construction company rather than being centered only on the supply chain management for construction projects. This paper identifies a list of sustainability indicators for examining the supply chains of construction companies. Those indicators were categorized and assigned to one or a couple groups by reviewing their use in the previous literature agreeing to the reasoning to way better reflect the SSCM principle of their use in construction companies. The use of indicators can help develop strategies for the construction sector for sustainable policy makers and construction company managers.

An Analysis of the Financial Liquidity Management Strategy in Construction Companies Operating in the Podkarpackie Province

The activity of each construction company in conditions of high competitiveness is exposed to a number of risks that make it difficult to maintain high financial liquidity. In order to provide the continuity of ongoing economic processes and to be able to develop, entities are forced to build optimal financial management strategies for them. Enterprises can choose between a conservative, moderate and aggressive strategy, which is largely determined by the way they manage their current assets and short-term liabilities. In the case of construction companies, it is also not without significance that they are particularly sensitive to fluctuations in the economic situation and changes in the macroeconomic environment, which imply the availability of funds. The purpose of this paper is to analyze the financial liquidity management strategy of construction sector Polish enterprises from the Podkarpackie Province in 2017–2019 and the impact of this strategy on the profitability of the surveyed entities. In order to achieve the goal, the issues related to the classification of financial liquidity and individual liquidity management strategies are discussed. The issues and the goal set determined the choice of research methods. Literature studies, the Mann–Whitney U test, cluster analysis and Ward’s method were used. The research was carried out on a group of the 10 largest construction companies from the Podkarpackie Province. The selection of entities for the research was deliberately based on enterprises that submit their financial statements to the National Court Register. The conducted research showed that small and large enterprises applied different liquidity management policies even though they operate in the same industry and region. The small entities preferred a conservative strategy, while large entities preferred a moderate strategy. The existence of an inverse relationship between the phenomenon of financial liquidity and profitability of economic entities was also confirmed.

Sistem Pendanaan Proyek Perusahaan Jasa Konstruksi Berbasis Web

CV. Yusti Karya as a construction company realizes that the ability to manage project finances is an important requirement for smooth project management. CV.Yusti Karya often has to manage several projects simultaneously in remote locations. This condition makes it difficult for the finance staff in the office to manage project financial allocations and also makes it difficult for project managers in the field and must report the status of project expenditures to the office. This difficulty drives CV. YustiKarya improved the project's financial management system from using spreadsheets to a web-based information system. Web-based information system will be developed using object-oriented methods. The object- oriented system development method was chosen because of its modular development capabilities and adapts to system requirements. The development of this system aims to enable Person in Charge (PIC) projects in the field to submit expenditures and can be immediately approved by the financial staff in charge. Online project finance management between project PICs and finance staff helps harmonize financial management. The Director can monitor the flow of the latest project finance developments online.

Demolition of Offshore Wellhead Topsides - Weight Engineering Challenges

Some of the platforms installed in offshore fields in India have exceeded their design lifespan but continues to operate. For these platforms to continue operating safely and successfully, major revamp is required. As the wellheads are in operation beyond their intended lifespan and requires revamping due to their heavily corroded state, decommissioning, removal and replacement of existing offshore structures presents technical and economic challenges to Operating Company's and Contractors, alike. Due to the age of these platforms, availability of technical/engineering data is minimal and often needs to be developed from scratch. The focus of this paper is on Weight Engineering and challenges in developing such data for a platform without as built information. The paper also touches on the different stages of executing the project including demolition engineering strategies applied, use of different installation aids to facilitate demolition etc during successful execution of Brownfield works in Mumbai High field by National Petroleum Construction Company (NPCC).

Analysis of segments of helicopters’ works market as an element of strategic planning of helicopter construction company

Current studies, connected to research of state and condition of use of helicopters, do not give a clear picture of market demand for types and modification of helicopters. Hence, there is no strait answer how the helicopters construction company should react to the market demand uncertainty. The need for deeper research in the shown direction grows constantly. The marketing results will enable helicopter construction company to segment the works of the helicopters and based on that to define its development strategic goals.

Counter-reporting sustainability from the bottom up: the case of the construction company WeBuild and dam-related conflicts

Controversies around large-scale development projects offer many cases and insights which may be analyzed through the lenses of corporate social (ir)responsibility (CSIR) and business ethics studies. In this paper, we confront the CSR narratives and strategies of WeBuild (formerly known as Salini Impregilo), an Italian transnational construction company. Starting from the Global Atlas of Environmental Justice (EJAtlas), we collect evidence from NGOs, environmental justice organizations, journalists, scholars, and community leaders on socio-environmental injustices and controversies surrounding 38 large hydropower schemes built by the corporation throughout the last century. As a counter-reporting exercise, we code (un)sustainability discourses from a plurality of sources, looking at their discrepancy under the critical lenses of post-normal science and political ecology, with environmental justice as a normative framework. Our results show how the mismatch of narratives can be interpreted by considering the voluntary, self-reporting, non-binding nature of CSR accounting performed by a corporation wishing to grow in a global competitive market. Contributing to critical perspectives on political CS(I)R, we question the reliability of current CSR mechanisms and instruments, calling for the inclusion of complexity dimensions in and a re-politicization of CS(I)R accounting and ethics. We argue that the fields of post-normal science and political ecology can contribute to these goals.

Understanding the Performance of Construction Business: A Simulation-Based Experimental Study

Higher failure rates of construction business have been observed as a recurring phenomenon in the construction industry. This research focuses on the causes behind a range of performance modes of construction business. The growth and capacity under-investment archetype has been used as the main systems archetype to develop a causal structure for understanding the business performance. A system dynamics model was developed to create a simulation platform for the causal structure. A context of a typical small and medium construction company has been used in the simulation model. This research considered and experimented with a set of selected managerial policies and practices that can lead the construction business to failure, sustenance, or growth. In order to achieve the expected growth or sustenance, it is found that a certain level of balance needs to be secured on how much emphasis is to be given to win new projects, how much profit margins to work with, and how much capacities to be arranged and deployed for project operations, management, and execution.