Navandar, Y V; Bari, C and Gaikwad, P G (2022) Failure factors–a comparative study of private and government construction firms. Engineering, Construction and Architectural Management, 29(6), pp. 2495-2513. ISSN 0969-9988
Abstract
Purpose: The purpose of the present study is to examine the failure factors for the construction firms in a developing nation. Furthermore, the comparison of failure factors for private and government firms are evaluated. Design/methodology/approach: In the present study, comparison between private and government construction firms is done in the context of a construction firm failure. About 60 construction firms were selected in and around the Nashik region for the investigation, where a simple multi-attribute rating technique (SMART) is used for analysis purpose. Findings: It is found that for private firms (private contractors and builders) lack of experience is the major factor for failure of the business as against lack of managerial experience is a critical factor in case of a government contractor. Practical implications: The outcome of the present study will be used to guide the policymakers during the implementation of governmental and private projects in order to lessen the construction project failures. Originality/value: Construction company failure is an important aspect in developing countries like India. The limited studies were available in literature which shows failure factors for government and private firms and distinguished them. Hence, the present study extends the construction company failure literature by focusing on government and private firms. Also, the study provides some theoretical guidelines for management to avoid construction company failure in India.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction; engineering; management |
| Index terms: | India, implementation, comparative study, investigation, critical factor, construction project, methodology, builder, developing nation, construction company, construction firm, developing country, failure factor |
| Subjects: | production management, Geography, development economics, research methods, practitioner, data collection methods, risk assessment, organization, research design and methodology, contractual arrangements |
| Topics: | Research Practice, Geographical Context, Project Management, Business Strategy, Procurement, Risk Management, Roles and Professions, International Construction |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here