Alashwal, A M and Ann, T S (2021) Application of home-country joint venture (HJV) for international construction contractors. International Journal of Construction Management, 21(12), pp. 1278-1286. ISSN 1562-3599
Abstract
Home-country joint venture (HJV) is one of the strategies contractors can use to venture into the international construction market. In this method, contractors from the same country join to undertake a project in a host country. However, this method is not common among contractors compared with other methods. For instance, among many overseas construction projects executed by Malaysian contractors, less than 1% of projects were completed as HJV. The purpose of this paper is to understand why this method is not common and to determine its potential benefits. For this purpose, qualitative interviews were conducted with experts from Malaysian international contractor companies. The findings highlight the reasons why HJV is not common and the factors that facilitate HJV application among contractors. Factors facilitate the application of HJV include develop strategy for partnering, plan for HJV and risk, select the right partner and others. These factors are categorized into three main project management processes, which are HJV planning, HJV execution and HJV monitoring and control. The findings of this paper can promote the application of joint venture among contractors for successful construction projects and sustainable business in the international market.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | home-country joint venture; international construction; Malaysia |
| Index terms: | international construction, international market, monitoring, project management process, joint venture, Malaysia, partnering, construction project, interview, strategy |
| Subjects: | partnership management, Geography, production management, project management theory and practice, development economics, management, control systems, strategic management, data collection methods, business |
| Topics: | Business Strategy, Research Practice, Project Management, Geographical Context, Stakeholder Management, International Construction, Site Management |
| Descriptive scope: | 3 PCE |
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