Chua, D K H; Wang, Y and Tan, W T (2003) Impacts of obstacles in East Asian cross-border construction. Journal of Construction Engineering and Management, 129(2), pp. 131-141. ISSN 0733-9364
Abstract
In the light of the rapidly growing investment in infrastructure over the past 10 years, East Asia has developed into one of the most dynamic construction markets in the world. Despite progress in market-oriented reforms in some countries of this region, considerable obstacles in the form of varying technical standards and local preference policies still can lead to significant cost increases. Five categories of obstacles are identified in this paper: business environment risk, regulatory restrictions, contractual arrangements and differences in standards and in culture. The likelihood of occurrence of these obstacles as well as their impact on the profitability of cross-border construction are uncertain. The degree of their effect also varies across East Asian countries. Through an industry survey of top international construction firms based in Singapore, the significant obstacles or cost growth factors and their impact on cost growth in tendering, construction, and overheads are determined. In particular, the risk situations in China and Singapore are compared.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | China; costs; foreign projects; risks; Singapore |
| Index terms: | preference, China, Asia, cost increase, survey, construction market, overheads, profitability, international construction, Singapore |
| Subjects: | market analysis, financial analysis, economics, decision-making and reasoning, Geography, economic analysis, regions and continents, strategic management, data collection methods |
| Topics: | Business Strategy, Cost Management, Geographical Context, Research Practice, International Construction |
| 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