Humphrey, S D (2005) Construction procurement and profit: an analysis of the relationship from a contractor's perspective. PhD thesis, Loughborough University, UK.
Abstract
At the time of writing this thesis, the construction industry related media’s attention was dominated by the issues of alternative procurement systems and the ability to profit from such variances. In the last decade Sir Michael Latham and Sir John Egan’s reports have contributed to a fundamental shift in the manner in which construction is procured. The risk:reward ratio is much talked about, but little has been reported academically to accurately quantify this relationship from a contractor’s perspective. Hence, the inspiration for this study stemmed from these factors, but rather than consider them in isolation, this thesis analyses the relationship between the mode of procurement and the contractor’s profitability variance associated therewith. To facilitate the investigation a literature review, questionnaire/survey and statistical analysis of anonymous subject companies' data significantly proves that procurement and profit are related in the construction industry. This research is a contribution to knowledge, which supports and challenges certain established procurement paradigms. This research could be utilised to gain competitive strategic advantage.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Uncontrolled Keywords: | case study; contractor; document analysis; procurement; profitability; questionnaire survey; risk/reward ratio |
| Index terms: | statistical analysis, document analysis, case study, Latham, variance, construction industry, profitability, construction procurement, media, procurement system, investigation, paradigm, survey, profit, literature review, questionnaire |
| Subjects: | education and knowledge transfer, measurement and scaling, sociology, industry policy reports, industry analysis, data collection methods, economic analysis, data science, contractual arrangements, data analysis and analytics |
| Topics: | Governance, Business Strategy, Research Practice, Procurement |
| Descriptive scope: | 5 PCTEA |
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