Brady, T; Davies, A and Gann, D (2005) Can integrated solutions business models work in construction? Building Research & Information, 33(6), pp. 571-579. ISSN 0961-3218
Abstract
It has recently been suggested that the future of the construction industry lies in adopting a new business model based on the concept of integrated solutions. Integrated solutions are combinations of products and services that address a customer's unique requirements throughout the life cycle, from development and design to systems integration, operations and decommissioning. Research on integrated solutions in other capital goods sectors has shown suppliers have had to create new business models, including developing new approaches to adding value, and building up new capabilities - especially in systems integration. The paper presents some preliminary empirical findings about construction industry perceptions of value, systems integration and integrated solutions that suggest the concept of built environment solutions provision is still at an early stage in its development and that the best opportunity for its introduction is in the context of private finance initiatives in the public sector or large clients who require repeatable solutions in the private sector.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | business models; customer focus; integrated solutions; private finance initiative; systems integrators; value creation |
| Index terms: | integration, private finance initiative, integrated solution, value creation, built environment, business model, construction industry, decommissioning, private sector, life cycle, public sector |
| Subjects: | innovation studies, value management, business, contractual arrangements, economic development, renovation and retrofit, administrative law, industry analysis, infrastructure and transport systems, organizational analysis |
| Topics: | Organizational Design, Legal Issues, Urban Studies, Procurement, Sustainability, Project Management, Research Practice, Engineering Principles, Business Strategy |
| Descriptive scope: | 3 PCT |
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