Ball, M; Farshchi, M and Grilli, M (2000) Competition and the persistence of profits in the UK construction industry. Construction Management and Economics, 18(7), pp. 733-745. ISSN 01446193
Abstract
An examination has been made of the performance of a range of medium-size publicly quoted construction firms over the five-year period 1990-1994 including evidence on the competitive nature of construction markets. The results suggest that construction markets are price competitive with mark-ups that vary positively with the construction cycle. Common arguments that competition in construction is excessive and that firms can gain from firm specific strategies are not supported by the analysis.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | competition; excessive; medium-size; price competitive |
| Index terms: | construction industry, construction market, mark-up, strategy, profit, construction firm, evidence, competition |
| Subjects: | management, market analysis, industry analysis, price determination, evaluation and assessment methods, organization, economic analysis |
| Topics: | Procurement, Business Strategy, Research Practice |
| 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