Status | 已發表Published |
Consortia for Export of Construction Services in Singapore | |
George Ofori; Javier C. Cuervo | |
2005 | |
Conference Name | 11th Joint CIB International Symposium Combining Forces - Advancing Facilities Management and Construction through Innovation Series |
Source Publication | Proceedings of 11th Joint CIB International Symposium Combining Forces - Advancing Facilities Management and Construction through Innovation Series |
Pages | 42-56 |
Conference Date | 13 Jun 2005 - 16 Jun 2005 |
Conference Place | Helsinki, Finland |
Author of Source | Technical Research Centre of Finland |
Abstract | After a period of continuous decline since 1998, the volume of demand for construction in 2003 was less than S$10 billion (US$1.00 = S$1.76), half the peak level in 1996. The progressive decline was precipitated by the Asian financial and economic crisis in 1997, and has persisted despite the recovery of the economy in Singapore. It is suggested that the level of activity will continue to be around S$15 billion in the medium term. Thus, the construction market in Singapore will not offer a sufficient volume of work for firms in the industry to grow. It has been suggested in several studies, and has been realised within the industry that firms must export their services to the region in order to thrive. Singapore firms have been operating overseas since the 1970s. Their activities have tended to be within the South-East Asia region. Currently, China and India are considered to be countries which offer considerable potential volumes of activity. Singapore firms have different competitive advantages in each of these countries, and some firms have recorded significant successes. The literature highlights some pre-requisites for success in international construction. From these conceptual constructs, small and medium enterprises (SMEs) have no scope in this market. A major recent phenomenon in Singapore is the formation of both uni-disciplinary and multidisciplinary consortia to seek, bid for, and undertake construction projects overseas. This paper focuses on the SME consortia which are being formed in Singapore for international construction. It is based on a field study comprising interviews of senior practitioners and members of some consortia. The paper begins with a consideration of the literature on international construction and, in particular, the prerequisites for success and firms’ strategies. It then presents the situation in Singapore. The results of the interviews are analysed and appropriate inferences drawn. Some appropriate actions for ensuring the formation of strong consortia and enhancing their performance on overseas projects are suggested. |
Keyword | International Construction Pre-requisites Competitiveness Consortium Corporate Performance |
URL | View the original |
Language | 英語English |
Document Type | Conference paper |
Collection | Faculty of Business Administration DEPARTMENT OF MANAGEMENT AND MARKETING HONOURS COLLEGE |
Affiliation | National University of Singapore |
Recommended Citation GB/T 7714 | George Ofori,Javier C. Cuervo. Consortia for Export of Construction Services in Singapore[C]. Technical Research Centre of Finland, 2005, 42-56. |
APA | George Ofori., & Javier C. Cuervo (2005). Consortia for Export of Construction Services in Singapore. Proceedings of 11th Joint CIB International Symposium Combining Forces - Advancing Facilities Management and Construction through Innovation Series, 42-56. |
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