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http://dx.doi.org/10.6106/KJCEM.2016.17.5.097

CM Prospects and Strategies Based on Contract Statistics : 1997 through 2014  

Ha, Jiwon (College of Architecture, Myongji University)
Jung, Youngsoo (College of Architecture, Myongji University)
Publication Information
Korean Journal of Construction Engineering and Management / v.17, no.5, 2016 , pp. 97-107 More about this Journal
Abstract
CM services have been focused on the advancement of the CM industry and expansion to overseas market based on CM capabilities. However, there has been lack of quantitative and comprehensive research to investigate current CM trends and prospects for improving competitiveness. In this sense, the purpose of this study is to statistically analyze total of 3,453 CM service contracts over the past 18 years (between 1997 and 2014) in term of market type, contract size, owner's type, commodity type. Finding of this research reveal that 1) compared to 2005, CM market size in 2015 increased as much as 2.5 times, and that 2) domestic CM projects count for 87.5%, architectural project 88.4%, less than 1 billion won small contracts 75%, respectively. Also, recently as CM company are developing capability and competitiveness, 1) overseas CM market share has grown up to 20% among total CM contract amount, and 2) CM contracts by private owners has increased 3 times demanding the total management services based on high technical capability. Additionally, the result of this paper supports the growth path model proposed by Jung et al. (2014), where a path from Domestic Public (DP3) and Domestic Private (DC2) CM projects towards the expansion to International Private (IC5) contracts was quantitatively analyzed. Implications for other practical issues are also briefly discussed.
Keywords
CM Market; CM Contracts; Statistics; Corporate Strategy; Time Series Analysis;
Citations & Related Records
Times Cited By KSCI : 12  (Citation Analysis)
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