• Title/Summary/Keyword: Construction business

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A Study on Development of Construction Engineering Business Survey Index (건설엔지니어링 기업경기실사지수 개발에 관한 연구)

  • Kim, Hyun-Woo;Chin, Kyung-Ho;Lee, Kyo-Sun;Kim, Mi-Ri
    • Korean Journal of Construction Engineering and Management
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    • v.13 no.6
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    • pp.54-62
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    • 2012
  • Currently, construction engineering industry of high value and rapid growing has been viewed as a future oriented industry. Thus, compared to other industries, its analysis system for business trend seems insufficient. This research has developed a business survey index model targeted for construction engineering industries, and business trends for 4/4 quarter of 2011 as well as 1/4 quarter of 2012 were surveyed as important traits were analyzed. Business Survey Index of Construction Engineering has been constructed in form of an index in order to accurately judge different economic states of the industry such as funding areas, human resources, payability, ordering scale, status of domestic and foreign markets, Difficulties in Management, and improvements in policies. In the future, CEBSI will not only be applied on the construction engineering industry, but it will also be used as the economic state of all construction industries as well as the prospect data. Thus, it will be utilized as basic resources that can establish systematic and accurate policies.

A Study on the Effect of TQM on the Business Performance(Quality) of Construction Company (TQM이 건설업자의 기업성과인 품질에 미치는 영향)

  • An, Min-Jae;Park, Yong-Soo;Kim, Eui-Sik
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.4
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    • pp.163-172
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    • 2008
  • This study has provided the answer which construction companies to make complete competitive factors for sustainable growth in construction industry with to 21C environment changes. So the purpose of study is to provide a guideline for establishing the strategy of existence and growth. In order to carry out this purpose of study, above all after has been reviewed Quality Management by considering the characteristics of construction companies, TQM(Total Quality Management) component and business performance, the study has been made a close inquiry in causal relationship between TQM component(leadership, education.training, participation) and business performance(quality) in construction industry. The result of the study can be summarized as follows: First, a test was conducted to whether TQM component(participation) has a significantly positive effect on business performance(quality). Second, it was found that there was a positive casual relationship between each of the TQM factors and business performance(quality). TQM factors had great influences on the business performance of construction companies. So construction companies needed to make continuous efforts to enhance the business performance through TQM approach.

Analysis on Quality Defect Status in the Construction Site of Domestic Educational Facilities (국내교육시설건설공사 현장에서의 품질하자 현황분석)

  • Ryoo, Chong-Hyuck;Park, Young-Ki
    • Journal of the Korean Institute of Educational Facilities
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    • v.15 no.1
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    • pp.44-52
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    • 2008
  • Amid the rapidly changing constructional business conditions, the volume of BTL business sectors has expanded largely during two or three years. Especially, construction works fur educational facilities of elementary, middle and high schools has been performed by the mid-sized construction companies who are not capable of doing effective and systematic quality management while the requirements of the customers are getting higher and higher. In order to have a flexible deal with the rapidly changing business conditions and also to enhance the quality level, it is the high time to reorganize the effective quality management systeme by doing the overall analysis about the quality defects in construction site. Accordingly through the investigation about the quality defects in the construction sites of domestic educational facilities, this study will focus on what kind of quality defects show. It is aimed at providing the preliminary data for the establishment of quality management fur the construction site of the domestic educational facilities by analysing the investigation results.

Change Drivers and Advance of Business Process Management Model for Construction Companies (건설기업의 업무 프로세스 경영 모델의 변화와 발전방향)

  • Song, Young-Woong;Choi, Yoon-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.6
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    • pp.194-203
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    • 2008
  • Construction companies require management system to increase efficiency and profit because of receiving competition and globalizing business environment. Since 1990s, construction companies have made various attempts to innovate business structure both internally and externally by means of BPR, 6 Sigma, PI, and Workflow. Some improvements were made, but most of them were temporary, and insufficient to provide the much-needed promptness of business process in responding to the changes. Furthermore, the recent methods of applying BPM and practical using are limited to the theory and method of other industries, and also the attempts of applying BPM in construction industry are at the stage of theoretical approaching and examining in a few construction companies. Accordingly, this study deduces the necessity of adopting BPM based on change of business paradigm for construction companies and limits of current researches, failure causes and problems of application attempts of BPM and process management. And also, we analyze Advance of BPM and suggest the application method of business process management model for construction companies.

BUSINESS CREATION BY INDUSTRIALISED BUILDING SYSTEM IN MALAYSIAN CONSTRUCTION INDUSTRY

  • Theong May Chuan
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.407-412
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    • 2011
  • Recently, the Malaysian government had been developing new technologies to the construction industry and one of them is the Industrialised Building System (IBS). The government urged that IBS is 100% utilized in all construction projects. It is believed that the application of IBS helps in reducing construction duration and cost, solving the problems of overflow of foreign workers in the site and improving performance and appearance of a structure. However, there are some parties like the contractor who feel reluctant to utilize this system because there are risks. They worry that their trades will be affected as IBS construct a structure using components which are manufactured in a factory and assemble on site. Therefore, this research is to find out whether IBS benefits the country's economy by focusing on the business created by investing in IBS. A comprehensive supply chain for IBS will be developed to compare with the traditional construction supply chain as to determine businesses or trades created and eliminated. This paper is looking at the theoretical framework about business opportunities due to the Government policy on embarking IBS.

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Correlationship with Selecting Business Process and Strategy for BPM of Construction Company (건설기업의 BPM도입 대상 업무선정과 기업전략의 상관성)

  • Cho, Hang-Min;Song, Young-Woong;Lim, Hyung-Chul;Choi, Yoon-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.10 no.6
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    • pp.28-39
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    • 2009
  • Recently, it has been an issue on BPM(Business Process Management, below BPM), which is a sort of business management methods that secures agility and flexibility through sustainable improving and monitoring in a rapid-changing environment. To introduce BPM to construction company we need to set up a procedure for objective, define criteria according to the business structure defined by BPA(Business Process Architecture, below BPA) and analyze works and then select targets. Those BPM target works need to have a close relationship with corporate strategy and to support realizing corporate value. Therefore, this paper will study BPM Target works of construction companies for an effective introduction BPM through questioning from working-level staff. In addition, it will analyze their types and corporate core strategy and BPM target works, then study the main strategy according to BPM target types. And also, this study is expected to help construction companies to choose the business for BPM adoption through analyzing current situation and strategy for business selection when adopting BPM.

A Study on the Legislation for Separate Prime Contracting in the Fire Facility Business (소방시설업의 분리발주 법제화에 관한 연구)

  • Lee, Chang Woo
    • Fire Science and Engineering
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    • v.27 no.6
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    • pp.97-103
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    • 2013
  • This study analyzes the present public construction ordering system focussing on the legal framework for the fire facilities construction business and investigates the problem of subcontracting, and further reviews why Separate Prime Contracting should be recommended in policy, social, legislative and regulative terms. This study suggests the amendment of Fire Facilities Construction Business Act, with new bill drafting. The result of this study shows the present public construction ordering system has huge disparities between main building construction business and fire facilities construction business, and recommend Separate Prime Contracting should be adopted in the fields of fire facilities construction business. The system of Separate Prime Contracting may secure business entities' responsibility and higher quality of fire facilities, and also result in reasonable construction practices in reasonable costs. This system may also contribute to improve public safety level in fire facilities construction.

An Improvement Plan of Business Bounded System for Efficiency at Construction Industry through Game Theory (건설산업 효율성 향상을 위한 건설 업역 관련 제도 개선 방안)

  • Chang Su-Zin
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.388-393
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    • 2004
  • The organic law on the Construction Industry, initially, this law was enacted with a view to preserving and fostering the specialty of each type of industry. By dividing each construction business boundary, it gradually settles the system of construction specialized on the basis of productive stages. Controversy over the abolishing regulations on business boundary still continues to swirl. Since the intensity of exclusion as well as rigidities become increased. This results from the fact that informations are not shared among business boundary and businesses under the protection of the business boundary regulations choose 'rent-sicking activity'. According to dissidents against this law, structure should be established not by artificially enforced institution but by voluntary efforts of participants in construction industry. This paper aims at improving the competitive of the construction industry by showing the efficient system of construction and proving the legitimacy of abolishing business boundary

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A Study on the Forecast of Construction Business Failure according to Financial Ratio (재무비율을 이용한 건설기업의 도산 예측)

  • Heo, Woo-Young;Suk, Chang-Mok;Kim, Wha-Jung
    • Journal of the Korea Institute of Building Construction
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    • v.4 no.2
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    • pp.137-142
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    • 2004
  • There was the time of IMF(1998) that management condition of construction business had been the worst. After that time, structural regulation was completed and financial structure was returned to normalcy(2001). At that time, the aim of this paper is that fifteen construction business are researched for process of management condition and capital structure after they is selected as samples for three years, also failure of two-groups is predicted as statistics analysis and multiple discriminant analysis for them. In this paper, It is researched financial statement of business by the forecast experiment of failure and analyzed statistically possibility of failure and success for financial ratio. For them, the fifteen companies of failure and the fifteen companies what were not the failure, for listed company, and the fourteen variables are selected and they are analyzed statistically according to Logit Analysis.

Interaction Analysis between Construction Business Indicators and Business Performance Indicators of Civil Specialty Contractors (토목 전문건설업체의 건설경기지표와 경영성과지표의 상관성 분석)

  • Kim, Nam-Sik;Lee, Dong Wook
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.34 no.5
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    • pp.1599-1608
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    • 2014
  • This study is to suggest specialty contractors with countermeasures to construction orders falling off, one of the construction business indicators for the construction industry, by analyzing the impact of dwindling construction orders to business performance indicators of specialty contractors as well as identifying inter-relationships between those performance indicators. For specialty contractors of civil construction, it is analyzed that their current ratio is significantly affecting obtention of construction orders, which in turn greatly affecting the ratio of owner's equity. It seems that the amount of construction orders has a direct relationship with the corporate stability. Therefore, this type of specialty contractors are determined to be able to obtain more orders for construction by improving current ratio.