• Title/Summary/Keyword: Construction business

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An analysis on the International Construction Market and the Business Performance of Top Contractors after the Global Financial Crisis

  • Sung, Yookyung;Choi, Seok-In
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.736-737
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    • 2015
  • In these days, international construction market including construction companies has much grown due to globalization and economic boom in the mid 2000's. The size of international construction market, measured with overseas revenue of 225 construction firms, has expanded 2.7 times from 2003 to 2008 according to the ENR. However, after the global financial crisis of 2008 it has faced condition of low growth. In this research, major changes of international construction market and top contractors have been studied. In this study, changes of international construction market have been analyzed in the aspect of region and product including general buildings, transportation, petroleum, etc. Then, in order to find the changes of top contractors which obtained good accomplishment, business performance of companies have been examined by the compound annual growth rate, profit margin and international revenue by comparing the data before 2008 and after. The purpose of the study is to understand major changes of international construction market. Also, strategy changes of top contractors against market stagnation, profit depreciation, high competition have been inferred through the study. The result of the study would contribute to analyzing the strategies of construction companies in international market.

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The Empirical Study on Web based Information Evaluation System for the Construction Industry (웹 기반 건설 정보화 수준 평가 실증연구)

  • Chang, Hang-Bae
    • Journal of Advanced Navigation Technology
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    • v.12 no.3
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    • pp.263-272
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    • 2008
  • In this study, we developed the web-based system evaluating the construction information level considering the characteristic of business of the construction company. According to the business, if a construction company answer to the information evaluation questions and inputs its information goal, the web-based system provides the construction information score and the comparative report to the result of companies which are the similar business type and scale. Moreover this system presents the information strategy to achieve company's information goal based on the present information level. This study will enable to a construction company to improve the level of IT in the construction industry and to increase IT investments.

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Competitiveness Benchmarking of Overseas Construction through a SWOT analysis of leading construction firms in Spain and France

  • Han, Jae-Goo;Park, Hwan-Pyo;Jang, Hyoun-Seung
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.721-722
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    • 2015
  • The aim of this research is to provide a direction to benchmark advanced construction companies from Spain and France by deriving business strategies through SWOT analysis in order to strengthen overseas expansion and competitiveness of domestic construction companies.

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Analysis of Mutual Market Entry Level between General and Specialty Contractors according to Abolishing the Regulation of Business Area (업무분야 규제의 폐지에 따른 종합 및 전문건설사업자들의 상호시장 진출 수준 분석)

  • Lee, Chijoo;Kang, Hyeongjoo;Moon, Hyuk;Kim, Minchul
    • Korean Journal of Construction Engineering and Management
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    • v.21 no.2
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    • pp.59-69
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    • 2020
  • The regulation of business area was abolished to improve the competitiveness of the construction industry and the ability of general and specialty contractors to enter the mutual market. As the next step, the government is preparing for a reorganization of business type. If the impact of the abolishing of business area on the construction industry is analyzed, the result can contribute to determining the step by step application scope of the reorganization of business type. This study derived the business types having a high probability of the mutual market entry of general and specialty contractors. Then, the size of mutual market entry is analyzed. First, the connection between the general and specialty construction, and the similarities between the registration standards of general and specialty construction are analyzed. Based on the result, a general contractor can enter 15 business types of specialty construction, and the market size is about 78.8 trillion KRW. This is about 82% of the total contract cost of specialty construction during the year 2017 (about 96 trillion KRW). Next, based on the relevance of business contents, the market size when general contractors enter the specialty construction market is analyzed. As a result, the market size is about 24.7 trillion KRW, and this is about 13% of total contract cost of general construction during the year 2017 (about 190 trillion KRW). Based on the result of this study, there is a higher probability of the mutual market entry of general contractors into specialty construction than vice versa. However, the result of this study is based on the current contents of business types, registration standards, and construction data of before abolishing the regulation of business area. This is a research limitation. If the business contents and registration standards are changed in the future, the result could differ from the current result.

A Study on Urban Construction Archives Management Business of China (중국의 도시건설 기록물 관리사업에 대한 고찰)

  • Han, Mi-Kyung
    • Journal of the Korean Society for Library and Information Science
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    • v.37 no.4
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    • pp.5-21
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    • 2003
  • This thesis concerns urban construction archive management business of China in the 20th century 12 items of state level construction archives, 11 categories of urban construction archives was initially studied. And studies on data collection method, obligations and range of service, etc. of urban construction archives center were conducted as well. Urban construction archive management business was aggressively pursued in terms of national policy, based on the state plan to construct medium-sized and large cities and Mao ZeDong(毛澤東)‘s direction regarding of urban construction archives. As a result, there happened to be various levels and types of 3,186 archive centers, as of 2003. And the archives centers of urban construction have been estavlished in 662 cities all over China so far, while the establishment of the urban construction archives centers was pursued only in 42 cities in 1960s. Another point to note is that staff members of junior college or higher educational background account for 70% - 80% of overall human resources of the archives center of urban construction, while 60 - 70% of them are technical level. This makes professional human resources represent at least 60% of the total human resources of the centers. This is a result of effort of China to enhance urban construction archive management business on both quantitative and qualitative level. And through the study on the situation of urban construction archive management business in Beijing(北京), it was learned that urban construction archives are being collected and managed in archives centers of the respective areas as well as in professional archives centers of urban construction. Some suggestions were also made regarding what kind of direction Korea should take to pursue the business of urban construction archive management.

Prospects on Changing Business Structure in the Korean Construction Industry (건설업 업역구조 변화에 관한 연구)

  • Lee Seok-Jae;Kim Kyung-Rai;Yu Jin-Keun;Kim Dae-Ho
    • Korean Journal of Construction Engineering and Management
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    • v.2 no.2 s.6
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    • pp.37-46
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    • 2001
  • Business boundaries of firms in the construction industry are strictly regulated in Korea. Under the current law, firms involved in construction processes are classified into five categories; general contractors, specialty contractors, architects' offices, engineering firms, and specialized in inspection. Among these types of firms, general contractors are prohibited to enter into specialty contractor's market and vice versa by the basic law in the construction industry. Also general contractors are not allowed to provide architectural services. The purpose of the law is to prohibit unlicensed companies from entering the construction market and to protect customers. However, the law causes critical problems e.g. low efficiency of production and rent creation. Therefore, we identify problems concerning business boundaries of firms in the construction industry and predict structural changes in the them when they are liberalized. So we surveyed general contractors and specialty contractors in Korea to estimate the effects of the liberalization on the construction industry. Most of contractors point to the enhancement of production efficiency as the motivation to integrate other construction process. If current regulations, which limit firms' decisions on business boundaries, are eliminated, firms will choose optimal business scopes taking into account types of contracts adopted by the Government for public works. Based on the cost/benifit analyses, they will decide whether to intergrate other production processes or not.

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A Study on Reform Scheme of Software Industrial Promotion Law (소프트웨어산업진흥법의 개선방향에 관한 연구)

  • Choi, Chang-Ryeol
    • Journal of Information Technology Services
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    • v.5 no.1
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    • pp.61-81
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    • 2006
  • It is necessary to systematically explore the reform plans of the Software Industrial Promotion Law to systematically a representative high-added value future knowledge-based industry, software industry. The current Software Industrial Promotion Law provides only one provision on software business contract procedures, and the Civil Code, the National Contract law or Subcontract Fairness Law regulate other things, so the features of software industry are not properly reflected. To the contrary, the Information Communication Construction Law or the Construction Basic Law effectively prevent disputes by providing material and detailed provisions. Therefore the current software industry needs to be shifted from promotion to fundamental one. That is, as the software industry takes up a large portion at present, so the law should have basic procedural provisions. Also the National Contract Law governs only the contract procedures of public sector, so there should be business performance procedural provisions to regulate the software business formalities of civil sector. And the National Contract Law controls the sale, construction and service of articles at separate contract procedures, but software business contains construction and service characters simultaneously, so there should be business performance procedures fit for software business. Thus this study presented the legislative need and bill on the performance procedures of software business.

DEVELOPING U-CITY MARKET SCENARIOS THROUGH A SCENARIO PLANNING APPROACH

  • Yong-Ho Kwon;Jae-Jun Kim;Suk-Hee Han;Jin-Sik Kim;Yoon-Sun Lee
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.459-468
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    • 2007
  • The u-City construction project has become a hot topic in the construction market because it seems economic value-added field for construction firms. However, construction firms don't willingly participate in the u-City construction market because environments of the future business for the u-City are very uncertain. Scenario planning is a very powerful method in managing this uncertain planning situation and is based on scenarios that help each enterprise appropriately adapt itself to its own business environments. Therefore it is based on the main principles of systems thinking and multiple futures. For the purpose of dealing with such uncertainties, this paper attempts to develop the possible market scenarios of the u-City construction market in S.Korea through a scenario planning approach. From this perspective, we considered various aspects of the u-City construction such as market demands, technology development, policy level and management environment. After considering the relevant issues, we identified the main trends and key uncertainties. Finally, we developed three coherent u-City construction market scenarios. Construction firms can use these scenarios as a basic reference for market analysis and business strategy. Therefore, this paper is able to enhance the participation of construction firms in the u-City construction market.

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Feasibility Study on Apartment Building Type-Factory Business Incubator at University in Busan (부산지역 대학교내의 아파트형공장 방식 창업보육센터 건립 타당성 연구)

  • Kim, Soo-Yong;Kim, Hoi-Sup;Jo, A-Ra;Park, Young-Min
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.563-567
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    • 2008
  • Recently, the Busan Economy has been depressed because of the constant economic slowdown. This also causes severe damage to the construction industry. This study focuses on The Apartment Building Type-Factory Business Incubator in the university paying attention to the construction company who struggles to make a new item of business in this aggravated state of the building business. There are no universities who operate The Apartment Building Type-Factory Business Incubator until now and there are no related data or researches at all. With this in mind, this study is to perform a feasibility study on inducement of The Apartment Building Type-Factory Business Incubator in the University in Busan area. In consequence, feasibility of Policy was sufficient and this study could draw a result of stable returns. Through this business, this study expects that schools, construction companies and enterprises who want to start a business can get the synergy among each other.

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Framework for a Strategic Knowledge Management for Construction Companies (건설기업의 전략적 지식축적 Framework)

  • Jung Young-Soo;Kang Seung-Hee;Lee Kyoo-Hyun;Choi In-Sung
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2005.05a
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    • pp.157-160
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    • 2005
  • The purpose of this paper is to develop a framework for strategic construction knowledge management. The variables of proposed framework includes knowledge types, strategic business functions, and engineering data types. The Proposed framework and knowledge action Plan for the construction company will contribute to develop knowledge management system related to engineering capabilities of strategic business functions

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