• Title/Summary/Keyword: construction company

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A Relation between Financing Conditions and Business Operation of a Construction Company (자금조달환경과 건설업체 경영상태 간의 관계성 분석 연구)

  • Seo, Jeong-Bum;Lee, Sang-Hyo;Kim, Jae-Jun
    • Journal of The Korean Digital Architecture Interior Association
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    • v.12 no.1
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    • pp.61-70
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    • 2012
  • A construction project is very costly and takes a long time to make investment and yield profit. For this reason, financial institutions are cautious about financing construction projects. Meanwhile, a construction company needs financing from financial institutions to cover a large expense of a construction project. Thus, there is likely to be a close correlation between financing conditions and business operation of a construction company. To examine the relationship, variables were identified that are related to insolvency of a construction company and changes in financing conditions. The analysis period is between the second quarter of 2001 and the fourth quarter of 2010. Data was retrieved from TS2000 established by Korea Listed Companies Association (KLCA), Statistics Office, and Construction Economy Research Institute of Korea (CERIK). In terms of methodology, VECM (Vector Error Correction Model) was used to analyze dynamic relationship between changes in financing conditions and insolvency of a construction company based on the identified variables. The hypothesis was that changes in financing conditions would significantly affect business of a construction company, but, the analysis did not find a close relation between the two factors. However, it was shown that poor business of a construction company affects financing conditions adversely.

The Research on the Preference Factors of Apartment Brand (아파트 브랜드 선호도 요인 비교에 관한 연구 -수도권지역과 시 단위지역 중심의 선호도 비교-)

  • Shin, Han-Woo;Kim, Dae-Won;Kang, Kyung-In;Kim, Gwang-Hee
    • Journal of the Korea Institute of Building Construction
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    • v.8 no.1
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    • pp.77-82
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    • 2008
  • In the housing market, the construction company started to recognize the importance of the brand power since 1998. Many brand names of apartment construction company have newly formed and many apartments are representative of the brands of construction company by quality of apartment construction and service after hand apartment over to owner with many other elements of their brands. According to these trends in the housing market, it should be also interested in improving the value of brand name in apartment construction. The former researches have been achieved several topics in only a specific target market about the distinction of apartment's plan, the examination of preference, and the satisfaction survey of inhabitants etc. But construction company don't have developed any available marketing strategy according to construction location and regional characteristics. Nowadays, they should be interested in improving the value of apartment brand. Therefore, this research was conducted by interviewing and surveying preference factor, which factors are considered by consumer when consumers purchase apartment house, to compare the two regions such as Metropolis and Cities. The purpose of this research is to provide the preference trend of apartment house in the future to construction company by comparing consumer's preference examination.

A Study on the Recognition of Fire Construction Surveillance System : Focused on the Stakeholders (소방공사감리제도의 인식에 관한 연구 : 이해당사자를 중심으로)

  • Lee, Ranny;Jeong, Kyeon-Sik;Kong, Ha-Sung
    • Journal of the Korea Safety Management & Science
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    • v.16 no.3
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    • pp.133-143
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    • 2014
  • The purpose of this article is to search stakeholders' recognition related to Fire Construction Surveillance system; a client(order), fire fighting officer, supervision company, construction company, design company, other. The paper provides 4 important things. Firstly, a client(order) suggested the lowest recognition in the needs about the need of separation order, that of contract for any construction work limited registered companies, and that of standard price for engineering.. Secondly, the design company is lowest recognition in guidance and control participating in construction-design phase. Thirdly, the design company is lowest in adjustment about manpower-allocation according to allocation criteria of technical manpower. Fourthly, a client(order) and supervision company are relatively lower than other stakeholder in necessity on special education and training system for auditor in fire protection construction. Almost all related matters are related to more or less stakeholders' interest.

Causes of Delay in Khuzestan Steel Company Construction Projects

  • Saeb, Sajjad;Khayat, Navid;Telvari, Abdulrasoul
    • Industrial Engineering and Management Systems
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    • v.15 no.4
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    • pp.335-344
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    • 2016
  • Construction project is a competitive business with high risk especially in developing countries like Iran which faces with many problems such as delay and time and costs increases. Thus, the first priority here is to determine the causes of prolongation of construction projects and to evaluate their importance. Khuzestan Steel Company (KSC) has made important contribution to the projects in Iran and in turn is required to finish them on time. In this study, an attempt was made to investigate the causes of delay in implementation of construction projects held by this company. Data was collected through questionnaire distributed among the sample including 10 owners, 10 consultants and 15 con-tractors. Accordingly, participants rated the causes in the questionnaire so the most important priorities of each area were specified using TOPSIS method. The results showed that according to the employers, consultants and contractors' viewpoints, the most important reason for delays in construction projects of KSC is related to the financial matters. Hence, according to the results obtained, causes for delays in the company's projects are largely related to the drilling permits and long administrative cycle to renew them. Besides, continuous production of steel in this company is another reason to delays of construction projects.

A Study on the Effectiveness Verification of Construction CRM systems (건설 CRM 시스템 효과검증에 관한 연구)

  • Cho, Kyoung-Rin;Hwang, Ug-Sun;Kim, Yong-Su
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.4
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    • pp.137-145
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    • 2007
  • Purpose of this study is to analyze degrees of oral transmission, customer satisfaction, and subscription customer's re-visitation to grasp effectiveness of CRM of construction company. Brand recognition, customer satisfaction, and customer loyalty can be made to improve by CRM of construction company. Ultimately, this study is intended to improve management achievement by increasing total sales and reducing expense. 175 distribution customers and subscription customers participate in the final analysis for this study. In terms of service quality factors, state of facility, trust, response, conviction and sympathy are measured. In terms of effectiveness, customer satisfaction, oral transmission, and customer's re-visitation are measured. Considering these things, CRM of construction company can improve oral transmission, satisfaction, re-visitation of distribution customers and subscription customers. CRM of construction company can be utilized as a competitive means for management and contribute to improving management achievement in the long run. Through examining actual effectiveness of CRM of construction company in this study, it can be thought that necessity and possibility of CRM of construction company should be recognized and CRM of construction company should be developed further.

A Case Study on the Performance Analysis for Applying 6 sigma to a Construction Company (건설업체의 6시그마 적용 성과 분석에 관한 사Bll 연구 -S 건설업체를 중심으로-)

  • Kim Se-Won;Hwang Uk-Sun;Kim Sun-Kuk;Kim Yong-Su
    • Korean Journal of Construction Engineering and Management
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    • v.6 no.4 s.26
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    • pp.133-141
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    • 2005
  • The object of this study is to present performance by applying six sigma quality management to a construction company. The research method involves to investigate and analyze data regarding six sigma projects in S construction company and a questionnaire survey from the personnel of the S construction company. The results of this study are as follows 1) S construction company utilized the six sigma quality management for 258 projects during the years of 2003 and 2004 and this bring the effect of cost reduction for quality. Moreover, before using the six sigma quality management, the average level of sigma in this company was around 2.8, after using this, the level increased to 3.6. Particularly, the construction management part, the level increased from 1.3 to 2.6.2) respondents recognize that quality management costs by applying six sigma is reduced. but there is only a little operational efficiency because it is In the early stage of applying six sigma quality management.