Modelling construction business performance
CRC Construction Innovation (2008) Modelling construction business performance. CRC for Construction Innovation, Brisbane.
Searching academic databases for records on ‘business failure’, ‘business distress’ or ‘bankruptcy’ yields a large body of studies on qualitative, empirical, theoretical and simulation aspects. It is a central part of this research to distil from this large quantity of potentially relevant reports and methodologies those which can both flag and predict business failure in the construction industry. An additional search term, such as, ‘construction’, ‘construction industry’ or ‘contractor’ yields a much smaller number of hits, many of which emphasize the construction industry’s distinctive characteristics. We scientists need first to understand the subject of investigation and the environment in which it lives. To do so, an analysis of existing successful and failed approaches to particular research questions is helpful before embarking on new territory. This guides the structure of the following report for we first review papers that specifically report on aspects of business failure in the construction industry followed by, (a) an overview of promising candidates borrowed from other disciplines and industries, and (b) a possible novel approach. An Australian (Queensland) perspective on the topic will also drive this investigation as most of the published research has been applied to the US and UK construction industries.
Impact and interest:
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|Keywords:||CRC for Construction Innovation, Program A : Business and Industry Development, Project 2005-017-A : Modelling Construction Business Performance|
|Divisions:||Current > Research Centres > CRC Construction Innovation|
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|Deposited On:||25 Aug 2009 02:39|
|Last Modified:||09 Jun 2010 13:58|
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