Factors facilitating construction industry development

Abstract

This paper reports on a study aimed at identifying the key factors associated with construction industry development worldwide, by using a grounded theory approach. This involved, firstly, the identification of 62 variables from earlier studies. A questionnaire survey was then used to elicit views of the current strength of each variable. The resulting data were factor analysed and a set of eight key factors obtained comprising: (1) Industry-led better practice and culture; (2) Financial resources and investor confidence; (3) Human skills and culture of transparency; (4) Government policies and strategies supporting construction business; (5) Research and Development for construction; (6) Self-reliant construction culture; (7) Institutional support; and (8) Supportive attitudes from Aid agencies. These appear to be relevant to both developed and developing countries.