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Abidin, N Z and Pasquire, C L (2005) Delivering sustainability through value management: Concept and performance overview. Engineering, Construction and Architectural Management, 12(02), 168–80.

Arayici, Y and Aouad, G (2005) Computer integrated construction: an approach to requirements engineering. Engineering, Construction and Architectural Management, 12(02), 194–215.

Chan, J K W, Tam, C M and Cheung, R K C (2005) Construction firms at the crossroads in Hong Kong: Going insolvency or seeking opportunity. Engineering, Construction and Architectural Management, 12(02), 111–24.

  • Type: Journal Article
  • Keywords: Construction industry; financial performance; Hong Kong
  • ISBN/ISSN: 0969-9988
  • URL: http://puck.emeraldinsight.com/vl=3798359/cl=28/nw=1/rpsv/cgi-bin/linker?ini=emerald&reqidx=/cw/mcb/09699988/v12n2/s1/p111
  • Abstract:
    Purpose - To assist contractors in Hong Kong to review their past financial performance and to formulate new strategies for their business survival in the coming years. Design/methodology/approach - The financial accounting ratios and distress scoring are very useful tools to measure the financial performance. These tools are also useful to compare the performance among themselves and over the years. The mathematical analysis together with a review of the current business environment and the characteristics of construction industry will assist contractors in Hong Kong to formulate new strategies for their own business survival in the coming years. Findings - The results have shown that the financial performance of most contractors in Hong Kong have been deteriorating very fast in the past few years. The results of all financial ratios, together with the prevailing situation of over competition, inelasticity of construction costs and reduced aggregate demand in Hong Kong, has revealed the extreme difficulty of reversing the financial performance in the coming years. Originality/value - Contractors in Hong Kong now understand that their own financial performance have been deteriorating to an alarming limit. There is an urgent need to review their business environment and to formulate new corporate strategies.

Fortune, C and Setiawan, S (2005) Partnering practice and the delivery of construction projects for Housing Associations in the UK. Engineering, Construction and Architectural Management, 12(02), 181–93.

Leung, M-y, Liu, A M M and Ng, S T (2005) Is there a relationship between construction conflicts and participants' satisfaction?. Engineering, Construction and Architectural Management, 12(02), 149–67.

Li, B, Akintoye, A, Edwards, P J and Hardcastle, C (2005) PFI procurement for construction projects in the UK: Findings from a questionnaire survey. Engineering, Construction and Architectural Management, 12(02), 125–48.