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Burleson, R C, Haas, C T, Tucker, R L and Stanley, A (1998) Multiskilled Labor Utilization Strategies in Construction. Journal of Construction Engineering and Management, 124(06), 480–9.

Camfield, F E (1998) Guidelines for Quarrystone Armor Units. Journal of Construction Engineering and Management, 124(06), 465–6.

Diekmann, J E and Featherman, W D (1998) Assessing Cost Uncertainty: Lessons from Environmental Restoration Projects. Journal of Construction Engineering and Management, 124(06), 445–51.

Finke, M R (1998) A Better Way to Estimate and Mitigate Disruption. Journal of Construction Engineering and Management, 124(06), 490–7.

Harper, R S and Koehn, E (1998) Managing Industrial Construction Safety in Southeast Texas. Journal of Construction Engineering and Management, 124(06), 452–7.

Kale, S and Arditi, D (1998) Business Failures: Liabilities of Newness, Adolescence, and Smallness. Journal of Construction Engineering and Management, 124(06), 458–64.

  • Type: Journal Article
  • Keywords:
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(1998)124:6(458)
  • Abstract:
    The contextual factors of a company, particularly age and size, are commonly argued to have important implications on its survival chances. The research presented in this paper explores these implications in the context of the construction industry by analyzing the age distribution of failed construction companies and computing age-specific failure probabilities over a 10-year period (1985–1994). The research findings support the liability of adolescence rather than the liability of newness concept. Computed age-specific failure probabilities reveal a pattern of failure in the U.S. construction industry where the risk of failure increases initially with increasing age, reaches a peak point and decreases thereafter as companies grow older. Youngness of a construction company, which implies lack of organizational learning and lack of legitimacy, coupled with smallness, appears to be the main factor explaining this pattern. The paper finally addresses the strategic implications of increasing turbulence in the construction industry on the survival or failure of construction firms.

Konchar, M and Sanvido, V (1998) Comparison of U.S. Project Delivery Systems. Journal of Construction Engineering and Management, 124(06), 435–44.

Molenaar, K R and Songer, A D (1998) Model for Public Sector Design-Build Project Selection. Journal of Construction Engineering and Management, 124(06), 467–79.

Sonmez, R and Rowings, J E (1998) Construction Labor Productivity Modeling with Neural Networks. Journal of Construction Engineering and Management, 124(06), 498–504.