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Ahuja, V, Yang, J and Shankar, R (2010) Benchmarking Framework to Measure Extent of ICT Adoption for Building Project Management. Journal of Construction Engineering and Management, 136(05), 538–45.
Alnuaimi, A S, Taha, R A, Al Mohsin, M and Al-Harthi, A S (2010) Causes, Effects, Benefits, and Remedies of Change Orders on Public Construction Projects in Oman. Journal of Construction Engineering and Management, 136(05), 615–22.
Chan, A P C, Lam, P T I, Chan, D W M, Cheung, E and Ke, Y (2010) Critical Success Factors for PPPs in Infrastructure Developments: Chinese Perspective. Journal of Construction Engineering and Management, 136(05), 484–94.
Chan, D W M, Chan, A P C, Lam, P T I and Wong, J M W (2010) Empirical Study of the Risks and Difficulties in Implementing Guaranteed Maximum Price and Target Cost Contracts in Construction. Journal of Construction Engineering and Management, 136(05), 495–507.
Cheung, S O, Yiu, T W and Chan, H W (2010) Exploring the Potential for Predicting Project Dispute Resolution Satisfaction Using Logistic Regression. Journal of Construction Engineering and Management, 136(05), 508–17.
Christodoulou, S E, Ellinas, G and Michaelidou-Kamenou, A (2010) Minimum Moment Method for Resource Leveling Using Entropy Maximization. Journal of Construction Engineering and Management, 136(05), 518–27.
Creedy, G D, Skitmore, M and Wong, J K W (2010) Evaluation of Risk Factors Leading to Cost Overrun in Delivery of Highway Construction Projects. Journal of Construction Engineering and Management, 136(05), 528–37.
Elyamany, A and Abdelrahman, M (2010) Contractor Performance Evaluation for the Best Value of Superpave Projects. Journal of Construction Engineering and Management, 136(05), 606–14.
Horta, I M, Camanho, A S and Da Costa, J M (2010) Performance Assessment of Construction Companies Integrating Key Performance Indicators and Data Envelopment Analysis. Journal of Construction Engineering and Management, 136(05), 581–94.
Javernick-Will, A N and Scott, W R (2010) Who Needs to Know What? Institutional Knowledge and Global Projects. Journal of Construction Engineering and Management, 136(05), 546–57.
Klotz, L and Horman, M (2010) Counterfactual Analysis of Sustainable Project Delivery Processes. Journal of Construction Engineering and Management, 136(05), 595–605.
Lim, J N, Schultmann, F and Ofori, G (2010) Tailoring Competitive Advantages Derived from Innovation to the Needs of Construction Firms. Journal of Construction Engineering and Management, 136(05), 568–80.
- Type: Journal Article
- Keywords: Innovation; Competition; Construction companies; Construction costs; Innovation; Competition; Construction companies; Construction costs;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000151
- Abstract:
Innovation is often classified as a cost intensive investment in the construction industry with indefinite returns. Due to the clients’ tendency to award projects based on the lowest costs, innovation is often seen as an unfeasible strategy toward the competitiveness that construction firms are seeking. This study questions whether it is indeed ineffective for construction firms to develop their competitive advantage through innovation. By the application of statistical data across 18 Organization for Economic Cooperation and Development (OECD) countries and expert interviews in Singapore, innovation systems models are developed for both manufacturing and construction firms, respectively. Through comparison of both models, the results suggest that the peculiarities of the construction industry deem innovation as a poor competitive instrument for direct profits. Instead, construction firms can develop their competitive advantage through manipulating innovations that consumers are willing to pay for and innovations that would reduce construction costs. It is recommended that construction firms first utilize quality improvements to exploit consumers’ willingness to pay for innovative products. This initiative would enable construction firms to improve their finances for innovation and develop their “brand” in construction products. Sustainable competitive advantage could then be firmly established when construction firms engage in productivity improvements that lead to lower construction costs and/or faster completion times. This study concludes that innovation can be a useful competitive tool if construction firms aptly strategize it in according to its competitive environment.
Rezgui, Y and Miles, J (2010) Exploring the Potential of SME Alliances in the Construction Sector. Journal of Construction Engineering and Management, 136(05), 558–67.
Yang, L and Shi, J J (2010) Experimental Study on the Impact of Rainfall on RCC Construction. Journal of Construction Engineering and Management, 136(05), 477–83.