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Albert, A, Hallowell, M R and Kleiner, B M (2014) Enhancing Construction Hazard Recognition and Communication with Energy-Based Cognitive Mnemonics and Safety Meeting Maturity Model: Multiple Baseline Study. Journal of Construction Engineering and Management, 140(02).
Arashpour, M, Wakefield, R, Blismas, N and Lee, E W M (2014) Analysis of Disruptions Caused by Construction Field Rework on Productivity in Residential Projects. Journal of Construction Engineering and Management, 140(02).
Brockman, J L (2014) Interpersonal Conflict in Construction: Cost, Cause, and Consequence. Journal of Construction Engineering and Management, 140(02).
Chen, Z, Abdullah, A B, Anumba, C J and Li, H (2014) ANP Experiment for Demolition Plan Evaluation. Journal of Construction Engineering and Management, 140(02).
Chong, D, Wang, Y, Guo, H and Lu, Y (2014) Volatile Organic Compounds Generated in Asphalt Pavement Construction and Their Health Effects on Workers. Journal of Construction Engineering and Management, 140(02).
Dehghan, R and Ruwnapura, J Y (2014) Model of Trade-Off between Overlapping and Rework of Design Activities. Journal of Construction Engineering and Management, 140(02).
Deng, F and Smyth, H (2014) Nature of Firm Performance in Construction. Journal of Construction Engineering and Management, 140(02).
Jafarzadeh, R, Ingham, J M, Wilkinson, S, González, V and Aghakouchak, A A (2014) Application of Artificial Neural Network Methodology for Predicting Seismic Retrofit Construction Costs. Journal of Construction Engineering and Management, 140(02).
Kasapoğlu, E (2014) Leadership Styles in Architectural Design Offices in Turkey. Journal of Construction Engineering and Management, 140(02).
Khalili, A and Chua, D K (2014) Integrated Prefabrication Configuration and Component Grouping for Resource Optimization of Precast Production. Journal of Construction Engineering and Management, 140(02).
Lopez del Puerto, C, Clevenger, C M, Boremann, K and Gilkey, D P (2014) Exploratory Study to Identify Perceptions of Safety and Risk among Residential Latino Construction Workers as Distinct from Commercial and Heavy Civil Construction Workers. Journal of Construction Engineering and Management, 140(02).
Lu, W, Ye, K, Flanagan, R and Jewell, C (2014) Nexus between Contracting and Construction Professional Service Businesses: Empirical Evidence from International Market. Journal of Construction Engineering and Management, 140(02).
- Type: Journal Article
- Keywords: Contracts; Construction industry; International factors; Construction management; Contracting; Construction professional services; Lead-lag effect; International construction market; Organizational issues;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000802
- Abstract:
The construction market around the world has witnessed the growing eminence of construction professional services (CPSs), such as urban planning, architecture, engineering, and consultancy, while the traditional contracting sector remains strong. Nowadays, it is not uncommon to see a design firm taking over the work of a traditional main contractor, or vice versa, of overseeing the delivery of a project. Although the two sectors of contracting and CPS share the same purpose of materializing the built environment, they are as different as they are interrelated. Much has been mentioned about the nexus between the two but little has been done to articulate it using empirical evidence. This study examined the nexus between contracting and CPS businesses by offering and testing lead-lag effects between the two sectors in the international market. A longitudinal panel data composed of 23 top international contractors and CPS firms was adopted. Surprisingly, results of the panel data analyses show that CPS business does not have a significant positive causal effect on contracting as a downstream business, and vice versa. CPS and contracting subsidiaries, although within the same company, do not necessarily form a consortium to undertake the same project; rather, they often collaborate with other CPS or contracting counterparts to undertake projects. This paper provides valuable insights into the sophisticated nexus between contracting and CPS in the international construction market. It will support business executives’ rational decision making for selecting proper contracting or CPS allies, or a proper mergers and acquisitions strategy in the international market. The paper also provides a fresh perspective through which researchers can better investigate the diversification strategies adopted by international contracting and CPS firms.
Martin, H and Lewis, T M (2014) Pinpointing Safety Leadership Factors for Safe Construction Sites in Trinidad and Tobago. Journal of Construction Engineering and Management, 140(02).
Rosenbaum, S, Toledo, M and González, V (2014) Improving Environmental and Production Performance in Construction Projects Using Value-Stream Mapping: Case Study. Journal of Construction Engineering and Management, 140(02).
Stamatiadis, N, Goodrum, P, Shocklee, E and Wang, C (2014) Quantitative Analysis of State Transportation Agency’s Experience with Constructability Reviews. Journal of Construction Engineering and Management, 140(02).
Zhao, T and Dungan, J M (2014) Improved Baseline Method to Calculate Lost Construction Productivity. Journal of Construction Engineering and Management, 140(02).