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Consortia for Export of Construction Services in Singapore
George Ofori; Javier C. Cuervo
2005
Conference Name11th Joint CIB International Symposium Combining Forces - Advancing Facilities Management and Construction through Innovation Series
Source PublicationProceedings of 11th Joint CIB International Symposium Combining Forces - Advancing Facilities Management and Construction through Innovation Series
Pages42-56
Conference Date13 Jun 2005 - 16 Jun 2005
Conference PlaceHelsinki, Finland
Author of SourceTechnical Research Centre of Finland
Abstract

After a period of continuous decline since 1998, the volume of demand for construction in 2003 was less than S$10 billion (US$1.00 = S$1.76), half the peak level in 1996. The progressive decline was precipitated by the Asian financial and economic crisis in 1997, and has persisted despite the recovery of the economy in Singapore. It is suggested that the level of activity will continue to be around S$15 billion in the medium term. Thus, the construction market in Singapore will not offer a sufficient volume of work for firms in the industry to grow. It has been suggested in several studies, and has been realised within the industry that firms must export their services to the region in order to thrive. Singapore firms have been operating overseas since the 1970s. Their activities have tended to be within the South-East Asia region. Currently, China and India are considered to be countries which offer considerable potential volumes of activity. Singapore firms have different competitive advantages in each of these countries, and some firms have recorded significant successes. The literature highlights some pre-requisites for success in international construction. From these conceptual constructs, small and medium enterprises (SMEs) have no scope in this market. A major recent phenomenon in Singapore is the formation of both uni-disciplinary and multidisciplinary consortia to seek, bid for, and undertake construction projects overseas. This paper focuses on the SME consortia which are being formed in Singapore for international construction. It is based on a field study comprising interviews of senior practitioners and members of some consortia. The paper begins with a consideration of the literature on international construction and, in particular, the prerequisites for success and firms’ strategies. It then presents the situation in Singapore. The results of the interviews are analysed and appropriate inferences drawn. Some appropriate actions for ensuring the formation of strong consortia and enhancing their performance on overseas projects are suggested.

KeywordInternational Construction Pre-requisites Competitiveness Consortium Corporate Performance
URLView the original
Language英语
Fulltext Access
Document TypeConference paper
CollectionFaculty of Business Administration
DEPARTMENT OF MANAGEMENT AND MARKETING
HONOURS COLLEGE
AffiliationNational University of Singapore
Recommended Citation
GB/T 7714
George Ofori,Javier C. Cuervo. Consortia for Export of Construction Services in Singapore[C]//Technical Research Centre of Finland,2005:42-56.
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