Contractors' strategies in joint venture during economic growth and economic downturn

The Malaysian economy nowadays registers positive growth ever since the global recession occurred in 2008-2009 and since then, more construction projects were proposed by the government in order to facilitate the needs of the nation. Along with the rapid growth in construction technology, joint vent...

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Main Authors: Abdul Aziz, Nur 'Izzati, Hasan, Sharina Farihah
Format: Proceeding Paper
Language:English
English
Published: 2015
Subjects:
Online Access:http://irep.iium.edu.my/49512/1/Paper_M1510_-_Izzati.pdf
http://irep.iium.edu.my/49512/8/49512.pdf
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author Abdul Aziz, Nur 'Izzati
Hasan, Sharina Farihah
author_facet Abdul Aziz, Nur 'Izzati
Hasan, Sharina Farihah
author_sort Abdul Aziz, Nur 'Izzati
collection IIUM
description The Malaysian economy nowadays registers positive growth ever since the global recession occurred in 2008-2009 and since then, more construction projects were proposed by the government in order to facilitate the needs of the nation. Along with the rapid growth in construction technology, joint venture can be seen as an option for contractors to share their resources and risks with other contractors. This paper aims to report on a study on the contractors’ strategies in joint venture for construction works during economic growth and economic downturn. Through desk study, it was found that the strategies include cost control, partner selection, marketing, etc. Consequently, questionnaire survey was conducted to validate the initial findings. The paper concludes that not all of the strategies highlighted in literatures are significant to be considered during the time when the economy is registering positive and negative economic growth.
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spelling oai:generic.eprints.org:495122016-05-16T03:04:20Z http://irep.iium.edu.my/49512/ Contractors' strategies in joint venture during economic growth and economic downturn Abdul Aziz, Nur 'Izzati Hasan, Sharina Farihah T Technology (General) TH Building construction The Malaysian economy nowadays registers positive growth ever since the global recession occurred in 2008-2009 and since then, more construction projects were proposed by the government in order to facilitate the needs of the nation. Along with the rapid growth in construction technology, joint venture can be seen as an option for contractors to share their resources and risks with other contractors. This paper aims to report on a study on the contractors’ strategies in joint venture for construction works during economic growth and economic downturn. Through desk study, it was found that the strategies include cost control, partner selection, marketing, etc. Consequently, questionnaire survey was conducted to validate the initial findings. The paper concludes that not all of the strategies highlighted in literatures are significant to be considered during the time when the economy is registering positive and negative economic growth. 2015 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/49512/1/Paper_M1510_-_Izzati.pdf application/pdf en http://irep.iium.edu.my/49512/8/49512.pdf Abdul Aziz, Nur 'Izzati and Hasan, Sharina Farihah (2015) Contractors' strategies in joint venture during economic growth and economic downturn. In: 14th Management in Construction Researchers’ Association (MiCRA) 2015, 12th-13th Nov. 2015, Kuala Lumpur. (Unpublished) https://micra14.wordpress.com/
spellingShingle T Technology (General)
TH Building construction
Abdul Aziz, Nur 'Izzati
Hasan, Sharina Farihah
Contractors' strategies in joint venture during economic growth and economic downturn
title Contractors' strategies in joint venture during economic growth and economic downturn
title_full Contractors' strategies in joint venture during economic growth and economic downturn
title_fullStr Contractors' strategies in joint venture during economic growth and economic downturn
title_full_unstemmed Contractors' strategies in joint venture during economic growth and economic downturn
title_short Contractors' strategies in joint venture during economic growth and economic downturn
title_sort contractors strategies in joint venture during economic growth and economic downturn
topic T Technology (General)
TH Building construction
url http://irep.iium.edu.my/49512/1/Paper_M1510_-_Izzati.pdf
http://irep.iium.edu.my/49512/8/49512.pdf
work_keys_str_mv AT abdulaziznurizzati contractorsstrategiesinjointventureduringeconomicgrowthandeconomicdownturn
AT hasansharinafarihah contractorsstrategiesinjointventureduringeconomicgrowthandeconomicdownturn