Volume 6, Issue 4 (April 2019), Pages: 59-64
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Original Research Paper
Title: Identifying the key competitiveness indicators for construction contractors
Author(s): Vy Dang Bich Huynh 1, Phong Thanh Nguyen 2, *, Thu Anh Nguyen 3, Quyen Le Hoang Thuy To Nguyen 4, Tien Thi Hoai Nguyen 3
Affiliation(s):
1Department of Learning Material, Ho Chi Minh City Open University (HCMCOU), 97 Vo Van Tan Street, District 3, Ho Chi Minh City, Vietnam
2Department of Project Management, Ho Chi Minh City Open University (HCMCOU), 97 Vo Van Tan Street, District 3, Ho Chi Minh City, Vietnam
3Department of Construction Engineering and Management, Ho Chi Minh University of Technology (HCMUT), Ho Chi Minh City, Vietnam
4Office of Cooperation and Research Management, Ho Chi Minh City Open University (HCMCOU), 97 Vo Van Tan Street, District 3, Ho Chi Minh City, Vietnam
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* Corresponding Author.
Corresponding author's ORCID profile: https://orcid.org/0000-0002-6180-2520
Digital Object Identifier:
https://doi.org/10.21833/ijaas.2019.04.007
Abstract:
In today's context of international economic integration and globalization, competition is an objective rule in the commodity production system. Competition is also part of the operational mechanisms of the global market economy. To improve enterprise competitiveness, construction companies need to be concerned. The process involves assessing the competitiveness of the contractors operating in construction activities and the publication of the ranking results to create transparency in the selection of the contractors and improve the quality of the bidding competition. This research identified the indicators necessary for assessing the competitiveness of a contractor in civil and industrial engineering in Vietnam. A survey was used to collect the data for the analysis. The results illustrate that the key competitiveness indicators (KCI) aggregated in six main groups: (1) management skills, (2) financing ability, (3) contractor image, (4) human resources strength, (5) relationships and marketing ability, and (6) technical capacity. This result provides useful information necessary to help construction contractors better understand their strengths and weaknesses and then take the related actions necessary to improve and develop their competitive strategies.
© 2019 The Authors. Published by IASE.
This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Keywords: Civil engineering, Competitiveness indicator, Construction contractor, Project management
Article History: Received 28 September 2018, Received in revised form 6 February 2019, Accepted 10 February 2019
Acknowledgement:
The authors gratefully acknowledge Ho Chi Minh City Open University (HCMCOU), 97 Vo Van Tan Street, District 3, Ho Chi Minh City, Vietnam for supporting this research.
Compliance with ethical standards
Conflict of interest: The authors declare that they have no conflict of interest.
Citation:
Huynh VDB, Nguyen PT, and Nguyen TA et al. (2019). Identifying the key competitiveness indicators for construction contractors. International Journal of Advanced and Applied Sciences, 6(4): 59-64
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