An empirical study on factors leading to the success of construction organizations in India

Abstract

Traditionally, construction organizations with a track record of successful project completion were considered successful construction organizations. However, if construction projects were successful, then it is not always necessary for the construction organization to also have been successful. They can even fail and go bankrupt. Therefore, there is a need to think about the success of construction organizations at a corporate level rather than focusing only at the project level. The objective of this study was to identify and to evaluate the successful attributes for construction organizations. The research methodology involved seeking responses from experts in the construction industry through a questionnaire survey. This paper presents the factors that contributed to the success of construction organizations that operate in the National Capital Region of Delhi, India. Factor analysis of responses extracted eight critical success factors: experience and performance, top management's competence, project factor, supply chain and leadership, availability of resources and information flow, effective cost control measures, favourable market and marketing team, and availability of qualified staff. The top management's competence emerged as the most critical success factor against various performance factors. The success factors that were identified in this study should provide a guideline to construction organizations for their success.