Abstract
In South Africa, the development of Small scale emerging contractors (SSECs) has become vital to bring about economic prosperity and the government has prioritised the advancement of SSECs as the vehicle towards achieving economic growth, development and job creation for previously disadvantaged people. This paper reviewed related construction studies on small scale contractors and highlighted unique roles and challenges as they relate to emerging construction businesses. The paper established that the main challenges affecting SSECs included finance, skills shortage, enabling environment and competition. Based on data analysis, it is imperative for the South African government to develop a clear and more comprehensive small business contracting policies that would enhance growth and profitability of Small scale emerging contractors.
Highlights
In every economy, the construction industry plays an important role to improve the socioeconomic conditions of its citizens [1]
In South Africa, the development of Small scale emerging contractors (SSECs) has become vital to bring about economic prosperity and the government has prioritised the advancement of SSECs as the vehicle towards achieving economic growth, development and job creation for previously disadvantaged people
The SSECs are vital to the performance of the industry and the economy at large. In view of this background, this paper examines the role played by SSECs in the development of the South African economy
Summary
The construction industry plays an important role to improve the socioeconomic conditions of its citizens [1]. The industry is mainly dominated by clients, contractors, consultants, shareholders and regulators as its key stakeholders. Construction industry is guided by [2] who defined it as “an economic entity which plans, designs, constructs, alters, maintains, repairs and eventually demolishes buildings of various kinds”, this includes civil work, architectural and structural works. The industry is a project-based sector within which individual projects are custom built to client specification [3]. According to [4], a contractor is a person or body of persons who undertake/s to execute and complete construction works
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