Abstract
According to the Central Bank statistics of Sri Lanka, construction industry contributes around 10% of the GDP. Moreover, the construction industry output directly relies on the construction contractors’ performance out of which most of the contractors are local. Therefore, local construction contractors are the top most significant characters in the industry. Thus, enhancing the performance of local contractors assist the development of national economy. Hence, the aim of the research study is to identify significant facts about the status of large-scale local contractors. At the outset, a comprehensive literature review was undertaken to identify the strengths, weaknesses, opportunities and threats of contractors. With the expert interviews, factors related to local contractors were identified. Then a questionnaire survey was carried out to rank the factors in order to identify the most significant factors. As per the findings Sri Lankan construction industry is furnished with many significant strengths and weaknesses. However, external factors such as labor scarcity, frequently changing government policies, skilled labor migration and prequalification criteria in major projects are the threats that affect the local contractors. Few opportunities are available for local contractors such as gain experience on megaprojects, technology transfer and improved management and coordination capability.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.