Construction Enterprises Research Articles

Study on the application of construction project cost control in China

Project cost control is a hot issue in construction enterprise management and a key factor to determine the return on project investment. With the continuous summary of modern project management experience, systematic, comprehensive and dynamic management methods and ideas gradually began to be adopted. As a controllable system, cost system is the key to determine the market competitiveness of construction enterprises. This paper combines qualitative research with quantitative research, normative research with empirical research, theoretical research with practical research, and makes comprehensive use of previous research results to provide guidance for the practical operation of cost control in construction enterprises. Firstly, it introduces the important factors affecting the cost and the background and purpose of the project cost control, and then analyzes the object and content of the project cost control and analysis. Finally, the phenomenon of "three super" and the deviation of the project cost are analyzedd and discussed. It is of great practical significance to study project cost control for promoting the reform of investment system and improving market competitiveness of construction enterprises.

Analysis and prospect of green building engineering based on BIM technology

Accelerating the application of information integration technology, represented by Building Information Modelling (BIM) technology, in green building projects is important to meet the demands of sustainable and high-quality development of the construction sector. According to the development status of BIM technology, the specific application of BIM technology in green building design and construction is first introduced. On this foundation, the importance of the appropriate BIM technology functions to the creation of green buildings is examined. It shows the outstanding advantages of green building projects based on BIM technology. In the architectural design stage, BIM technology can accommodate more architectural details than traditional design, and greatly improve the efficiency of information communication between project parties during the design process. In terms of building construction, building details being planned using BIM technology can greatly reduce the waste of resources. Thus, it can meet the requirements of green construction and provide guarantee for the construction period and quality. This paper can provide technical reference for the BIM-based green building design and construction stage application of similar projects by relevant practitioners and construction enterprises.

Analysis of factors of willingness to adopt intelligent construction technology in highway construction enterprises

This study aims to investigate the factors that influence the willingness of highway construction enterprises in China to adopt intelligent construction technology. Based on the existing literature, a TOSE framework was proposed, and four dimensions and 15 hypothesized influencing factors were identified through expert interviews. By using a combination of PLS-SEM and ANN, 513 survey data were analyzed to determine the linear and non-linear relationships of the influencing factors on the willingness to adopt. The results showed that all 14 hypothesized factors had varying degrees of positive or negative effects on the willingness to adopt, except for organizational culture, which was found to have no significant impact. Specifically, technology cost was found to be the most influential negative factor, while market demand and organizational structure were the most influential positive factors. The findings of this study have important reference value for decision makers and participants in highway construction enterprises, as well as other construction companies when considering the adoption of smart construction technologies. The originality of this research lies in the novel application of the TOSE framework to investigate smart construction technology adoption, and the combined use of PLS-SEM and ANN to examine both linear and nonlinear relationships between variables for the first time.

Network infrastructure construction and heterogeneous enterprise innovation quasi-natural experiment based on “Broadband China”

Based on the technology choice model proposed by Bustos (2011) and the infrastructure spillover model developed by Dugga (1999), this paper aims to explore the multifaceted effects of network infrastructure construction on both radical and incremental enterprise innovation, while considering the micro perspective of enterprise and industry heterogeneity. The findings of this study uncover the following significant insights: (1) The implementation of network infrastructure construction exerts a substantial positive impact on both radical and incremental innovation within enterprises, affirming its crucial role in fostering innovation capabilities; (2) In the context of firm heterogeneity, the impact of network infrastructure construction on fostering radical and incremental innovation is particularly pronounced among medium-sized and large-scale enterprises, as well as state-owned enterprises; (3) Network infrastructure construction stimulates radical innovation primarily among local enterprises, whereas export-oriented enterprises tend to benefit more from incremental innovation; (4) When considering industry heterogeneity, the analysis demonstrates that network infrastructure construction fosters radical innovation in industries characterized by high concentration, intense competition, and advanced technology. On the other hand, in industries with low concentration and limited competition, network infrastructure construction tends to facilitate incremental innovation within enterprises. (5) Moreover, the study finds that the impact of network infrastructure construction on enterprise innovation is mediated by talent structure and financing constraints. These factors serve as crucial conduits through which network infrastructure construction facilitates both radical and incremental innovation. Furthermore, the paper acknowledges that the digital transformation of enterprises partially regulates these channels. Overall, this research offers valuable insights for enterprises in developing countries aiming to strengthen various forms of innovation in the digital era.

Research on stability of major engineering technology innovation consortia based on evolutionary game theory

Currently, major engineering projects have become increasingly complex, necessitating continuous technological innovation in response to improved social productivity. Innovation consortia, as typical organizations driving technological advancement, face challenges such as uncertain decision-making behavior and organizational instability, particularly in major engineering technology innovation consortia (METIC). This study aims to explore innovation behavior strategies and investigate the factors influencing consortium stability. Drawing from extensive literature research and practical scenarios, this paper outlines the evolutionary game problem and theoretical assumptions within METIC, focusing on the interplay between construction enterprises and research institutions. By constructing and deducing an evolutionary game model, we analyze the effects of various factors, such as the initial state, distribution coefficients of innovation income, reputation loss, and others, on the stability of innovation consortia. Additionally, we simulate the dynamic evolution process of strategy selection. Our findings reveal that evolution behavior is significantly influenced by the initial state. Furthermore, an optimal range of innovation income distribution coefficient exists, and factors like government incentives, penalties, and reputation loss positively influence the evolution towards active strategies. Conversely, factors like absorptive capacity, risk coefficient, and distrust coefficient inhibit the evolution towards active strategies. The research outcomes and managerial implications presented in this study serve as a valuable reference for enhancing the stability of METIC, thus fostering successful technological innovation and progress in major engineering projects.

Optimization of location and capacity of the system of road construction machinery centers in Vietnam

The article deals with the problem of optimizing the system of centers for ensuring the performance of road construction machines in Vietnam. In order to improve quality and meet maintenance and repair needs, a systematic approach is needed for the entire fleet of road construction machines in Vietnam. Three variants of the structure of the system for ensuring the operability of road construction equipment in Vietnam are considered, taking into account the possibility of cooperation with construction enterprises. For the proposed variants of the structure, a mathematical model was developed based on the transport problem of optimizing the placement and capacity of centers for ensuring the performance of road construction machines and industrial and technical construction enterprises on the basis of cooperation. A technique for solving the problem using the simulation annealing method is proposed. As a result of optimization, two options for the location and capacity of the system of centers for ensuring the performance of road construction machines were obtained. Keywords: road construction machines, operability, placement optimization, annealing simulation, maintenance, repair

Optimization of location and capacity of the system of road construction machinery centers in Vietnam

The article deals with the problem of optimizing the system of centers for ensuring the performance of road construction machines in Vietnam. In order to improve quality and meet maintenance and repair needs, a systematic approach is needed for the entire fleet of road construction machines in Vietnam. Three variants of the structure of the system for ensuring the operability of road construction equipment in Vietnam are considered, taking into account the possibility of cooperation with construction enterprises. For the proposed variants of the structure, a mathematical model was developed based on the transport problem of optimizing the placement and capacity of centers for ensuring the performance of road construction machines and industrial and technical construction enterprises on the basis of cooperation. A technique for solving the problem using the simulation annealing method is proposed. As a result of optimization, two options for the location and capacity of the system of centers for ensuring the performance of road construction machines were obtained. Keywords: road construction machines, operability, placement optimization, annealing simulation, maintenance, repair

Management tools for the public-private partnership model of construction enterprises

The article explores the mechanisms and challenges of applying public-private partnership (PPP) in strategic management of construction enterprises in Ukraine. It analyzes the impact of globalization and liberalization on the effectiveness of construction firms and seeks ways to optimize PPPs to ensure their adaptation to the changing market conditions. The article emphasizes the need to harmonize PPP practices with contemporary demands of sustainable development and to define a set of criteria that take into account economic, technical, organizational, and social aspects. Five main groups of criteria are proposed, aimed at improving PPP models and assessed through a wide range of indicators, including in line with the policy of the European Union. Expert interviews have been used to determine the relevance of the criteria, allowing for an objective assessment of the importance of each one. The essence of PPP as a tool for strategic management, providing a coordinated interaction between the state and private investors in the construction sector, is provided. The current state and prospects for the development of PPPs in Ukraine are analyzed, taking into account international experience and the specifics of the national market. The defined criteria and sub-criteria for innovative development should form the basis for creating an effective management model that considers all aspects of sustainable development and facilitates the implementation of strategic initiatives. The research results highlight the importance of technical-technological and organizational development as key elements of a successful PPP model. The proposed approaches and recommendations may serve as a foundation for improving the management of construction enterprises, including through the introduction of innovative technologies and management methods

Управління інноваційним розвитком будівельних підприємств : реалії та перспективи

The article examines the role of innovative development in ensuring the effective functioning and development of domestic enterprises in the construction industry in modern conditions. The key factors affecting the success of the implementation of innovations in construction enterprises are systematized and the principles of managing their innovative development are defined. Features and challenges faced by construction enterprises in the field of innovative development in the conditions of martial law in Ukraine are outlined. The main trends in the management of innovative development of construction enterprises were analyzed, which currently include: green construction and carbon-free production as elements of a circular (closed loop) economy; 3D printing technology in construction; digitization of processes/services, use of augmented reality technology; predictive analysis involving artificial intelligence technologies; mobile access technologies and integration of disparate data in processes; robotization of certain works and use of drones; development of the “smart cities” concept. Recommendations and proposals for improving the management of innovative development of construction enterprises to achieve sustainable growth and competitiveness in this field have been developed. The strategy of innovative development of construction enterprises is proposed. The strategy of managing the innovative development of construction enterprises may include the following steps and stages: analysis of the needs and capabilities of enterprises; definition of strategic goals; resource planning; research and development of new technologies, products or services that can be implemented in the enterprise of the construction industry; financing of innovative projects; implementation and commercialization of innovations in practice; monitoring and evaluation of the effectiveness of implemented innovations; ensure establishment of an innovative culture at the enterprise; development of partnership relations with other enterprises; attraction of customers and clients; provision of training and dissemination of knowledge about innovations among the company's employees; establishment of cooperation with state bodies, institutions.

Developing a structural model of stakeholders’ behavior toward BIM adoption in construction enterprises

Building Information Modeling (BIM) has been recognized as a potential technology for revolutionizing the design, construction and operational management of projects. Its success depends on the functions and quality of BIM, as well as the needs, behaviors, and attitudes of users. The process of innovation adoption is presented as a series of phases, from initiation to the decision to adopt and the implementation of the innovation. This study develops a comprehensive model based on the innovation adoption process to describe the relationships between the enabling factors and technology use behaviors that address fundamental problems in adopting BIM in construction companies. The proposed model is then evaluated using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results reveal that there are the interrelationships between the enabling factors. It is also found that economic viability positively affects behavioral intention to use BIM, while economic viability, company business vision, and intention to use BIM positively influence BIM usage behavior. The study findings can be used for organizations in building strategies to improve user readiness and satisfaction, ultimately increasing BIM usage in the future. This research provides a scientific foundation for construction companies to enhance workplace efficiency and promote project commercialization.

The Analysis Of E-Commerce Logistics Efficiency Of The Ukrainian Construction Enterprises

An important component of successful economic activity of industrial enterprises is the optimal sales model combined with e-commerce opportunities. The article analyzed two construction materials manufacturing enterprises categories: those using exclusively a sales network for the promotion of their products, and those developing a direct sales system to the final consumer via electronic commerce. These are basically two different logistical approaches to the process of selling their own products. The efficiency of using e-commerce logistics means is determined by the correlation of sales expenses index with an indicator of enterprises' net income. It was proved sales expenses' indicator affects the dynamics of the net income indicator positively only for the enterprises using e-commerce logistics as a means of setting up a direct sales channel for their products. The article provides recommendations for creating an optimal logistics e-commerce system for construction materials manufacturing enterprises.

Factors Impacting Participation of Small and Medium Enterprises in Construction on Public Procurement in South Africa

Introduction: Since Autorefractors nowadays have become mainstream and available in almost all clinical setups Autorefractors to make measurements swiftly. So in such a situation , it is necessary to compare the results of different refraction measurement devices including Autorefractors and retinoscopy with subjective corrections in Myopia and Hypermetropia. Methods : This is a descriptive study done among 100 patients visiting Ophthalmology OPD with Myopia and Hypermetropia in Saveetha medical college selected by convenience Sampling . The data collect ed will be tabulated and analyzed using SPSS. Results: Patients were divided into two age groups to find out age wise distribution of type of refractive errors and comparing the results from the subjective examination and results given by the Autorefractive meter it is clearly from this study that the difference between two methods was almost negligible and that Autorefractors are also a reliable method of measurement in a large clinical setup. But, on the other hand, manual retinoscopy still prove to be far better and efficacious technique yielding accurate results when it is used to check for refractive errors in individuals. Conclusion: In this study, we conclude that autorefractors are also reliable and can also be used to estimate refractive errors in a clinical setup, even though manual retinoscopy remains the most accurate and efficacious method..

Impact of Accounting Information System on Performance of Vietnamese Construction Enterprises

Purpose: The article analyzes the impact of the accounting information system on the performance of Vietnamese construction enterprises, providing more empirical evidence on the impact of the accounting information system to the performance of Vietnamese construction enterprises. Theoretical framework: This paper uses Organizational information processing theory, Situation theory, System Theory. Design/Methodology/Approach: The research method uses a questionnaire survey of accountants, chief accountants, business managers. Firm Performance, AIS Availability, AIS Security and Integrity, AIS Confidentiality and Privacy, AIS System Quality measured on a five-point Likert scale Very good, good, moderate, not good, weak. Findings: Research results show that AIS Availability, AIS Security and Integrity, AIS Confidentiality and Privacy, AIS System Quality has a positive impact on the performance of Vietnamese construction enterprises. Research, Practical & Social implications: Based on the research results, the author has proposed recommendations to improve the performance of construction enterprises in Vietnam. Originality/Value: This study fills the gap in the the the impact of the accounting information system on the performance of Vietnamese construction enterprises.

ІННОВАЦІЙНІ ТЕХНОЛОГІЇ В ДІЯЛЬНОСТІ БУДІВЕЛЬНИХ ПІДПРИЄМСТВ ТА ПІДВИЩЕННЯ ЕФЕКТИВНОСТІ ЇХ ВПРОВАДЖЕННЯ В УМОВАХ КОНКУРЕНЦІЇ ТА ДИНАМІЧНИХ ЗМІН

The article discloses innovative technologies in the activities of construction enterprises and increasing the efficiency of their implementation in the conditions of competition and dynamic changes. It has been established that the development and functioning of construction enterprises is under the influence of the innovation mechanism and applied innovations. Accordingly, in order to achieve success and ensure sustainable development, construction enterprises must implement innovative technologies that not only increase the efficiency of production processes, but also contribute to the creation of competitive advantages. It has been proven that the introduction of innovative technologies allows to reduce costs, reduce project execution time, improve the quality of construction works and improve labor safety. At the same time, the success of innovation implementation largely depends on the ability of enterprises to adapt to new conditions, learn new work methods and effectively manage changes. An analysis of the Index of construction products for the period of 2022 was carried out in terms of months and building types. The specified index reflects the change in the volumes of manufactured construction products (completed construction works) for the periods selected for comparison, deflated by the relevant price indices in construction. It was determined that a change in the index of construction products can have significant consequences for the economy and the social sphere, therefore it is important to carefully monitor this indicator and analyze the reasons for its changes in order to take timely measures to stabilize the situation. The results of the change of the Index of construction products are substantiated. The growth of the index of construction products means an increase in the volume of production in the construction industry for a certain period of time in comparison with the previous period. The growth of the Construction Products Index is an important indicator that indicates positive trends in the economy and the construction industry in particular. This creates optimistic prospects for further development and investment in the sector. It has been established that construction enterprises should pay special attention to the analysis of best practices and recommendations for increasing the efficiency of innovative processes, which in the context of constant changes in market conditions and increased competition will contribute to their economic growth.

Determinants of Management Efficiency Using IT Systems in the Context of Regionally Dispersed Construction Enterprises in Poland

Determinants of Management Efficiency Using IT Systems in the Context of Regionally Dispersed Construction Enterprises in Poland

A Study on Need of Robust Financial Management and Accounting System with Reference to Construction Industry

In today’s scenario, it’s uncertain to set up a construction firm. Many construction enterprises quit their business operations every year. Due to the specific characteristics of the construction business, running a successful construction firm demands a professional set of financial management abilities and robust accounting system. The construction industry, in contrast to other sectors, faces a number of obstacles, such as: (1) an ongoing demand to create unique projects; (2) the need to construct projects at various sites; (3) the handling of retention and advance payments; and (4) a reliance on subcontractors for the successful completion of operations. This study attempts to know the significance of robust financial management and accounting systems in the construction industry.

Safety Culture system elements of Small and Medium-sized Construction Enterprises and its evaluation method

While the construction industry has contributed significantly to the construction of national infrastructure and the enhancement of residents’ living quality, many small and medium-sized construction industries have still been troubled by frequent accidents. Safety accidents have become an essential factor affecting their development of them. The construction of a safety culture is a critical way to solve this kind of problem and enhance the essential safety of these enterprises. Here, adopting the expert survey method, integrating the construction of safety culture with the existing system and work content, an element system of safety culture construction that contains eight primary elements and 32 secondary elements was developed, which could provide a practical and theoretical reference for the construction of safety culture in small and medium-sized construction enterprises. Through the expert survey method and hierarchical analysis method, the weights and sorting of each element were determined, which could guide the construction of enterprise safety culture efficiently. Next, a quantitative evaluation based on a fuzzy comprehensive evaluation of the overall effect of the construction of safety culture was proposed. It could support small and medium-sized construction enterprises to discover the short boards of construction, formulate strategies for continual improvement, and assess the safety culture of construction. Meanwhile, this safety culture system and evaluation method could be a reference for management departments or third-party organizations to manage and evaluate this type of enterprise.

ENSURING THE ECONOMIC SECURITY OF CUSTOMERS AND CONTRACTORS DURING THE ELIMINATION OF THE CONSEQUENCES OF ARMED AGGRESSION

Ukraine is trying with all its might not to sink under the weight of the war. In the event of hostilities, the construction industry, like other sectors of the economy, found itself in a difficult situation, on the verge of collapse. Nevertheless, the Ukrainians could not be defeated, and most of the Developers resumed construction on the spot. The article is devoted to the topic of ensuring the economic security of Customers and Contractors of the construction industry of Ukraine while eliminating the consequences of armed aggression, which reveals the global problem of restoring the wartime housing stock. The article presents the mechanism of movement of financial flows, which should also be taken into account during the post-war recovery. Previously existing methods were analyzed. Examples of current documents regarding the determination of issues of economic security of construction enterprises are given, in which various methods and tasks are applied. An approach for improving methodical support for economic security monitoring is proposed. Economic security in Ukraine is one of the most prioritized functional areas of security. This is the state of protection of the country's national economy from external and internal threats, which ensures the country's economic sovereignty, the unity of its economic space, and the conditions for the implementation of Ukraine's strategic national priorities. The construction sector occupies one of the leading places in the country's economy. It is a multifaceted and multifunctional structure. Any changes that occur in any of the interrelated sectors of the economy lead to a reaction from the market, which undoubtedly affects the construction sector. One of the main features of the modern industrial and construction sector is the ability to work in the face of threats to economic security. One of the main tasks facing the economy of Ukraine and requiring serious consideration is the implementation of measures aimed at stabilizing the work of construction enterprises, including design enterprises. A competently built system of ensuring economic security with the use of existing or built corporate resources is able to create the necessary conditions for achieving business goals and maximizing profits. It is not yet known how all the processes will proceed in the conditions of military and post-war conditions. Economic factors in the construction industry are regularly reviewed. And these questions remain unresolved and relevant to this day.

Extreme Climate Risk and Financial Performance in the Construction Industry: Empirical Evidence from Listed Companies in China

Climate change has led to frequent occurrence of extreme weather events, which seriously affect human life and production in terms of frequency, intensity and duration. It has become one of the important risk factors faced by enterprises, and the construction industry occupies an important position in China's national economy, which is inevitably affected by extreme weather. Therefore, based on the panel data of Chinese A-share construction enterprises from 2010 to 2022, this article studies the impact of extreme climate on corporate financial performance. It is found that the extreme low temperature climate significantly improves the financial performance risk of the construction industry, while the extreme high temperature climate and extreme rainfall climate have no significant impact on the financial performance of the construction industry. This study expands the literature on the impact of extreme weather on the performance of listed companies, encourages enterprises to further recognize the importance of extreme climate, and provides suggestions for corporate managers on how to deal with extreme climate.

Can the development of digital construction reduce enterprise carbon emission intensity? New evidence from Chinese construction enterprises

IntroductionWith the rapid development of digital technology and its deep integration with the engineering and construction field, digital construction has become an effective way for low-carbon transformation in the construction industry. However, there is a gap of empirical research between digital construction and carbon emissions. MethodsThis paper empirically investigates the impact of digital construction level on carbon emission intensity and the mechanism of action by using the two-way fixed effects model and mechanism testing based on the panel data of 52 Shanghai and Shenzhen A-share listed companies in China’s construction industry from 2015 to 2021. ResultsThe findings indicate that the improvement of digital construction level can significantly decrease the carbon emission intensity of construction enterprises, and the conclusions still hold after robustness tests and discussions on endogeneity issues such as replacing core explanatory variables, replacing models, using instrumental variables method, system GMM model and difference in differences model. According to a mechanism analysis, digital construction can curb carbon emission intensity by enhancing the R&D innovation capacity and total factor productivity of enterprises. Furthermore, the heterogeneity analysis shows that the improvement of digital construction level in state-owned enterprises as well as civil engineering construction enterprises can better contribute to reducing carbon emission intensity. DiscussionThis paper will provide a reference for the synergistic optimization of digital construction development and carbon emissions reduction in construction enterprises. The research conclusions are going to promote the digital transformation of the construction industry to accelerate the achievement of the carbon peaking and carbon neutrality goals.