Commenced in January 2007
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Edition: International
Paper Count: 87163
A Preliminary Study of the Subcontractor Evaluation System for the International Construction Market
Authors: Hochan Seok, Woosik Jang, Seung-Heon Han
Abstract:
The stagnant global construction market has intensified competition since 2008 among firms that aim to win overseas contracts. Against this backdrop, subcontractor selection is identified as one of the most critical success factors in overseas construction project. However, it is difficult to select qualified subcontractors due to the lack of evaluation standards and reliability. This study aims to identify the problems associated with existing subcontractor evaluations using a correlations analysis and a multiple regression analysis with pre-qualification and performance evaluation of 121 firms in six countries.Keywords: subcontractor evaluation system, pre-qualification, performance evaluation, correlation analysis, multiple regression analysis
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