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Bassioni, H A, Price, A D F and Hassan, T M (2005) Building a conceptual framework for measuring business performance in construction: an empirical evaluation. Construction Management and Economics, 23(05), 495-507.

Chan, J K W, Tam, C M and Cheung, R (2005) Monitoring financial health of contractors at the aftermath of the Asian economic turmoil: a case study in Hong Kong. Construction Management and Economics, 23(05), 451-8.

  • Type: Journal Article
  • Keywords: Contractors; financial health; monitoring; case study; Hong Kong
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/0144619042000190207
  • Abstract:

    The whole construction industry (contractors, consultants and suppliers) is suffering from business shrinking under the prevailing deflationary economy in Hong Kong. Local contractors are facing tremendous financial problems. The financial situation of a typical local contractor has been analysed for the years since 1997 – the Asian Economic Crisis. By using the financial ratios together with one of Altman’s distress models, it is possible to monitor and assess the financial health of contractors. Based on the results of the case study, the financial health of the contractor under study is found satisfactory. In addition to this quantitative analysis, it is advisable for local contractors to conduct a strategic review for their construction industry and their business environment so as to improve their financial performance in both the near future and longer term.

Ellis, R C T, Wood, G D and Keel, D A (2005) Value management practices of leading UK cost consultants. Construction Management and Economics, 23(05), 483-93.

Kirkham, R J and Boussabaine, A H (2005) Forecasting the residual service life of NHS hospital buildings: a stochastic approach. Construction Management and Economics, 23(05), 521-9.

Lee, S-H, Thomas, S R and Tucker, R L (2005) The relative impacts of selected practices on project cost and schedule. Construction Management and Economics, 23(05), 545-53.

Li, B, Akintoye, A, Edwards, P J and Hardcastle, C (2005) Critical success factors for PPP/PFI projects in the UK construction industry. Construction Management and Economics, 23(05), 459-71.

Ling, F Y Y, Ibbs, C W and Cuervo, J C (2005) Entry and business strategies used by international architectural, engineering and construction firms in China. Construction Management and Economics, 23(05), 509-20.

Nyström, J (2005) The definition of partnering as a Wittgenstein family-resemblance concept. Construction Management and Economics, 23(05), 473-81.

Zayed, T M and Halpin, D W (2005) Deterministic models for assessing productivity and cost of bored piles. Construction Management and Economics, 23(05), 531-43.