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Caven, V (2006) Career building: women and non-standard employment in architecture. Construction Management and Economics, 24(05), 457-64.

Cheah, C Y J and Liu, J (2006) Valuing governmental support in infrastructure projects as real options using Monte Carlo simulation. Construction Management and Economics, 24(05), 545-54.

Kale, S and Arditi, D (2006) Diffusion of ISO 9000 certification in the precast concrete industry. Construction Management and Economics, 24(05), 485-95.

Liu, A M M and Fang, Z (2006) A power-based leadership approach to project management. Construction Management and Economics, 24(05), 497-507.

Ramsaran, R and Hosein, R (2006) Growth, employment and the construction industry in Trinidad and Tobago. Construction Management and Economics, 24(05), 465-74.

Styhre, A and Josephson, P-E (2006) Revisiting site manager work: stuck in the middle?. Construction Management and Economics, 24(05), 521-8.

Wang, D, Hadavi, A and Krizek, R J (2006) Chinese construction firms in reform. Construction Management and Economics, 24(05), 509-19.

  • Type: Journal Article
  • Keywords: China; Chinese construction firms; reform; firm objective; firm behaviour; ownership form
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446190600704810
  • Abstract:

    Since the economic reforms that began 20 years ago, and especially with the enterprise reforms in recent years, ownership of Chinese construction firms has evolved from traditional state and collective ownership towards a mixed economy characterised by diversified ownership forms. Based on a questionnaire survey and personal interviews with individuals from firms representing four types of ownership, it has been determined that the majority of Chinese construction firms have already embraced commercial objectives and behaviour patterns similar to those of typical firms in developed market economies. Nevertheless, despite the important progress that the reforms have made, this study indicated that various construction firms during this transition are suffering serious difficulties caused by the former planned system and underdeveloped market mechanisms. Unfair practices were found to be quite serious in the construction market. Major problems stem from clients’ abnormal behaviour in forcing the price down, asking contractors to finance a project wholly or partially during its construction, and delays in payment; these actions have caused severe financial difficulties to Chinese firms and seriously disrupted the normal order of market stability.

Yiu, C Y and Tam, C S (2006) Rational under-pricing in bidding strategy: a real options model. Construction Management and Economics, 24(05), 475-84.

Zhang, G and Yang, J (2006) Factors influencing the implementation of the raised floor system in Australian office buildings. Construction Management and Economics, 24(05), 529-43.