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Chan, T K (2009) Measuring performance of the Malaysian construction industry. Construction Management and Economics, 27(12), 1231–44.

Doloi, H (2009) Analysis of pre-qualification criteria in contractor selection and their impacts on project success. Construction Management and Economics, 27(12), 1245–63.

Haroglu, H, Glass, J and Thorpe, T (2009) A study of professional perspectives on structural frame selection. Construction Management and Economics, 27(12), 1209–17.

Hui, E C-m and Ng, I (2009) Price discovery of property markets in Shenzhen and Hong Kong. Construction Management and Economics, 27(12), 1175–96.

Laryea, S (2009) Subcontract and supply enquiries in the tender process of contractors. Construction Management and Economics, 27(12), 1219–30.

Wang, J, Liu, J, Liao, Z and Tang, P (2009) Identification of key liability risks of supervision engineers in China. Construction Management and Economics, 27(12), 1157–73.

Ye, K, Lu, W and Jiang, W (2009) Concentration in the international construction market. Construction Management and Economics, 27(12), 1197–207.

  • Type: Journal Article
  • Keywords: international construction market; business concentration; intensity of competition; moderate competition
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446190903222429
  • Abstract:
    With the involvement of an increasing number of contractors in the international construction market, venturing overseas has been fraught with fierce competition and considerable uncertainties. This underscores the importance of examining the extent to which the intensity of competition (IoC) for international construction business is moderate. Concentration is a conventional IoC measure. By synthesizing four major concentration methods including concentration ratio, entropy, Gini coefficient and the Herfindahl index, a new model for measuring moderate IoC is thus proposed. Using the 28 years ENR-based data of the top 225 international contractors (TIC 225) in the proposed model, the IoC for international construction business is found to be moderate, if the magnitude of the market shares occupied by the top four international contractors is 0.2735. The finding revises a popular view that international construction competition has been intensifying only since 2002. It is implied that the proposed model favours a better understanding of competition characteristics in the international construction market and provides new insights into the theories about concentration.