International Journal of Business and Management Review (IJBMR)

EA Journals

site management

An analysis of factors for increase in financial turnover gap between construction companies established during same time period in KSA (Published)

The purpose of this research is to explore the various management related factors influencing the construction companies of Saudi Arabia and try to determine if the corporate management team or the site management team has a significant effect on the overall performance and success of construction companies. The study has made use of quantitative research methods with deduction approach. This research is conducted by using web-based survey questionnaire targeted at the sample size of 400 professionals from all regions of Saudi Arabia including all demographic levels. As per the results, highest RII scorings of the success/failure factors related to the corporate management (Payments delay, Poor cost estimation, Weakness of the financial and technical capabilities of some contractors and Delays in decision making by management team) revealed the importance of corporate management issues for the survival of Saudi Arabian construction companies. The result analyses also revealed that the success/failure factors related to project management team were less supported by participants with the exception being the factor of ‘poor project management’.The results obtained from the research would provide insight to companies for better identification of issues that may be facing the organisation and therefore, helpful in formation of policies that may benefit the organisation.This is the first research which covers all of five major grading areas: Roads, Water and sanitation work, Buildings, Electrical work, and Mechanical work with grade I,II, III & IV classified contractors including all thirteen provinces of Saudi Arabia. The literature review revealed that none of previous research cover aforementioned grading areas and demography.

Keywords: Corporate Management, Financial Performance, Success/failure factors, construction companies, site management

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