Determination of the key operational variables of construction companies that impact on their corporate performance

 

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dc.contributor.advisor Windapo, Abimbola en_ZA
dc.contributor.advisor Cattell, Keith en_ZA
dc.contributor.author Tucker, George Cyril Dauda en_ZA
dc.date.accessioned 2015-07-01T08:46:18Z
dc.date.available 2015-07-01T08:46:18Z
dc.date.issued 2014 en_ZA
dc.identifier.citation Tucker, G. 2014. Determination of the key operational variables of construction companies that impact on their corporate performance. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/13200
dc.description Includes bibliographical references. en_ZA
dc.description.abstract Small building contractors in South Africa often struggle to produce quality work on time and have a high rate of business failure. In an effort to improve the effectiveness and viability of smaller construction firms in South Africa, this research investigates key operational variables affecting their corporate financial performance. Operational variables relevant to financial performance were identified through a literature review. A questionnaire was then designed to assess the extent to which these variables are perceived to influence the financial performance of construction companies. The study participants were technical and management staff at small and medium-sized building and civil engineering construction companies categorized from grades 2 to 6 on the South African Construction Industry Development Board (cidb) registers, in four provinces of South Africa. Sixty-two valid responses were received. Based on how the respondents rated the variables in the study, it appears that contractors generally perceive four factors as having the greatest impact on corporate performance: technical ability (the possession and effective use of plant and equipment), financial management skills (in order to accumulate financial capital), training of staff in organizational knowledge in skills transfer and networking with industry stakeholders. Contractors across the five cidb grades did not differ significantly in their ratings of the importance of the operational variables and their indicators. The study also found that the perceived importance of three key operational variables (technical ability, financial capacity and networking) was positively related to the actual financial performance of companies, as measured by turnover, net assets and profit margin. The study concludes that construction companies need to prioritize the development of these key factors to improve their corporate performance. The findings will be of significance to contractors, industry practitioners, project managers and members of the research community in understanding the key operational variables that are crucial to construction firms’ success and effective project delivery. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Construction Economics and Management en_ZA
dc.title Determination of the key operational variables of construction companies that impact on their corporate performance en_ZA
dc.type Master Thesis
uct.type.publication Research en_ZA
uct.type.resource Thesis en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Engineering and the Built Environment
dc.publisher.department Department of Construction Economics and Management en_ZA
dc.type.qualificationlevel Masters
dc.type.qualificationname MPhil en_ZA
uct.type.filetype Text
uct.type.filetype Image
dc.identifier.apacitation Tucker, G. C. D. (2014). <i>Determination of the key operational variables of construction companies that impact on their corporate performance</i>. (Thesis). University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Construction Economics and Management. Retrieved from http://hdl.handle.net/11427/13200 en_ZA
dc.identifier.chicagocitation Tucker, George Cyril Dauda. <i>"Determination of the key operational variables of construction companies that impact on their corporate performance."</i> Thesis., University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Construction Economics and Management, 2014. http://hdl.handle.net/11427/13200 en_ZA
dc.identifier.vancouvercitation Tucker GCD. Determination of the key operational variables of construction companies that impact on their corporate performance. [Thesis]. University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Construction Economics and Management, 2014 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/13200 en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Tucker, George Cyril Dauda AB - Small building contractors in South Africa often struggle to produce quality work on time and have a high rate of business failure. In an effort to improve the effectiveness and viability of smaller construction firms in South Africa, this research investigates key operational variables affecting their corporate financial performance. Operational variables relevant to financial performance were identified through a literature review. A questionnaire was then designed to assess the extent to which these variables are perceived to influence the financial performance of construction companies. The study participants were technical and management staff at small and medium-sized building and civil engineering construction companies categorized from grades 2 to 6 on the South African Construction Industry Development Board (cidb) registers, in four provinces of South Africa. Sixty-two valid responses were received. Based on how the respondents rated the variables in the study, it appears that contractors generally perceive four factors as having the greatest impact on corporate performance: technical ability (the possession and effective use of plant and equipment), financial management skills (in order to accumulate financial capital), training of staff in organizational knowledge in skills transfer and networking with industry stakeholders. Contractors across the five cidb grades did not differ significantly in their ratings of the importance of the operational variables and their indicators. The study also found that the perceived importance of three key operational variables (technical ability, financial capacity and networking) was positively related to the actual financial performance of companies, as measured by turnover, net assets and profit margin. The study concludes that construction companies need to prioritize the development of these key factors to improve their corporate performance. The findings will be of significance to contractors, industry practitioners, project managers and members of the research community in understanding the key operational variables that are crucial to construction firms’ success and effective project delivery. DA - 2014 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2014 T1 - Determination of the key operational variables of construction companies that impact on their corporate performance TI - Determination of the key operational variables of construction companies that impact on their corporate performance UR - http://hdl.handle.net/11427/13200 ER - en_ZA


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