A construction company's decision to expand into international markets must be based on a
good understanding of the opportunities and threats associated with international business,
as well as the development of company strengths relative to international activities. These …

This paper presents a risk assessment model for international construction projects. The
International Construction Risk Assessment Model (ICRAM-1) assists the user in evaluating
the potential risk involved in expanding operations in an international market by analyzing …

International construction projects involve multinational participants from different political,
legal, economic, and cultural backgrounds. As one of the major issues affecting the
management of international construction projects, culture deserves wide research. This …

The international construction market is subject to many dynamic influences that can lead to
changes in the volume, mix and distribution of demand and sources of competitiveness. The
international construction firm faces several problems: physical, technological, financial …

Determination of an appropriate mark-up while bidding for international construction projects
is a critical decision. Level of mark-up is a function of risks associated with a project.
Construction companies may benefit from a tool that helps them to assess the level of risk so …

Political risk identification, measurement, and management are key to successful
international construction contracting. Multinational contractors are particularly sensitive to
quick, unexpected change in the political environment that affects principal cash-flow …

This paper identifies the risk factors associated with international construction joint ventures
(JVs) from and “integrated” perspective. The risk factors are grouped into three main
groups:(1) Internal;(2) Project-specific; and (3) External. It examines the most effective …

A few years ago I took on the apparently straightforward task of developing an international
construction module for the construction degree course at Teesside University. Experience
in an international business followed by work in government assisting other companies had …

The need to recognise and manage other cultures is an important component in this era of
globalisation. With China poised to take on a more dominant role in the world economy,
there is a pressing need to understand the Chinese style of management. Likewise, foreign …

This paper discusses the changing role of the construction sector at various stages of
economic growth and development. It argues that construction activity follows the bell-
shaped pattern of development of the manufacturing sector, its primary supplier and the old …