Margin of Profit: Teamwork

Norris, William E.

doi:10.1061/(asce)9742-597x(1990)6:1(20)

Cited by 16 publications

(7 citation statements)

References 1 publication

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“…The financial performance criteria adopted by this research that impact the corporate performance of construction companies are profitability and turnover. JEDT 13,4 Beatham et al (2004) opines that profitability is a key performance indicator and is described as an increment on cost or financial gain (Norris, 1990), the basic goal for running a business (Tam, 2002;Naoum, 2003) and a function of timely delivery (Soetanto et al, 2001). According to Armstrong (2006), turnover is the volume of contract performed by construction companies, usually rated per year of its operation.…”

Section: Overview Of the Constructs Of Corporate Performance And Operating Variablesmentioning

confidence: 99%

Exploring the use of financial capacity as a predictor of construction company corporate performance

Tucker

Windapo

Cattell

2015

Journal of Engineering, Design and Technology

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Purpose – The purpose of this paper is to examine the resilient operational variables that impact the corporate performance of construction companies in the South African construction industry and to explore whether financial capacity can be used as a predictor of construction company performance in the context of the South African construction industry. Design/methodology/approach – The operational variables of construction companies that impact their corporate performance were identified through an in-depth review of the extant literature. A combination of convenience and snowball sampling techniques were used in identifying 185 building and civil engineering construction companies based in four provinces of South Africa and registered in Grades 2-6 of the Construction Industry Development Board (CIDB) contractor grading register. The data used in the study were collected from this cohort of respondents through the use of structured questionnaires. At the end of the study period, 62 valid responses representing a response rate of 33.5 per cent were received. Data collected were analyzed using descriptive and inferential statistics. Findings – The findings of this study indicate that there is a significant positive relationship between the financial capital and net assets of construction companies and their corporate performance in terms of turnover. The data collected did not support any significant relationship between other operating financial variables, such as Return on Capital Employed and profitability and financial performance. Research limitations/implications – A predictive model for predicting the financial performance of firms was developed from the data collected. The implication of this is that the more financial capital possessed by a construction company, the more the company’s financial performance in terms of turnover. The CIDB can use financial capacity as a measure when grading contractors, as a good number of contractors are not performing. The predictive model developed could be adopted by the CIDB as an instrument for predicting the corporate financial performance of construction companies that seek to be listed on their contractor grading register. Originality/value – This research will be of significance to researchers and members of the research community in providing new knowledge as well as to contractors in enabling them to understand the importance of having financial capital. It is also of importance to the CIDB in their quest for contractor and construction industry development. Further research to validate the results obtained in this study using a larger sample size across more provinces of South Africa will form the basis of future studies.

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Section: Overview Of the Constructs Of Corporate Performance And Operating Variablesmentioning

confidence: 99%

Exploring the use of financial capacity as a predictor of construction company corporate performance

Tucker

Windapo

Cattell

2015

Journal of Engineering, Design and Technology

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“…Therefore, construction firms should be aware that their project is properly managed to gain profit (Chan et al, 2002;Parfitt and Sanvido 1993). Norris (1990) measures profit as the increase in the ratio of revenues to cost. Profitability refers to the total net revenue over total costs.…”

Section: Profitabilitymentioning

confidence: 99%

Success Factors For Construction Projects

Ergönül

2017

TasKur

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“…Pinto and Slevin [7] Time, cost, performance, use, satisfaction and effectiveness Chan [8] Construction time, speed of construction, unit cost, percentage net variation over final cost, client's satisfaction on cost, time, quality, functionality and overall satisfaction, designer's overall satisfaction and contractor's overall satisfaction Shenhar, Levy, and Dvir [9] Project efficiency, impact on the customer, direct and business success and preparing for the future Lipovetsky, Tishler, Dvir and Shenhar [10] Meeting design goals, benefits to the customer, benefits to the developing organization and benefits to the defense and national infrastructure Songer and Molenaar [11] Budget, schedule, meets specification, conforms to user's expectation, high quality of workmanship and minimizes construction aggravation Norris [12] Budget, financial performance and profitability Maloney [13] Time and cost, quality and productivity/efficiency Parfitt and Sanvido [14] Time and cost, budget/financial performance/profitability, health and safety, quality, meeting technical performance, specification and functionality, satisfaction of client/customer, contractor, project manager/team satisfaction, expectation/aspiration of client/contractor project manager/team and satisfaction…”

Section: Reference Success Criteriamentioning

confidence: 99%

A Circular Framework for Evaluating Highway Construction Projects Success: AHP Approach

2016

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Success has always been the ultimate goal of every activity, and a construction project is no exception. There are few topics in the field of project management that are so frequently discussed and yet so rarely agreed upon as that the notion of project success criteria. Usually much of the national budget on infrastructure development is channelled to highway construction projects. However, no official studies have been presented before to evaluate the performance this industry in Egypt. Consequently, this reflects the importance of this study which aims at laying out a standard framework which identifies the criteria for measuring projects success. The identified criteria, in turn, can be used as a tool to help the stakeholders of the highway projects in Egypt in judging the project performance and success during the project's post-construction phase. Using a detailed literature review thirteen success measures are identified (four objectives and nine subjective). Furthermore, the analytic hierarchy process (AHP) is adopted to prioritize the identified measures based on accumulative knowledge of academic experts in highways construction industry through the application of questionnaire survey. The study establishes that project completed on time, project completed within budget, health, safety and number of accidents, profitability and quality in construction are the most significant measures used for assessing the highway projects performance and success.

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Margin of Profit: Teamwork

Cited by 16 publications

References 1 publication

Exploring the use of financial capacity as a predictor of construction company corporate performance

Exploring the use of financial capacity as a predictor of construction company corporate performance

Success Factors For Construction Projects

A Circular Framework for Evaluating Highway Construction Projects Success: AHP Approach

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