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Building an integrated vertical chain - a factor for sustainable construction

Journal: International Journal of Modern Research in Engineering and Technology (Vol.3, No. 11)

Publication Date:

Authors : ;

Page : 11-38

Keywords : Bilateral Monopoly; Construction Firm-Buyer/Seller; Construction Market; Integrated Vertical Chain; Sustainable Construction;

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Abstract

The concept of sustainable construction is increasingly affecting the development of the construction market.The specificity of construction as an economic activity and ofthe construction product (goods and services) determine the existence of a complex vertical chain of links, involving different actors, who tend to work in the short term and are limited to the rational use of knowledge and experience in practice. Moreover, it is characterized by a low level of inter-company relationshipsresulting in a fragmentation of responsibilityand complicates and hinders the realization of projects and sites,which meet the requirements of sustainable construction. Sustainable construction requires a holistic approach and substantial changes in the organization of construction activity, both at the market and firm level, under the active role of the state. The aim of the study is: 1) analysis of problems in the vertical chain of connections in the construction market, 2)an analysis of the possibilities for creating stable long-term relationships and a joint approach of clients, contractors and subcontractors, which can provide economic, social and environmental efficiency of the construction.

Last modified: 2019-01-07 23:13:50