A review of growth for construction service companies in global markets

Flanagan, R., Jewell, C. and Anac, C. (2009) A review of growth for construction service companies in global markets. In: Fifth International Conference on Construction in the 21st Century (CITC-V) “Collaboration and Integration in Engineering, Management and Technology”, 20-22 May 2009, Istanbul, Turkey, pp. 950-958.

Abstract/Summary

Throughout the developed world, professional services play an increasingly important part in an economy, with many countries showing a substantial positive trade balance for services. Yet, there has been relatively little research on construction services (CS) and, in particular, how well professional service companies (PSFs) perform in the international arena. The method for collecting services export information differs to the way in which goods and products exports data are gathered because of the intangible nature of services. Organisational growth of companies aims to share risks across different regions and sectors, however, the rapidly changing business environment challenges companies with the increasing foreign ownership and changes in procurement. The complexity of today’s international construction services organisations raises two questions: how the organisations can successfully manage growth and what are their motives for international trade. The research focuses on top UK consulting engineering companies to understand their organisational strategy, their export strategy, and drivers for overseas activities. The data will feed a model of professional services exports, which can help to inform the way services export data could be collected to better reflect the industry’s performance.