Economic Challenges in Joint Venture Infrastructure Projects: Towards Contractor's Quality of Life

Romeli, Norsyakilah; Halil, Faridah Muhamad; Ismail, Faridah; Shukor, Ani Saifuza Abd

doi:10.1016/j.sbspro.2016.10.215

Cited by 11 publications

(5 citation statements)

References 9 publications

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“…Energy firms have to reduce the negative effects liaise with their operations. From the previous studies the main challenges of joint ventures are political risks, cultural adaptation and economics [8]. Political risk is highlighted as essential by Adnan H., Bakar Z.A., Banford J.…”

Section: Resultsmentioning

confidence: 99%

Methodological approach to risk-assignment for joint ventures in energy industry

Dudnik

2020

E3S Web Conf.

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The article provides guidance about risk allotment regarding to joint ventures operating in energy industry. Energy industry has been overwhelmed by risk, in compare to other branches. To diminish the chance of failure on international partnership, risk management techniques should be based on methodological principals. The paper presents outlook to risk in response to the stage of a joint project. The methodological approach is structured in accordance with risk group hierarchy received with Delphi evaluation method. Thus, joint ventures parties are allowed to complete an effective review in order to implement risk reduction actions.

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Section: Resultsmentioning

confidence: 99%

Methodological approach to risk-assignment for joint ventures in energy industry

Dudnik

2020

E3S Web Conf.

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“…These findings were supported by Ikuabe [5,51], who expressed that the economic benefits of joint venture partnerships contribute to the successful operations of joint ventures in the construction industry. Zhang [74,75] maintained that differences in the economic importance of joint venture partners significantly impacts joint venture success in the construction industry. Thus, the economic viability of the country or each partner in joint ventures is an essential condition that needs critical consideration by all partners.…”

Section: Factor 5: Economic Viabilitymentioning

confidence: 99%

Joint Ventures in the South African Construction Industry: Factors Militating against Success

Seiso,

Ogunbayo,

Aigbavboa

2023

Buildings

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Joint construction ventures are a global business partnership approach to accomplishing jointly executed construction objectives. The success of joint ventures is not achieved without militating factors and complexity affecting the process. This study assessed the militating factors against joint venture success in the construction industry in South Africa. A quantitative research approach was adopted, using a purposive sampling technique to select participants for this study. In total, 190 copies of the questionnaire were sent out to construction stakeholders in Gauteng province, South Africa, and 185 copies of the questionnaire were retrieved. Data analysis was conducted in three stages: data reliability and validity, descriptive statistics, and exploratory factor analysis. The exploratory factor analysis (EFA) returned seven factors that provided a relevant understanding of the militating factors against joint venture success: differences in partners’ work values, ineffective regulatory frameworks, undefined goals, clashes between partners’ cultural values, economic viability, operational constraints, and conflicts of interest. This study recommends that joint venture formulation requires due diligence from partners to understand policy, organisational culture, sharing ratios, and economic viability to avoid unnecessary conflicts of interest and operational constraints.

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“…Findings from the study suggest that the most common barriers to construction joint venture success in both Australia and Malaysian construction industries include differences in organizational policies, inconsistent management styles, a lack of mutual understanding between joint venture team members and a lack of mutually-agreed upon-conflict resolution mechanisms between joint venture contracting parties. Romeli, Halil, Ismail and Shukor (2016) investigated the economic challenges in joint ventures infrastructure projects. The study categorized economic challenges as joint ventures into internal and external challenges.…”

Section: Journal Of Surveying Construction and Property (Jscp)mentioning

confidence: 99%

Evaluation of Joint Ventures in Property Development in Lagos, Nigeria

Oyedeji

2020

JSCP

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Joint venture is a new financing model adopted in property development. However, there is little or no research in evaluating the model which this study aimed at achieving. The study populations are the members of Real Estate Developers Association of Nigeria in Lagos. Data were gathered through structured questionnaires administered to the study population. Gathered data were presented and analyzed through tables, chats and likert scales. Findings from the study revealed that residential property is the class of property mostly developed through joint venture in the study area. Also, the most prevalent parties that go into a joint venture agreement in the study area are; private property developer and financial institutions and the least prevalent are private property developers and the government. Financing is the most important term in a joint venture agreement in the study area and the least important term is acquisition of equipment. Finally, financing is the most prevalent problem of joint venture in the study area and breach of joint venture agreement is the least. Recommendations were made on how to solve joint ventures problems in property development. Also, there is need for further research on the nature of relationship between parties going into joint ventures.

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Economic Challenges in Joint Venture Infrastructure Projects: Towards Contractor's Quality of Life

Cited by 11 publications

References 9 publications

Methodological approach to risk-assignment for joint ventures in energy industry

Methodological approach to risk-assignment for joint ventures in energy industry

Joint Ventures in the South African Construction Industry: Factors Militating against Success

Evaluation of Joint Ventures in Property Development in Lagos, Nigeria

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