Empirical Study on the Obstacles to the Success of Joint Ventures in Construction Projects

As an effective way of completing technically complex buildings or large-scale infrastructure projects, a joint venture contracting approach has recently been widely used in the construction industry. However, numerous unfavorable results can occur in practice when undertaking construction joint ven...

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Bibliographic Details
Published in:Advances in civil engineering 2020, Vol.2020 (2020), p.1-12
Main Authors: Hong, Yuming, Wang, Xuetong, Yu, Zhiwei, Lu, Chen
Format: Article
Language:English
Subjects:
Alliances
Barriers
Civil engineering
Collaboration
Competitive advantage
Construction industry
Cooperation
Corporate culture
Cultural factors
Developing countries
Engineers
Host country
Joint ventures
Knowledge management
Knowledge sharing
LDCs
Literature reviews
Political risk
Risk assessment
Skills
Success factors
Technology transfer
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Summary:As an effective way of completing technically complex buildings or large-scale infrastructure projects, a joint venture contracting approach has recently been widely used in the construction industry. However, numerous unfavorable results can occur in practice when undertaking construction joint ventures (CJVs). The contribution of this paper is its exploration of the potential obstacles to CJV practices and identification of the root causes of failure. First, through a literature review, semistructured interviews, and a questionnaire survey, seventeen variables were identified; the top three obstacle variables were (1) inconsistent management styles, (2) incompatible organizational cultures, and (3) organizational policy differences. Second, four grouped factors were extracted: (1) unfair and noneffective management; (2) lack of communication, understanding, and mutual trust; (3) policy, management style, and organizational cultural differences; and (4) potential conflicts beyond the CJV partnership. Finally, several strategies were proposed. The research findings could not only contribute to knowledge of CJVs but also provide valuable insights into promoting broader, better applications of CJV projects and contributing to their success.
ISSN:1687-8086
1687-8094
DOI:10.1155/2020/1748198