Competitive strategy and performance of quantity surveying firms in Malaysia. Journal of Construction in Developing Countries, 19 (2). pp. 15-32. ISSN 2180-4222 (2014)
Abstract
An exigent construction industry demands all construction firms including Quantity Surveyors to continuously improve their services to create a competitive edge. Employing the right strategy is crucial as rivalry is not limited to existing QS firms but extends to new entrants and foreign firms. An uncertain financial climate has left companies with less opportunities and resources to commission new building projects, but in certain professions, this financial instability has caused a lack of job security. Therefore, the role of the quantity surveyor has increased in importance as they are perceived to be responsible for ensuring that the company meets its financial targets on its projects within the construction industry (Fanous, 2012). Quantity surveyors are traditionally known for their cost estimating services in the construction industry. However, concurrent with escalating demands from clients and pressures from the industry, quantity surveying (QS) firms have diversified their range of services beyond these traditional boundaries. A consultant QS will provide services to their clients from the initial appointment until the project concludes, with a certain amount of professional fees that in turn need to be used to sustain their firms. The survival and eventually the growth of the firms depend on the number or continuity of projects they secure without intermission. QS firms need to respond to new opportunities, new geographical locations and new ways of doing business.
| Item Type: | Article |
|---|---|
| Keywords: | Competitive strategy, Business performance, Quantity surveying firms, Malaysian construction, Economic influence, Firm competitiveness |
| Taxonomy: | By Subject > Architecture, Planning & Surveying > Quantity Surveying By Subject > Architecture, Planning & Surveying > Construction Management |
| Local Content Hub: | Subjects > Architecture, Planning & Surveying |
| Depositing User: | Amirza Suryati Maliki |
| Date Deposited: | 26 Jan 2021 21:34 |
| Last Modified: | 26 Jan 2021 21:34 |
| Related URLs: |
Actions (login required)
 |
View Item |