Timetric’s Construction Intelligence Centre (CIC) indicates that the ability to deliver projects on time and the quality of work ate significant factors for the choice of contractors and sub-contractors.
The results of a survey of project owners, main contractors and sub-contractors suggest that global project owners place priorities of work on time, quality of work and delay resolution as the top three important factors in choosing a main contractor. These results are similar across the four regions of North America, Europe, Asia-Pacific and Rest of the World. Only respondents in North America nominated safety as the top priority. Lower priorities were payment flexibility, innovation and past experience with project owners.
According to Neil Martin, Manager at Timetric CIC: “Contractor selection techniques have become more sophisticated. With the use of multi criteria evaluation methods looking at a number of factors such as cost, time, quality, managerial safety accountability, staff behaviour and delay resolution, it is increasingly important that contractors are aware of trends in contractor choice.”
The top responses from main contractors in choosing sub-contractors did not differ greatly from the priorities of project owners.
“Choice of main contractor and sub-contractors is mainly driven by the requirement of project owners to guarantee delivery on time of quality projects. This responsibility filters down to all levels of the contracting process with the added need for projects to be safely managed and not to substantially exceed the agreed cost of the tender. The research shows that among important factors, quality assurance will be a dominant theme in contracting with more sub-contractors having to adopt quality assurance and control systems to guarantee quality of work,” comments Martin.
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/europe-cis/05022016/timetric-reveals-priorities-in-choosing-contractors-446/