Factors Leading To Success of Indian Construction Companies.

Abstract

Achieving success is a highly critical issue for the companies to survive in a competitive business environment. The construction industry is also an area where there is strong competition due to a large number of construction contractors. There have been many factors such as qualified employees, quality workmanship and financial management that can lead to company success in the construction industry. The aim of this study was to investigate the critical factors leading to construction company success. Within this context, a survey was carried out among 7 Indian construction companies which are located in the Aurangabad district of Maharashtra region of India. In this survey, top-level managers and owners of the companies were interviewed. The interviews took place over a three month period between August and October 2013. Finally, the ranking of the critical success factors has been determined by using the Point Rating Technique. Based on the results, Cash flow management characteristics was determined as the most important factor to company success