<abstract xmlns="http://www.w3.org/1999/xhtml"><p>On the construction market the participants tend to work in the short term and are limited rational using the accumulated knowledge and experience in their practice. In addition, it is characterized by a low level of inter-company connections, i.e. the same team seldom works together more than one project, resulting in a fragmentation of responsibility. The complex relationships between the firms involved in the vertical chain of value creation in construction objectively impose the need for their improvement and more efficient management. The aim of the study is the analysis the possibilities of creating a relatively stable relationship and a joint approach of clients, contractors and subcontractors by deepening the specialization and differentiation of each intermediate product, improving the quality of the final product, optimizing the costs, creating a higher additional value at each stage of the chain and ensuring economic, social and environmental performance of construction.</p></abstract>

On the construction market the participants tend to work in the short term and are limited rational using the accumulated knowledge and experience in their practice. In addition, it is characterized by a low level of inter-company connections, i.e. the same team seldom works together more than one project, resulting in a fragmentation of responsibility. The complex relationships between the firms involved in the vertical chain of value creation in construction objectively impose the need for their improvement and more efficient management. The aim of the study is the analysis the possibilities of creating a relatively stable relationship and a joint approach of clients, contractors and subcontractors by deepening the specialization and differentiation of each intermediate product, improving the quality of the final product, optimizing the costs, creating a higher additional value at each stage of the chain and ensuring economic, social and environmental performance of construction.

Improving the Partnership between the Participants in the Vertical Chain of the Construction Market

University of Architecture, Civil Engineering and Geodesy

Ovidius University Annals of Constanta - Series Civil Engineering

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

On the construction market the participants tend to work in the short term and are limited rational using the accumulated knowledge and experience in their...

Improving the Partnership between the Participants in the Vertical Chain of the Construction Market

Published Online: Feb 23, 2019

Page range: 19 - 29

DOI: https://doi.org/10.2478/ouacsce-2018-0002

Keywords
construction firm, construction market, integrated vertical chain of management, public-private partnerships (ppps), strategic alliances, vertical connections and constraints, vertical integration

© 2018 Aneta Marichova, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Improving the Partnership between the Participants in the Vertical Chain of the Construction Market

Published Online: Feb 23, 2019

Page range: 19 - 29

DOI: https://doi.org/10.2478/ouacsce-2018-0002

Keywordsconstruction firm, construction market, integrated vertical chain of management, public-private partnerships (ppps), strategic alliances, vertical connections and constraints, vertical integration

© 2018 Aneta Marichova, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
construction firm, construction market, integrated vertical chain of management, public-private partnerships (ppps), strategic alliances, vertical connections and constraints, vertical integration