starving of finance in Construction industry

starving of finance in Construction industry

The need of hour of every construction industry is to acheive a
balance between quality and costs throughout the integration of the
entire supply chain including clients, professional advisers,
designers, contractors, sub-contractors and suppliers of materials to
manage risk, to develop designs which improve the "buildability" and
value of projects, to encourage innovation and to drive waste out of
the process.

Construction industries are suffering from capacity constraints, lack
of trained manpower and managerial skills with performance much below
international level. Contract agreement continues to be heavily loaded
in favour of client/owner. Quality, safety, environment and social
aspects are also not being addressed properly in India.

Looking into starving of finance in Construction industry, the need
for widespread implementation of good practice now has a greater
degree of urgency to maintain a better relationship between clients
and the entire supply chain.


Siddhartha Sharma
PMA (Project Management Associates)