Critical success factors for the performance of international construction joint ventures in the Sri Lankan construction industry

Abstract

International Construction Joint Ventures (ICJV) are formed to overcome difficulties in construction industry by the multinational parties. As Sri Lankan construction industry has significant impact towards its economy ICJV performance is considered as an important subject. Hence the aim of this research was to investigate the Critical Success Factors (CSFs) affecting the performance of ICJVs in the Sri Lankan construction industry.Initially, a comprehensive literature review was carried out to identify the concept of ICJV, its process and Success Factors (SFs) for the performance of ICJV. Expert interviews and a questionnaire survey were then used to ascertain the ICJV process as applied in Sri Lanka and the CSFs. Finally, a framework was developed for the successful adaption of ICJVs.Based on the findings, ICJV process had been divided into 4 stages, namely: preparation, formation, operation and dismantling. Out ofa total of 25 SFs 13 factors were identified as CSFs, which should prevail in all 4 of the above stages of ICJV process. Finally, the framework revealed that all CSFs in each stage were required to perform the tasks in the respective stages.