| Title |
A Study on International Engineering Market Focusing on Engineering/Consulting Delivery System |
| Authors |
Kim, Sang-Bum ; Kwak, Hyun-Jun |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2013.14.2.171 |
| Keywords |
Construction Engineering ; Global Market Forecast ; Engineering Delivery System ; International Market |
| Abstract |
Domestric Construction & Engineering market has been long in recession due to the global economic crisis. Domestic construction industries consequently looks at overseas construction markets where relatively more construction projects are constantly required. In order to provide meaningful information for Korean engineering companies to keep the pace with the changes in the construction industry, various construction related date and statistics are analyzed. In addition, previous research from the related organizations and construction engineering companies are closely reviewed. Investigation of preliminary data and research have been conducted to draw remedies for their overseas expansion. Moreover, it is attempted to classify foreign markets as the Asia, Africa and etc. (Europe, North America/the Pacific and Latin America) to provide the list of first target countries and its regional market information focusing on their bidding system. This study had tried to show comparative analysis of different bidding procedures between Korea and the selected countries to suggest measures of improvements for the domestic bidding system. Finally, this study suggested policy recommendations to meet the requirement of bid qualification to advance the global market that was suggested with validated clustering bidding data. |