A comparative study of construction industry size and structure between the UK and Australia and the significance of industry fragmentation

Langston, Craig and Wu, Min 2006, A comparative study of construction industry size and structure between the UK and Australia and the significance of industry fragmentation, International journal of construction management., vol. 6, no. 1, pp. 45-61.

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Title A comparative study of construction industry size and structure between the UK and Australia and the significance of industry fragmentation
Author(s) Langston, Craig
Wu, Min
Journal name International journal of construction management.
Volume number 6
Issue number 1
Start page 45
End page 61
Publisher Chinese Institute of Construction Management
Place of publication Hong Kong
Publication date 2006
ISSN 1562-3599
Keyword(s) construction
industry size
industry structure
international comparison
cost indifference
Summary While comparing both the size and structure between the UK and Australian construction industries, this study reveals that the UK construction industry is about two and a half times larger than the Australian construction industry, and both industries are dominated by the proportion of small firms. The issue of fragmentation is characteristic of the construction industries in these two countries, and beyond. This study then develops a self recruiting-subletting cost indifference point model to explain why fragmentation occurs. Although the high proportion of small firms in the construction industry has been criticised as it prevents the exploitation of economies of scale, the self recruiting-subletting cost indifference point model theoretically proposes that subletting is usually profitable for construction firms. Thus the size distribution of the construction industry has a propensity to skew towards small firms.
Language eng
Field of Research 120201 Building Construction Management and Project Planning
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2006, Chinese Research Institute of Construction Management
Persistent URL http://hdl.handle.net/10536/DRO/DU:30003561

Document type: Journal Article
Collection: School of Architecture and Built Environment
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