Development of Construction Industry : A Literature Review

The construction industry in Pakistan is well aware of the challenges it faces and its issues, constraints, and recommendations are also well documented in reports published from time to time. This study shows that business environment (demand-side...

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Bibliographic Details
Main Authors:	Mir, Aized H., Durrani, Amer Z., Tanvir, Mehreen
Format:	Policy Note
Language:	English
Published:	2012
Subjects:	ACCELERATED DEPRECIATION ACCOUNTABILITY ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING PROCEDURES ADB ADVERTISING ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES AUDITING AUDITORS AVAILABILITY OF CREDIT BANK GUARANTEES BANK LOANS BANKING INDUSTRY BANKING SECTOR BANKRUPTCIES BEST PRACTICE BEST PRACTICES BILATERAL DONORS BONDS BORROWING BUDGETARY PROCESSES BUDGETING BUSINESS ENVIRONMENT BUSINESS MANAGEMENT BUSINESS MODEL BUSINESS PLANS CAPABILITIES CAPABILITY CAPACITY BUILDING CASH FLOW CASH FLOWS CERTIFICATE CERTIFICATION CHAMBERS OF COMMERCE CHECKS COLLATERAL COMMERCIAL BANKS COMMODITIES COMMUNICATIONS TECHNOLOGY COMPETITIVENESS CONFLICT OF INTEREST CONSTRUCTION CONSTRUCTION ACTIVITIES CONSTRUCTION WORK CONSULTING FIRMS CONSULTING SERVICES CONTRIBUTION CORPORATE CULTURE CORRUPTION CREDIT FACILITIES CREDIT RATING CURRICULA CURRICULUM CUSTOMS DEFICITS DEVELOPMENT BANK DEVELOPMENT CORPORATION DEVELOPMENT FINANCE DEVELOPMENT FINANCE COMPANIES DISPUTE RESOLUTION ECONOMIC DEVELOPMENT ECONOMIC MANAGEMENT EDR ELECTRICITY EMPLOYER EMPLOYERS EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENABLING ENVIRONMENT ENTREPRENEURS EQUIPMENT EQUIPMENT PURCHASE EQUIPMENTS EVALUATION CRITERIA EXCHANGE COMMISSION EXCHANGE RATES EXPENDITURES EXTENSION SERVICES FINANCE COMPANY FINANCES FINANCIAL ADVANTAGE FINANCIAL ANALYSIS FINANCIAL DIFFICULTIES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MANAGEMENT FINANCIAL POSITION FINANCIAL RESOURCES FINANCIAL SERVICES FLOW OF INFORMATION FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE SERVICES FUTURE GROWTH GAS GLOBAL COMPETITIVENESS GOVERNMENT CONTRACTS GOVERNMENT OFFICES GRAPHICS HOUSING HUMAN CAPACITY HUMAN RESOURCE HUMAN RESOURCE DEVELOPMENT HUMAN RESOURCES ICT IMPLEMENTATION PERIOD IMPLEMENTING AGENCIES IMPLEMENTING AGENCY INDUSTRIAL ASSET INFORMATION PROVIDERS INFORMATION TECHNOLOGY INNOVATION INSTITUTION INSTITUTIONAL CAPACITIES INSTITUTIONAL CAPACITY INSTITUTIONAL SUPPORT INSURANCE INSURANCE COMPANIES INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BEST PRACTICES INTERNATIONAL FINANCE INTERNATIONAL LAWS INTERNATIONAL TRADE INVESTMENT BANKING ISLAMIC BANK JOB TRAINING JOINT VENTURES KNOWLEDGE BASE KNOWLEDGE MANAGEMENT LABOR COSTS LABOR UNIONS LARGE FIRMS LAWS LEGISLATION LEGISLATIVE FRAMEWORK LENDING INSTITUTIONS LITERACY LITERACY RATE LOAN MANAGEMENT OF RESOURCES MANAGEMENT SYSTEMS MANUFACTURING MARKETING MATERIAL MONETARY POLICIES MORTGAGE NATIONAL ECONOMY NECESSARY SKILLS OPERATING ENVIRONMENTS PC PERFORMANCE INDICATORS PIPELINES POLICY FRAMEWORK PRIVATE PARTNERSHIP PRIVATE SECTOR PRIVATE SECTORS PROCUREMENT PROCUREMENTS PROFESSIONAL ASSOCIATION PROFESSIONAL RESPONSIBILITY PROFITABILITY PROJECT MANAGEMENT PUBLIC ADMINISTRATION PUBLIC EXPENDITURE PUBLIC POLICY QUALITY OF SERVICES QUALITY STANDARDS REALISTIC BUDGETS REGISTRIES REGISTRY REGULATORY AUTHORITY REGULATORY FRAMEWORK REINVESTMENT RELIABILITY RESOURCE MANAGEMENT RESPONSIBILITIES RESULT RESULTS RETENTION RISK FACTORS RISK MANAGEMENT SALARIES SALARY SAVINGS SEARCH SECURITIES SENIOR SHORT-TERM GOAL SKILLED WORKERS SMALLER FIRMS STAKEHOLDERS STANDARDIZATION START-UP COSTS STOCK EXCHANGE SUBSIDIARIES SUPERVISION TARGETS TAX INCENTIVES TAX LAWS TAX REGIMES TAXATION TECHNICAL ASSISTANCE TECHNICAL EDUCATION TECHNICAL EXPERTISE TECHNICAL STAFF TECHNICAL SUPPORT TECHNICAL TRAINING TECHNOLOGICAL INFRASTRUCTURE TELECOM TELECOMMUNICATION TIME PERIODS TIMELY PAYMENTS TRADE UNIONS TRAINING CENTER TRAINING PROGRAMS TRANSPORT UNFAIR COMPETITION USERS VALUATION VALUE CHAIN VERIFICATION WAGES WEB WORK FORCE WORKING CAPITAL WORLD TRADE WORTH
Online Access:	http://documents.worldbank.org/curated/en/2007/11/9382631/development-construction-industry-literature-review http://hdl.handle.net/10986/7743

Description
Summary:	The construction industry in Pakistan is well aware of the challenges it faces and its issues, constraints, and recommendations are also well documented in reports published from time to time. This study shows that business environment (demand-side), Human Resources (HR), equipment and materials are key factors restraining growth therefore showing that there are no short-term fixes for these problems. A sustained long-term committed approach to developing the construction industry (contractors, consultants, and, clients) is of paramount importance. Considering the Government of Pakistan's (GoP) ambitious development plans for the coming years, innovative and out of the box solutions will be required to deliver the proposed infrastructure projects.

Development of Construction Industry : A Literature Review

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