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it is true that lot of companies face lose in this area.....the proof for that is just few company are lasting for long time....in my opinion a big part of the reasons go back to the policy of rewarding the contracts to the lowest prices....this policy's result is the bad quality in lot of things (bad quality of consulting staff , bad quality of executing staff , bad quality materials.....etc) in the end you can really say it is bad management.....but it is starting from the top management's policy....and going down to all the lower levels.
There are plenty of reasons for a construction industry to face lose, some of them are as below
1. Bidding least to hold the project.
2. Mismanagement of Human Resources, Material, and time as well.
3. Lacking in right man for the right job.
4. Expending business more than the tolerant.
first reason is material wastage.
second reason is lack of coordination
In fact I never work in GCC, and I have no view in their construction policy ,So I cannot give you a precise answer
I agree totally with Mr. Tahoun
GCC is a booming market for construction industry ( no taxes or inflation ), its so hard for any company working in construction to make loses(almost impossible), some times companies don't achieve target profit due to the instability of materials prices or shortage in skilled workers.
Most common reason of failure is lankness in planning to cater with Risks in project, this lead towards loss of time and push the company towards Financial loss.
Implementation of GOOD planning in most efficient way by keeping all stake holders in team Synchronized is the main Key point of Good Management.
Quality issues in implementation will hit company's credibility and leads towards loss of customer's Trust and business.
1.Lowest price of Contract.
2. Most of the Companies Hr office and Project management Team hiring own Country fellows.
3. Which direct reflect on the Projects
4. They also hiring Low standard Engineers
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