Purpose: The publication is empirical in its character. The key purpose of the paper is to outline and discuss the results of the empirical research into risk in construction activities carried out by the surveyed contractors in Poland. The paper focuses, in particular, on the use of methods, techniques and tools by construction enterprises from Śląskie and Małopolskie voivodships to respond to the risks they encounter. Design/methodology/approach: The empirical research was conducted in form of a questionnaire interview. The research tools were developed based on in-depth studies of the scholarly literature (theory-cognitive dimension of the research). The paper also uses the methods of synthesis and deduction. In their discussions the authors draw on their own knowledge and experience which they have acquired over many years spent on researching risks faced by a wide range of organisations. Findings: The presented research findings provide the empirical verification of the theoretical background derived from the literature in the field. Research limitations/implications: The paper presents only the selected results of the empirical studies. These research findings concern specific categories of construction risk, which is regarded as a scientific and research category. Practical implications: The paper presents practical knowledge (utilitarian dimension of science) which has been verified empirically in the conducted research. This knowledge is referred to in the scholarly literature as Construction Risk Management (CRM). Originality/value: The empirical studies present an up-to-date status of the knowledge and awareness as demonstrated by the construction contractors participating in the survey. The research findings are presented for the purpose specified in the paper.
Purpose: The paper aims to examine the effectiveness of financial management in business activities conducted by property development enterprises, seen as participants of investment and construction processes in Poland, in the period of the COVID-19 pandemic. The discussions outlined in the paper are underpinned by the category of risk in the construction business and refer to the developers whose operations are based predominantly in the south of Poland. Design/methodology/approach: In its basic part the paper deals with the property development companies in the period of time spanning from December 2019 to December 2020. The empirical research was carried out using case studies. It also takes advantage of some elements of comparative analysis, as well as the method of synthesis and the concept of deduction. In their discussions the authors also draw on their own expertise and the experience gained from the studies they have carried out in the area of risk management in construction organisations for many years now. The conclusions the publication arrives in result also from the knowledge extracted from the literature on the subject matter. Findings: The paper offers an empirical verification of the theoretical contents found in the scholarly literature. Research limitations/implications: The paper addresses a limited range of issues only, selected from the vast area of financial and risk management in property development enterprises which operate on the residential real-estate market. Practical implications: The paper presents some practical insights (the utilitarian dimension of knowledge), verified empirically by means of analyses and evaluations. Originality/value: The deliberations in the paper are hoped to cast some light onto the conditions in which property development enterprises conduct their business during the COVID-19 pandemic and look at their financial standing by analysing the risks encountered in the construction industry. The discussions reviewed in the paper refer to the notion of a so-called black swan, i.e. a category addressed by risk management publications.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.