Abstract
Small and medium construction companies have experienced many challenges in
developing into large contractors. The overall failure rate and lack of development of small
construction companies is relatively high in South Africa. This lack of growth is an evident
problem in the construction industry which negatively impacts the South African economy.
The lack of development is due to several contributing factors and does not consist of a
single independent constraint. This study therefore focuses on addressing all of these
aspects and aims at providing a solution to the lack of contractor development. It is a sincere
anticipation that this research would stimulate growth and development of these contractors
with the promotion of the construction industry and enhance the economic development of
South Africa.
The study would concentrate on the province of KwaZulu-Natal and commences with an
introduction, which highlights and explains the problem statement, significance, scope and
limitations of the study. The research reviews similar previous studies and assesses the
contribution that these studies have towards the industry. The key element of the literature
review involves examining previous peer reviewed articles and journals. Part of the literature
review also involves reviewing international data with the aim of establishing international
benchmarks which will assist in the overall development resolution...
M.Ing. (Engineering Management)