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Construction companies face a lot of fluctuation in business due to changing economic conditions. They also face growing competition from new entrants in the market regularly. Conducting a SWOT analysis can help those in the infrastructure and construction businesses recognize their strengths and opportunities as well as anticipate the effects of changes in the industry.
The major strengths of a construction company are that they can always find ways to retain their stability even during times of recession. This is because although the business might suffer minor setbacks, their services will always be needed to erect residential and commercial structures. The licensing barriers are also moderate which makes it easy for new entrants to gain a footing in the industry.
The risk of a construction company generally includes high operational costs, risk of not getting paid by the customer and rising labor costs. The other major risks arise from a large number of competitors gaining access to the construction business due to moderate licensing regulations. This makes it difficult to maintain a strong position in the market.
Make a list of the opportunities and factors that you can seize and use to your advantage. Making use of available working capital, changing work strategies and looking for new investors and tapping economically viable markets in times of recession and slow down can help a construction company maintain its balance.
The major threats to the construction business are changing prices of raw materials and labor, increasing bureaucratic interference and government intervention. There is also continuous competition from other companies and new competitors that causes a fluctuation in the market prices. With an increase in the cost of running the business, it becomes difficult to achieve sustainable growth.
The main objective of performing a SWOT is to conduct a review of the business and examine all the internal and external factors that could affect the business and its outcome. Once you have examined all these factors it becomes easy to implement the changes that could be favorable to the business in an attempt to achieve sustainable growth at all times.
This is a basic analysis template that has been conducted to help the construction industry reach its goals and achieve sustainable growth. The study has revealed that some of the threats and weaknesses of the construction industry in India are too long registration procedures, improper and fluctuating prices, lack of communication and inability to branch out towards rural areas.
In this PDF template, we can find the highlights of a SWOT analysis conducted by a chines construction firm. The main issues that need to be addressed according to the report are low skilled workers, lack of awareness about lean construction, intense competition intense in the market, rising prices of raw materials and high demands from customers; indeed, a very comprehensive template.
Here is another simple analysis template for construction projects in Sri Lanka Lanka. According to the analysis, the main challenges faced by the construction industry in that country are rising costs of raw materials and energy, lack of skilled labor, severe competition from foreign players, unutilized funds and rising number of debtors. These, and other details, make this template superb.
In this professional SWOT analysis template, a government construction company that handles construction projects in the country and abroad has revealed the results of its SWOT analysis. While the strengths of the company are robust management and backing from the Indian Railways, it’s main weaknesses and threats are the increasing cost of doing business and rising competition from large as we as small unorganized players.
This is a basic SWOT analysis conducted by a construction company that specializes in the construction of residential, commercial, retail and infrastructure projects in the country. The SWOT has revealed that some of the weaknesses and threats include insufficient market reach, growing threats from new entrants, lack of a strong regulator and fluctuating market prices.
This sample SWOT analysis template is part of a promotional booklet that focuses on the construction industry in Indonesia. The major strengths of the industry lie in the government security it receives while the weaknesses adversely affecting the business are competition from other existing companies and non-paying customers. Leverage this template for your business’ SWOT analysis.
The above SWOT analysis sample has been conducted by a leading construction contractor in a competitive market like the UAE. The strengths of the company lie in working with major property developers that ensure timely payment of dues, while the weaknesses and threats are increasing prices of construction-related commodities and an expected slow down in the industry due to corrections in the real estate market.
This is an editable SWOT analysis template conducted by a construction company that has handled infrastructure projects in Singapore and Thailand. According to the findings of the SWOT, the main strengths of the company are it’s experienced and strong track record, while the weaknesses and threats include the expected downturn in the labor market and rising costs of domestic labor.
This is a simple analysis sample template that is part of the review report posted by a well-known construction firm in Malaysia. As per the analysis, the company has a wide range of capabilities that are its strengths, its weaknesses and threats are the volatility of building material costs and vulnerability to an expected slow down in the market, which needs the max attention from planners.
This is the free SWOT analysis template of an infrastructure and construction company based in India. The main weaknesses and threats that need to be handled are the lack of adequate staff and administrative facilities together with a growing number of private players in the market that could pose a threat to the potential talent that could have recruited otherwise.