The association of selected economic parameters in construction output – an international comparison

Pavla Odehnalová, Lenka Komárková and Petr Pirožek

Economic Research-Ekonomska Istraživanja, 2016, vol. 29, issue 1, 18-31

Abstract: The aim of this article is to illustrate the impact which the ongoing economic crisis, together with the 2012 amendment to the Public Procurement Act, has had on the construction industry in the Czech Republic (CR) and in neighbouring Austria. In 2012 and 2013, a research project entitled ‘Cross-border cooperation between construction companies in the South Moravian Region, Lower Austria and the city of Vienna’ was carried out. The research took the form of a questionnaire addressed to 3000 construction companies in these regions. The results of the questionnaire then underwent statistical analysis. The research showed that in the CR price was no longer linked with quality in construction work and that customers were guided by other measurable criteria, such as the warranty. The statistical investigation among companies also showed that there is a clear relationship between quality and the cost of the work carried out, and that the warranty is an important criterion for measuring the quality of construction work.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:taf:reroxx:v:29:y:2016:i:1:p:18-31

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DOI: 10.1080/1331677X.2015.1106331

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