Analysis of Causes and Countermeasures for Rising Labor Costs in International Construction Projects

Yong Wu (), Zhouya Wang (), Jun Guan () and Zhihui Zhang ()
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Yong Wu: China State Construction Engineering Corporation
Zhouya Wang: China State Construction Engineering Corporation
Jun Guan: Tsinghua University
Zhihui Zhang: Tsinghua University

Chapter Chapter 130 in Proceedings of the 17th International Symposium on Advancement of Construction Management and Real Estate, 2014, pp 1287-1292 from Springer

Abstract: Abstract The labor costs in international construction projects conducted by Chinese building enterprises have presented rapid rising trend in recent years, which has adverse impacts on the project success and financial performance of building enterprises. This paper analyzes the causes for rising labor costs in terms of market supply/demand conditions and expected wage growth driven by inflation force. In order to reduce the labor costs and improve the working efficiency, we propose the countermeasures as (1) to determine the bid price and labor wage reasonably, (2) to adjust the ratio between Chinese and local workers, (3) to emphasize the importance of the training for local workers, (4) to strengthen the construction organization.

Keywords: International construction projects; Labor market supply/demand conditions; The ratio between Chinese and local workers (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-35548-6_130

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DOI: 10.1007/978-3-642-35548-6_130

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