International competitiveness of U.S. construction firms

The U.S. share of construction projects overseas has been decreasing over the past decade.The reasons most cited for the declining U.S. market share are the world economy, financing, government intervention, and competition. Some suggestions for improving competitiveness are: moving away from cost-plus-fixed-fee bids to fixed-price bids on projects; using computers to save on design and engineering costs; taking on smaller projects; and reviewing internal strategies for areas that can be improved.There are many reasons why U.S. construction companies are facing problems in the international market, but there may be simple methods for future improvement.Management techniques, as well as cultural integration with the project locale are important to the success of the project.With strategic project management, the construction industry can attempt to hold its share of the global market, and expand it in the future.
member content locked

Log in or join PMI to gain access

or Join



Related Content

  • pulse-of-the-profession-2019-thumbnail.jpg

    Pulse of the Profession 2019

    What’s your PMTQ? Our Pulse of the Profession® research shows that organizations that combine technical skills with project management approaches drive more successful outcomes.

  • PM Network

    Bracing for a Storm member content locked

    By Gustafson, Katie The global economy has been called "buoyant" and "bullish." But what if it goes bust? Developing markets hit 4.5 percent combined growth in 2018 and seem on track to hit 4.7 percent this year,…

  • PM Network

    Best in Class member content locked

    By Fister Gale, Sarah The public school system in Tacoma, Washington, USA needed to transform its learning environment. The goals for the state's third-largest district were lofty: boost sagging graduation rates, invest…

  • PM Network

    IoT Takeover member content locked

    Artificial intelligence (AI) and robotic projects may be grabbing headlines around the globe, but a recent survey of tech leaders shows that it's internet of things (IoT) projects that are most…

  • PM Network

    Train of Thought member content locked

    PM Network interviews Michael Foster, CIO and CTO at Canadian National, Canada's largest railway.


Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.