Journal of Emerging Trends in Economics and Management Sciences: Home

Abstract:
This study examines the factors that influence the dominance of foreign construction firms in developing countries, using Ghanaian as typified example. A sample size of 310 respondents comprising Procurement officers, Building and Civil Construction Professionals and Managing Directors of construction and consultancy firms were used in the study. The results revealed that local contractors perform extremely poor due to the inappropriateness of organisational structure, retention of core staff, lack of competent skill labour, The results depicts that government policies and actions give foreign companies comparative advantages over local Ghanaian contractors during competitive biddings. The results of the study support the conclusion that lack of competent skill workers in the local construction industries and unfavourable government policies relating to procurement of works have negatively affects the full participation of local contractors in international competitive bidding which results in the dominance of foreign contractors in Ghanaian construction industry. It is recommended that governments of developing nations should implement policies that will build local contractors? capacity to make them competitive.

Keywords: contractors, bidding, Ghanaian, industries, construction

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