Project Activities in the Construction Industry: the Specifics of Competition and the Development Forecast

Abstract

The purpose of the study is to analyze the construction industry processes under the influence of recent changes to identify the most competitive strategy and forecast further market development. The article might be of interest to the construction market players in the field of public procurement. Competition in the construction industry remains very high and intensifies over time, which is why many players are leaving the market. Among the main success factors in the market are revenue management, order portfolio, customer base, and high specialization. The author analyzes the competition in construction market project activities in the field of public procurement on the basis of the M. Porter’s 5 factors of competition. Based on a survey of industry experts, the main success factors in the market are identified. The success factors are new knowledge that can be used both to improve the work of current market participants and to help new players to enter the market.