Quantity Surveying Firms Survival of Fast Developing Economy

Authors

  • F.A. Rahim Faculty of Built Environment, University of Malaya, Kuala Lumpur.
  • H. Abd-Rahman Faculty of Built Environment, University of Malaya, Kuala Lumpur.
  • C. Wang Faculty of Built Environment, University of Malaya, Kuala Lumpur.
  • N.D. Othman Faculty of Built Environment, University of Malaya, Kuala Lumpur.
  • N. Zainon Faculty of Built Environment, University of Malaya, Kuala Lumpur.

DOI:

https://doi.org/10.22452/jscp.vol4no1.3

Keywords:

quantity surveying firms, financial crisis, economic downturn, fast developing economy

Abstract

A recession or an economic downturn gave a tremendous impact on the Malaysian construction industry. The financial crisis seemed to be a wake-up call to all of the practitioners in the construction industry. Many of the QS consultant firms took strategic approaches to overcome the strike of the recession or economic downturn. The objective of this research is to determine the reaction of QS consultant firms towards the crisis that struck the nation Malaysia, a fast developing economy. Besides, this research reveals the recipe of survival of various QS consultant firms from the turmoil. Towards the end, the paper suggests suitable approaches to mitigate the impacts from an economic downturn for future survival of QS consultant firms. Data were collected through a questionnaire survey. The impact of an economic downturn or recession on QS consultant firms are seen in the decline of jobs, projects, and professional fees. Management theories were the main weapon used by the QS consultant firms to mitigate the negative impacts.

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Published

2013-07-26

How to Cite

Rahim, F., Abd-Rahman, H., Wang, C., Othman, N., & Zainon, N. (2013). Quantity Surveying Firms Survival of Fast Developing Economy. Journal of Surveying, Construction and Property, 4(1), 1–18. https://doi.org/10.22452/jscp.vol4no1.3

Issue

Vol. 4 No. 1 (2013)

Section

Articles

License

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