Local construction companies and mega projects: foreign presence in the Sri Lankan construction industry

Abstract

The Sri Lankan Construction Industry has been booming for the past few years, with the emergence of several mega projects. Mega Projects are currently led by foreign consultancy and construction companies with the foreign aid, and this has caused several concerns in the local construction industry. This research identifies the issues and constraints relating to the local construction companies, when entering into Mega Projects. Further appropriate solutions for the identified issues have also been provided in the research, with the required justification. The research methodology comprises literature review, incorporated with a one to one discussion with the professionals in the industry, including Engineers, Architects,Managers, CEOs, Government Officials, Banking Sector representatives, Foreign Construction Company representatives, and a questionnaire survey carried out with 32 professionals related to the construction Industry. As a conclusion, the research provides the best course of action, for the two major issues identified, with justifications and the research would be a base for the future research to further conduct thorough research on the solutions identified in this research.