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Effect of COVID-19 on the small-scale construction companies: The case of Colombo district, Sri Lanka

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dc.contributor.author Namarathna, CP
dc.contributor.author Gunarathna, N
dc.contributor.editor Sandanayake, YG
dc.contributor.editor Waidyasekara, KGAS
dc.contributor.editor Gunatilake, S
dc.date.accessioned 2022-12-30T01:15:43Z
dc.date.available 2022-12-30T01:15:43Z
dc.date.issued 2022-06-24
dc.identifier.uri http://dl.lib.uom.lk/handle/123/19992
dc.description.abstract COVID-19 is a global pandemic that has wreaked havoc on the lives of many individuals and has had a severe impact on the global economy. During this crisis, small and medium-scale businesses suffer the most and are the least prepared among all companies as per the previous studies done in other parts of the world. The majority of the small-scale construction firms in Sri Lanka act as subcontractors and generate job opportunities for a considerable number of people and are able to create a multiplier effect on the whole economy. However, it was observed that they are more vulnerable to the adverse impact of the pandemic. Thus, the principal goal of this research is to explore possible survival strategies to overcome critical financial issues of small-scale construction companies during the ongoing COVID-19 pandemic in Sri Lanka. A mixedmethod approach was adopted to gather the data for the study. A comprehensive literature review was carried out to identify the impact of COVID-19 on both global and local construction industries. The data for this study was gathered using semi-structured interviews and a comprehensive questionnaire survey with small scale construction company owners and construction industry professionals. The findings highlighted the key financial issues faced by the small-scale construction companies due to the pandemic including delays in client payments, supply chain management issues, frequent price escalation of construction materials, and inability to repay loans. The respondents suggested creating partnerships with financially strong companies, reduction of unwanted expenses, modifying supply chain channels and agreements, and ensuring business continuity plans as the strategies to be used to overcome the financial burden that occurred due to the pandemic. en_US
dc.language.iso en en_US
dc.publisher Ceylon Institute of Builders - Sri Lanka en_US
dc.source.uri https://ciobwcs.com/2022-papers/ en_US
dc.subject Construction Firms en_US
dc.subject COVID-19 en_US
dc.subject Financial Issues en_US
dc.subject Small-scale Construction Companies en_US
dc.subject Strategies en_US
dc.title Effect of COVID-19 on the small-scale construction companies: The case of Colombo district, Sri Lanka en_US
dc.type Conference-Full-text en_US
dc.identifier.faculty Architecture en_US
dc.identifier.department Department of Building Economics en_US
dc.identifier.year 2022 en_US
dc.identifier.conference World Construction Symposium - 2022 en_US
dc.identifier.place Sri Lanka en_US
dc.identifier.pgnos pp. 392-403 en_US
dc.identifier.proceeding 10th World Construction Symposium - 2022 en_US
dc.identifier.doi https://doi.org/10.31705/WCS.2022.32 en_US


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  • WCS - 2022 [76]
    Proceedings of The 10th World Construction Symposium 2022

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