starving of finance in Construction industry

The need of hour of every construction industry is to acheive a balance between quality and costs throughout the integration of the entire supply chain including clients, professional advisers, designers, contractors, sub-contractors and suppliers of materials to manage risk, to develop designs which improve the "buildability" and value of projects, to encourage innovation and to drive waste out of the process.
Construction industries are suffering from capacity constraints, lack of trained manpower and managerial skills with performance much below international level. Contract agreement continues to be heavily loaded in favour of client/owner. Quality, safety, environment and social aspects are also not being addressed properly in India.
Looking into starving of finance in Construction industry, the need for widespread implementation of good practice now has a greater degree of urgency to maintain a better relationship between clients and the entire supply chain.
Siddhartha Sharma PMA (Project Management Associates)
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