Construction Companies Failure Factor Analysis using SMART

The construction industry is the second largest industry of the country after agriculture. It makes a significant contribution to the national economy & provides employment to more than 35 million people. Also it contributes about 11% to GDP at present. From the last few years it has been seen imbalanced growth in the Indian construction industry. Much of the slowdown in economy of the past months can be attributed to a slowdown in the infrastructure sector, which accounts for 54% of the construction industry’s turnover. As construction is a risky business, the chance of business failure always exists for any construction company. With this view, construction companies have to consider the important factors to prevent business failure and continue to survive in the industry. The increasing number of business failure in construction industry makes the understanding of this issue critical. The aim of this work is to study the factors affecting on Construction Company failure, finding out different major and minor factors affecting on Construction Company failure particularly in Nasik region (Maharashtra) using SMART. The questionnaire survey was carried out among construction companies located in Nasik for the Simple Multi Attribute Rating Technique (SMART).