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  Trames
A Journal of the Humanities and Social Sciences

ISSN 1736-7514 (electronic)  ISSN 1406-0922 (print)
Published since 1997

Trames
A Journal of the Humanities and Social Sciences

ISSN 1736-7514 (electronic)  ISSN 1406-0922 (print)
Published since 1997

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INTERNATIONAL JOINT VENTURE BETWEEN ASEAN AND GULF: BIDDING AND DELIVERING BAHRAIN INTERNATIONAL FORMULA-1 CIRCUIT; pp. 357–382

(Full article in PDF format) doi: 10.3176/tr.2014.4.04


Authors

Hamzah Abdul-Rahman, Chen Wang, Lincoln C. Wood, Suraya Ismail

Abstract

A foreign contractor can resort to a partnering or joint-venture strategy with a host contracting firm to bid for a major international construction project. This paper presents a case study in the Bahrain FORMULA-1 Circuit (BFC) project focusing mainly on its tendering and construction stages, which is lacking in literatures. Findings illustrate that the success in such an international pact include: advanced technical and engineering expertise; selection of a committed partner; management expertise; creating and sustaining good working environment; appropriate risk management; maintaining a reliable interna­tional materials supply chain; and efficient project planning and tracking system. Manage­ment expertise is the most important factor because of the peculiarities and problems of international projects. This case study is able to assist practitioners to devise their own approach in overcoming the challenges and dynamic influences in the international construction market.

Keywords

International Joint Venture, ASEAN & GULF, developing countries, tendering, Bahrain, FORMULA-1 Circuit.

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Current Issue: Vol. 21, Issue 3, 2017




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No. 1: 20 March
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