| dc.description.abstract | Taiwan’s government on average spends more than five-hundred billion NT dollars on public-work per year. During the tender process, construction contractors have to pay considerable amount of security to the government. For example, the tenderers should deposit the bid bond and the winning tenderer has to make up a deficiency of performance bond and deposit construction retainage. After the completion of construction, the contractor has to deposit maintenance bond. The total amount of different kinds of bonds, which is about 20% of public-work procurement, is deposited in the government and cannot be utilized. Such great amount of money has caused financial problems to construction contractors, further undermining their intention to compete for pubic works and limiting their development.
In the first part of this study, the financial problems of Small and Medium Enterprise (SME) construction contractors are addressed. In the second part, this work discusses the financial difficulties of SME construction contractors from financial institutions’ perspective, and analyzes their decision factors in examining construction sector’s financial standard. In the final part, this work will provide some suggestions for banks, Taiwan SMEG(Small and Medium Enterprise Credit Guarantee Fund of Taiwan),and the construction sector.
The purpose of this study is to help SME construction sector develop more efficiently and increase the competitive advantages of well performed SME construction companies, so that the performance among SME contractors can be distinguished.
| en_US |