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A Review on Incorporating ESG Metrics in Contractor Selection for Infrastructure Projects: A Micmac Perspective
Subject area: Science,Engineering and Technology · Area of research: Civil Engineering
Abstract
For Engineering, Procurement, and Construction (EPC) and Design-Build (DB) projects, choosing the right contractors is essential to the project's success. To make sure the best contractor is picked for the task, important contractor selection factors should be considered. The contractor's technical proficiency, expertise, financial stability, safety record, and overall reputation within the industry may be among these criteria. Budgetary restrictions and the project's complexity should both be taken into account. The selection procedure must be methodical, open, and equitable, and it must include a review of the contractor's credentials in light of the project's specifications. The correct contractor must be chosen in order for an EPC or DB project to be completed successfully, hence careful consideration must be given to each candidate before deciding. The paper examines the crucial variables impacting contractor selection in construction projects in India, and creates a model based on the interaction between these factors using interpretative structural modelling. Additionally, MICMAC analysis is utilized to distinguish between "driving factors" and "dependent factors." The goal is to understand the factors affecting contractor selection in construction projects in India. Through a review of the literature and expert opinion, ten elements are selected as the most important determinants influencing contractor selection. With the assistance of five specialists, an ISM model is created (two from academics and three from industry). According to ISM studies, contractors' financial stability, Performance on works (Quality), Current projects in hand and Lowest Bidder are the top most criteria which should consider while selecting contractor for DB/EPC projects. Joint Venture/single point of responsibility is listed at the bottom level, suggesting that it influences but is not affected by other factors. The middle-level factors are transitional because they both influence and are affected by other factors.
Keywords
Contractor Selection, Design-Build Projects, Engineering Procurement Construction (EPC), Project Delivery Methods, Sustainable Construction
References
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[2] Bonyani, A., Alimohammadlou, M. (2020) A new approach for evaluating international EPC contractors in Iran’s energy sector International Journal of Construction Management
[3] Calahorra-Jimenez, M., Molenaar, K., Torres-Machi, C., Chamorro, A., Alarcón, L.F. (2020) Structured Approach for Best-Value Evaluation Criteria: US Design-Build Highway Procurement Journal of Management in Engineering.
[4] Calahorra-Jimenez, M., Torres-Machi, C., Chamorro, A., Alarcón, L.F., Molenaar, K. (2021) Importance of Noncost Criteria Weighing in Best-Value Design-Build US Highway Projects Journal of Management in Engineering
[5] Ekambaram Palaneeswaran and Mohan M. Kumaraswamy (2005) Web-Based Client Advisory Decision Support System for Design–Builder Prequalification JOURNAL OF COMPUTING IN CIVIL ENGINEERING
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How to cite this paper
@article{1708031,
author = {Dhiraj Fulzele, Dr. Pallavi Kharat, Prof Ashish Waghmare, Prof. Prashant Ambhore},
title = {A Review on Incorporating ESG Metrics in Contractor Selection for Infrastructure Projects: A Micmac Perspective},
journal = {Iconic Research And Engineering Journals},
year = {2024},
volume = {7},
number = {11},
pages = {804-808},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1708031.pdf},
abstract = {For Engineering, Procurement, and Construction (EPC) and Design-Build (DB) projects, choosing the right contractors is essential to the project's success. To make sure the best contractor is picked for the task, important contractor selection factors should be considered. The contractor's technical proficiency, expertise, financial stability, safety record, and overall reputation within the industry may be among these criteria. Budgetary restrictions and the project's complexity should both be taken into account. The selection procedure must be methodical, open, and equitable, and it must include a review of the contractor's credentials in light of the project's specifications. The correct contractor must be chosen in order for an EPC or DB project to be completed successfully, hence careful consideration must be given to each candidate before deciding. The paper examines the crucial variables impacting contractor selection in construction projects in India, and creates a model based on the interaction between these factors using interpretative structural modelling. Additionally, MICMAC analysis is utilized to distinguish between "driving factors" and "dependent factors." The goal is to understand the factors affecting contractor selection in construction projects in India. Through a review of the literature and expert opinion, ten elements are selected as the most important determinants influencing contractor selection. With the assistance of five specialists, an ISM model is created (two from academics and three from industry). According to ISM studies, contractors' financial stability, Performance on works (Quality), Current projects in hand and Lowest Bidder are the top most criteria which should consider while selecting contractor for DB/EPC projects. Joint Venture/single point of responsibility is listed at the bottom level, suggesting that it influences but is not affected by other factors. The middle-level factors are transitional because they both influence and are affected by other factors.},
keywords = {Contractor Selection, Design-Build Projects, Engineering Procurement Construction (EPC), Project Delivery Methods, Sustainable Construction},
month = {May},
}