Current Volume 8
A Review on Incorporating ESG Metrics in Contractor Selection for Infrastructure Projects: A Micmac Perspective
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
Citations
IRE Journals:
Dhiraj Fulzele , Dr. Pallavi Kharat , Prof Ashish Waghmare , Prof. Prashant Ambhore
"A Review on Incorporating ESG Metrics in Contractor Selection for Infrastructure Projects: A Micmac Perspective" Iconic Research And Engineering Journals Volume 7 Issue 11 2024 Page 804-808
IEEE:
Dhiraj Fulzele , Dr. Pallavi Kharat , Prof Ashish Waghmare , Prof. Prashant Ambhore
"A Review on Incorporating ESG Metrics in Contractor Selection for Infrastructure Projects: A Micmac Perspective" Iconic Research And Engineering Journals, 7(11)
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IRE Journals is an open access online journals established with an aim to publish high quality of research work in various diciplines. We have more than 6 years in publications. Over 2500+ papers already published.
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