Research Publications

Now showing 1 - 3 of 3

Open Access
Impact to the Quantity Surveyors Due to the Current Economic Crisis in Sri Lanka
(Sri Lanka Institute of Information Technology, 2023-03-25) Manawasinghe, S.I; Gunarathna, N; Perera, S
This research focuses on the impact to the Quantity Surveyors due to the current economic crisis in Sri Lanka. The Easter bomb attack, covid 19 pandemic, and political instability can be seen as the proximate causes of the current economic crisis, while there were many structural issues of the local economy which had paved way for the same. As a developing country, the crisis had a stronger impact on the construction industry than other industries of the economy. The main reasons for the collapse of the construction industry are the suspension of construction projects by the government, the increase in the price of construction materials, the lack of investors to invest in new projects, and bottlenecks in terms of wrong policy directives. The professionals in the construction industry were severely impacted by the downfall. Among the professionals in the construction industry, this study focusses on QSs- (Quantity Surveyors). Thirty (30) semi-structured interviews were carried out in terms of data gathering. The survey findings demonstrated the type of organization and working experience of QSs. The collected data were analyzed using techniques of thematic analysis. Moreover, the findings identified factors which were the challenges due to current economic crisis and proposed strategies to help overcome those challenges
Open Access
Strategies Used by the Sri Lankan Construction Industry to Overcome the Challenges Posed by the Covid-19
(SLIIT, Faculty of Engineering, 2023-03-02) Fernando, P; Gunarathna, N
The global outbreak of the COVID-19 pandemic has thrown the world's political, social, economic, religious, and financial structures into disarray. COVID-19 has a broad range of effects on numerous industries, including construction. Sri Lanka as a developing country is also affected by the pandemic and many sectors of the Sri Lankan economy such as construction, education, tourism, imports and exports, agriculture, and health etc are experiencing negative consequences of the pandemic, Construction industry as one of the key sectors of the economy was also severely affected by the COVID-19 global pandemic in various ways. Construction companies and government institutes are taking action to face these challenges. This study describes how COVID-19 impacts the local construction industry throughout the construction process. Furthermore, the impact was evaluated with regard to several aspects namely, financial, human resources, supply chain and logistics, legal, and completion and handover of the project. The strategies which are used by the construction industry participants to face the challenges of the pandemic are also discussed. A mixed research approach was used in the study and questionnaires which comprised of both qualitative and quantitative questions were used as a data collection tool. This research revealed new knowledge about the construction industry in relation to the COVID-19 pandemic. The study's most important finding was that the spread of the virus influenced the entire construction process. The pandemic had a major impact on the construction stage as well as the human resources aspect of the industry.
Open Access
EFFECT OF COVID-19 ON THE SMALL-SCALE CONSTRUCTION COMPANIES: THE CASE OF COLOMBO DISTRICT, SRI LANKA
(Ceylon Institute of Builders, 2022-06-26) Gunarathna, N; Namarathna, C. P
COVID-19 is a global pandemic that has wreaked havoc on the lives of many individuals and has had a severe impact on the global economy. During this crisis, small and medium-scale businesses suffer the most and are the least prepared among all companies as per the previous studies done in other parts of the world. The majority of the small-scale construction firms in Sri Lanka act as subcontractors and generate job opportunities for a considerable number of people and are able to create a multiplier effect on the whole economy. However, it was observed that they are more vulnerable to the adverse impact of the pandemic. Thus, the principal goal of this research is to explore possible survival strategies to overcome critical financial issues of small-scale construction companies during the ongoing COVID-19 pandemic in Sri Lanka. A mixedmethod approach was adopted to gather the data for the study. A comprehensive literature review was carried out to identify the impact of COVID-19 on both global and local construction industries. The data for this study was gathered using semi-structured interviews and a comprehensive questionnaire survey with small scale construction company owners and construction industry professionals. The findings highlighted the key financial issues faced by the small-scale construction companies due to the pandemic including delays in client payments, supply chain management issues, frequent price escalation of construction materials, and inability to repay loans. The respondents suggested creating partnerships with financially strong companies, reduction of unwanted expenses, modifying supply chain channels and agreements, and ensuring business continuity plans as the strategies to be used to overcome the financial burden that occurred due to the pandemic.

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