A Comparative Study of Construction Joint Ventures in Australia and Malaysia (original) (raw)

A Construction Joint Venture (CJV) refers to the collaboration of at least two construction organisations with a view to accomplishing mutually-agreed-upon objectives, wherein they share project risks, knowledge and resources. The Governments of Australia and Malaysia are encouraging and supporting local contractors to implement CJV approaches based on their expertise and experiences in construction. Although both countries fall into the Asia-Pacific region, but their experiences with CJVs might be different. A comparative study would help to indicate how well both countries have fared using this method. The aims of this research are to identify the reasons, perceived benefits and potential difficulties of implementing the joint venture approach, and to understand how the project performance on joint ventures are being measured. Four in-depth case studies of CJV projects were carried out by means of interviews with project or contractor representatives to compare their perceived project performance and cost risk allocations. The results suggest that the most common barriers to CJV success in both Australian and Malaysian construction industries include differences in organisational policies, inconsistent management styles, a lack of mutual understanding between joint venture team members and a lack of mutually-agreed-upon conflict resolution mechanisms between joint venture contracting parties.

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