Assessing the readiness of construction industry stakeholders to adopt FIDIC 2017

Abstract

The FIDIC 2017 framework agreements claims to transform construction operations through updated mechanisms for dispute settlement alongside strategies to handle current industry obstacles. The analysis examines how prepared global construction organizations are to implement FIDIC 2017 through evaluation of stakeholder knowledge while identifying compatibility perceptions among these businesses. Through the application of Structural Equation Modeling (SEM) statistical techniques on survey results this study identifies essential links between different variables. Data analysis shows organizational preparedness depends greatly on socio-economic understanding along with organizations’ views about how well FIDIC 2017 integrates with current methodologies. The current challenges impeding effective transition stem from ongoing resistance to change together with critical shortages in specific technical capabilities. The recurring obstacles faced by organizations highlight the necessity for specific training purposes as educational programs that improve stakeholder technical and managerial skills. Construction companies can achieve necessary alignment with FIDIC 2017 standards by bridging existing operational gaps which will produce better organizational efficiency and more innovative approaches to conflict resolution. Through its research findings this study delivers applicable recommendations for both government officials and industry executives that highlight the necessity of collaborative networks and knowledge exchange structures during this transitional phase. The presented research delivers insights into worldwide construction contract management discussions through a practical strategy to implement the FIDIC 2017 guidelines. Once the industry resolves its readiness challenges and taps into the suite’s full capabilities it can build an operational framework that assures sustainable efficiency and positions itself for success in today’s ever-changing complex environment.