The impacts of forex fluctuations on international construction projects international conference on research methodology for built environment and engineering

Abstract

The international construction project is a most valuable market project and many of the contractor would like to be participate. This is because they are tricked with the exchange rate (money) and directly attracted with the profit they will gain after the project is completed without notice that they will be affected with the FOREX’s fluctuation and give them complexity on handling the project further. In additions, nowadays many new vendors try their luck without make a good judgement on the risk. So, the objective of this study is to identify the impacts of FOREX fluctuations on those perspectives at international level. This study also uses quantitative method through questionnaire survey that distributed randomly, and the result obtained were from top management and non-top management in construction hierarchy with different level of experiences. The collected data analysed by using two methods which are Statistical Package for Social Science (SPSS) and Microsoft Excel. From SPSS software, it processed the regression analysis for impacts of FOREX data in the questionnaire. For second method then, the Relative Importance Index being applied to run the data for capability and mitigation actions in determining the ranking of priority. As overall, the impacts of FOREX fluctuation on international construction project has been identified regarding to three mechanisms which are business management, technical and financial. These outputs are useful as a guideline for international construction project companies when they are venturing this challenging market regarding to quality, period and cost of the project.