Track: Industry Practices and Solutions

Abstract

Over time, small, medium and micro enterprises (SMMEs) in the construction industry have become key contributors to the Zambian economy, through the creation of job opportunities. However, these enterprises are faced with challenges that restrict their growth and development. It is based on this knowledge that this study through a preliminary study assessed the factors impeding the growth of SMMES in the construction industry in Lusaka, Zambia. The study adopted a quantitative survey approach and data were gathered from SMMEs owners. Data gathered were analysed using percentage, mean score, and standard deviation. Findings revealed that the major factors impeding the growth of SMMEs are poor financial control, poor project management, lack of experience in preparation of tender document, poor time management and lack of capital. Some of the measures for improving their growth are government incentives such as tax holidays, provision of training and after-care services, and proper monitoring and evaluation system. The study contributes to the body of existing literature as it brings to light the factors impeding the growth of SMMEs in the construction industry in Zambia, and the measures for improving same. This area has been deficient of research attention in the discussion of SMMEs in construction industries around the world.