Track: Construction Management

Abstract

The domination of Small and Medium Sized Enterprise (SME) contractors in the construction industry, has positioned them as the bedrock of economic growth all over the world. The study examines the factors that influence SME contractors’ growth in Cape Coast. Structured questionnaires were administered among the constructional professionals in Cape Coast Metropolis. Findings from the study show that lack of government support has contributed to the factors that retard the growth of Small and Medium-Sized Enterprise SME) contractors in Cape Coast Metropolis. Other contributing factors are delayed payment for work done and high staff turnover. Government support is required and upfront payment of contractors’ to help shape and improve the performances of the SME contractors’ for the development of Cape Coast Metropolis.

Keywords: Construction Industry, Economic Growth, Influential Factors, Market Challenges, Performance.