A medium-sized New Zealand contractor wishes to expand beyond its domestic market. It has specialized in immersed tube tunnel technology in addition to design and build expertise and has been presented with details of three opportunities in recent weeks. The projects, all are from a similar size, located in countries with similar economies.
The company's directors believe that they have the in-house capability to assess the technical risks and the project's commercial risks but are unsure of in-country opportunities, risks and threats.
You have been asked to provide a quick overview of the markets in the three countries:
i. Papua New Guinea,
ii. Vanuatu, and
iii. Samoa
followed by a full report that describes the construction business environment in those countries.
You should,
(a) Gather as much information as possible and develop an overview and comparison between the three markets in order to select the most appropriate market for further study.
(b) Prepare a report for the selected country, which discusses the construction business environment including regulations, political situation, governmental incentives, the nature of demand, the primary construction sector that is developing, growth potential, leading market players and the market entrance and exit barriers
(c) Identify in the same report the anticipated challenges in this particular country that the construction firm needs to consider before moving to the country.