Abstract
In the stable economic growth, such as Namibia, small and medium enterprises in the
construction industry are vital for the growth and sustainability of the county
economy. The source of work of SMEs in the construction industry is through
Government tenders and tenders warded to them. The aim of this qualitative study
was to determine the growth and success of small and medium enterprises (SMEs) in
the construction industry in Ondangwa and Ongwediva. Data collected through
interviews showed that the growth and success of the SMEs in the construction
industry is depending on the companies getting tenders, SMEs contractors employing
experienced and technical staff and the financial discipline of the SMEs construction
owners. The chance of SMEs in the construction industry to get more tenders is
depending on their ability to provide the required collateral guarantee, performance
guarantee, employing qualified bookkeepers or qualified financial accountants to
reconcile the company financial records, and be in good standing with the receiver of
revenue and the Social Security Commission. Thus, the study identifies strategic
actions that need to be taken to address the problems faced by the SMEs construction
companies in the construction industry in Namibia.
The government in consultation
with NCCI, NIA and CIF to help to translate the conditions of FIDIC in all local
languages and make them available at a cost, so that all SMEs owners can be able to
read and understand the conditions of FIDIC.
NEVONGA, P (2021). An Investigative Study On The Growth And Success Of Small And Medium Enterprises (Smes) In The Construction Industry In Ondangwa And Ongwediva. Afribary. Retrieved from https://track.afribary.com/works/an-investigative-study-on-the-growth-and-success-of-small-and-medium-enterprises-smes-in-the-construction-industry-in-ondangwa-and-ongwediva
NEVONGA, PETRUS "An Investigative Study On The Growth And Success Of Small And Medium Enterprises (Smes) In The Construction Industry In Ondangwa And Ongwediva" Afribary. Afribary, 28 Apr. 2021, https://track.afribary.com/works/an-investigative-study-on-the-growth-and-success-of-small-and-medium-enterprises-smes-in-the-construction-industry-in-ondangwa-and-ongwediva. Accessed 08 Oct. 2024.
NEVONGA, PETRUS . "An Investigative Study On The Growth And Success Of Small And Medium Enterprises (Smes) In The Construction Industry In Ondangwa And Ongwediva". Afribary, Afribary, 28 Apr. 2021. Web. 08 Oct. 2024. < https://track.afribary.com/works/an-investigative-study-on-the-growth-and-success-of-small-and-medium-enterprises-smes-in-the-construction-industry-in-ondangwa-and-ongwediva >.
NEVONGA, PETRUS . "An Investigative Study On The Growth And Success Of Small And Medium Enterprises (Smes) In The Construction Industry In Ondangwa And Ongwediva" Afribary (2021). Accessed October 08, 2024. https://track.afribary.com/works/an-investigative-study-on-the-growth-and-success-of-small-and-medium-enterprises-smes-in-the-construction-industry-in-ondangwa-and-ongwediva