By Dakshitha Thalgodapitiya
The Construction Industry plays an indispensable role in the Sri Lankan Economy in providing the physical infrastructure which is fundamental to the Country’s Development. However this industry experiences instability and interconnected structural problems which are associated with the declining demand, volatile nature of the demand and the consequent shedding of labor with resources becoming idle. We have witnessed a uniquely project-specific and complex environment in which the industry operates combining different investors, clients, contractual arrangements and consulting professionals: on varying site conditions, designs, materials and technologies bringing together different contractors, specialist subcontractors and a workforce assembled for each project. Sri Lankan Construction Industry is largely dominated by Micro, Small and Medium Scale Enterprises – This is continuing to be an informal sector with negligible presence in the Stock Market.