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You searched Library Catalogue - Author: Werle, Loukie.
Call Number (WOU) SP CEMBA 2018 31
Author Low, Yew Loi
Title A study on payment issues at construction industry faced by contractors in Klang Valley. / Low Yew Loi.
Abstract The construction industry has a poor payment practice of ‘work first, gets paid later’, and the payment terms are usually based on credit rather than payment upon delivery which means the contractors need to have a bigger capital outlay to undertake a construction work before progress payment is made. Thus, on-time payment has been said to be a lifeblood for a contractor during performing a construction project. There is regretted that it is common to find the late and non-payment issues in construction industry in Malaysia. The objective of this study is to identify the underlying causes and effects of late and non-payment issues faced by the contractors and to suggest the effective solutions to mitigate the payment default in the industry. The methodology adopted was through literature review and questionnaire surveys. The target respondents in this study were Quantity Surveys registered under Board of Quantity Surveyors Malaysia (BQSM) in Klang Valley. The data obtained was analyzed using inferential statistical techniques including comparing means, correlation and factor analysis. The findings from the study revealed that the top main causes of payment issues were local culture/ attitude, short of current year project and poor financial management by paymaster. The most serious effects of payment problem were created cash flow problem, created negative chain effect on other parties and create a financial hardship. The most prevalent solutions to mitigate the payment problem were to understand and research the owner's ability to pay, implementation of Construction Industry Payment and Adjudication Act (CIPAA) and provide the contractor right to suspend work.
Notes Final project report submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration (CeMBA).
Publisher/Year Penang : School of Business and Administration, Wawasan Open University, 2018.
Subject Construction -- Malaysia.

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