Payment issues - the present dilemmas of malaysian construction industry

The construction industry plays an important role in Malaysia development process. The industry establishes buildings and infrastructure works required for social economic development which contribute to the overall economic growth. The industry also provides works for many ranging from professional...

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Main Author:	Ang, Tony Su Sin
Format:	Thesis
Language:	English
Published:	2006
Subjects:	HG Finance
Online Access:	http://eprints.utm.my/id/eprint/2313/1/AngSuSinMFAB2006.pdf
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id	my-utm-ep.2313
record_format	uketd_dc
spelling	my-utm-ep.23132018-06-25T00:40:33Z Payment issues - the present dilemmas of malaysian construction industry 2006-07 Ang, Tony Su Sin HG Finance TD Environmental technology. Sanitary engineering The construction industry plays an important role in Malaysia development process. The industry establishes buildings and infrastructure works required for social economic development which contribute to the overall economic growth. The industry also provides works for many ranging from professionals such as architects, engineers and surveyors to main contractors, subcontractors, suppliers and ultimately manual labourers who are employed by these contractors. However, there remains a chronic problem of delayed and non-payment in the Malaysian construction industry affecting the entire delivery chain. This research therefore set out to study the profiles of Malaysian court cases in relation to payment disputes in construction industry. The research is also to address the legal issues in relation to payment disputes based on the court cases. The result shows that payment has been an issue of major concern in the construction industry. One of the reasons is that the dispute amounts involved are large. It also reflects the inadequacies and shortfalls of litigation process which take a long duration to determine the dispute. Also, it is common for employer to defend their cross claim by alleging defective works and delayed completion. As consequences, the payment due is postponed until the resolution of the dispute. It is choking the financial lifeline of the contractor with dire consequences. In summary, findings of this research may assist the relevant parties in addressing problems associated to late and nonpayment in an effective and timely manner to create a win-win situation for all parties in the Malaysian construction industry 2006-07 Thesis http://eprints.utm.my/id/eprint/2313/ http://eprints.utm.my/id/eprint/2313/1/AngSuSinMFAB2006.pdf application/pdf en public masters Univeristi Teknologi Malaysia, Faculty of Built Environment Faculty of Built Environment
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	HG Finance HG Finance
spellingShingle	HG Finance HG Finance Ang, Tony Su Sin Payment issues - the present dilemmas of malaysian construction industry
description	The construction industry plays an important role in Malaysia development process. The industry establishes buildings and infrastructure works required for social economic development which contribute to the overall economic growth. The industry also provides works for many ranging from professionals such as architects, engineers and surveyors to main contractors, subcontractors, suppliers and ultimately manual labourers who are employed by these contractors. However, there remains a chronic problem of delayed and non-payment in the Malaysian construction industry affecting the entire delivery chain. This research therefore set out to study the profiles of Malaysian court cases in relation to payment disputes in construction industry. The research is also to address the legal issues in relation to payment disputes based on the court cases. The result shows that payment has been an issue of major concern in the construction industry. One of the reasons is that the dispute amounts involved are large. It also reflects the inadequacies and shortfalls of litigation process which take a long duration to determine the dispute. Also, it is common for employer to defend their cross claim by alleging defective works and delayed completion. As consequences, the payment due is postponed until the resolution of the dispute. It is choking the financial lifeline of the contractor with dire consequences. In summary, findings of this research may assist the relevant parties in addressing problems associated to late and nonpayment in an effective and timely manner to create a win-win situation for all parties in the Malaysian construction industry
format	Thesis
qualification_level	Master's degree
author	Ang, Tony Su Sin
author_facet	Ang, Tony Su Sin
author_sort	Ang, Tony Su Sin
title	Payment issues - the present dilemmas of malaysian construction industry
title_short	Payment issues - the present dilemmas of malaysian construction industry
title_full	Payment issues - the present dilemmas of malaysian construction industry
title_fullStr	Payment issues - the present dilemmas of malaysian construction industry
title_full_unstemmed	Payment issues - the present dilemmas of malaysian construction industry
title_sort	payment issues - the present dilemmas of malaysian construction industry
granting_institution	Univeristi Teknologi Malaysia, Faculty of Built Environment
granting_department	Faculty of Built Environment
publishDate	2006
url	http://eprints.utm.my/id/eprint/2313/1/AngSuSinMFAB2006.pdf
_version_	1747814409254731776

Payment issues - the present dilemmas of malaysian construction industry

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