Payment culture in Malaysian construction industry

Cash flow is the life blood of the construction industry and basically cash flow is majorly contributed by payment that gain. Unfortunately, late payment becomes a habit in the construction industry and this practice could turn the construction company to many implications such as bankruptcy, the hi...

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Main Author:	Mohd. Badroldin, Mohd. Khairul Anas
Format:	Thesis
Language:	English
Published:	2015
Subjects:	TA Engineering (General) Civil engineering (General)
Online Access:	http://eprints.utm.my/id/eprint/53580/25/MohdKhairulAnasMohdBadroldinMFKA2015.pdf
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id	my-utm-ep.53580
record_format	uketd_dc
spelling	my-utm-ep.535802020-07-21T09:12:55Z Payment culture in Malaysian construction industry 2015-01 Mohd. Badroldin, Mohd. Khairul Anas TA Engineering (General). Civil engineering (General) Cash flow is the life blood of the construction industry and basically cash flow is majorly contributed by payment that gain. Unfortunately, late payment becomes a habit in the construction industry and this practice could turn the construction company to many implications such as bankruptcy, the higher the contract sum due to the risk, uncomfortable relationship between the payer and payee, disturbance supply chain and others. The objectives of this master project are to study the construction industry payment scenario, impact of late payment to contractors, to identify the factors of late payment in the construction industry and to identify methods for tackling late payment in the construction industry. Literature review by performing focusing on issues related to late payment and primary data were collected by distributing 100 sets of questionnaires based on convenience sampling. The collected data were analysed by using frequency distribution and relative important index. The results of the study show that the late payment is one of the most critical problems in the Malaysian construction industry. The majority of the contractor experienced late payment quite frequently and even beyond the stipulated term. The top 3 impact of the late payment problems is the negative chain effect on other parties, results in delay in completion projects and leads to bankruptcy or liquidation. The top 3 factors that contribute to the late payment problem are disagree with the valuation of work done, technical problem and conflict among parties involve. The top 3 method for tackling late payment problem are uses of technology, sector based approaches and fair and clear payments practice. 2015-01 Thesis http://eprints.utm.my/id/eprint/53580/ http://eprints.utm.my/id/eprint/53580/25/MohdKhairulAnasMohdBadroldinMFKA2015.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:85667 masters Universiti Teknologi Malaysia, Faculty of Civil Engineering Faculty of Civil Engineering
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	TA Engineering (General) Civil engineering (General)
spellingShingle	TA Engineering (General) Civil engineering (General) Mohd. Badroldin, Mohd. Khairul Anas Payment culture in Malaysian construction industry
description	Cash flow is the life blood of the construction industry and basically cash flow is majorly contributed by payment that gain. Unfortunately, late payment becomes a habit in the construction industry and this practice could turn the construction company to many implications such as bankruptcy, the higher the contract sum due to the risk, uncomfortable relationship between the payer and payee, disturbance supply chain and others. The objectives of this master project are to study the construction industry payment scenario, impact of late payment to contractors, to identify the factors of late payment in the construction industry and to identify methods for tackling late payment in the construction industry. Literature review by performing focusing on issues related to late payment and primary data were collected by distributing 100 sets of questionnaires based on convenience sampling. The collected data were analysed by using frequency distribution and relative important index. The results of the study show that the late payment is one of the most critical problems in the Malaysian construction industry. The majority of the contractor experienced late payment quite frequently and even beyond the stipulated term. The top 3 impact of the late payment problems is the negative chain effect on other parties, results in delay in completion projects and leads to bankruptcy or liquidation. The top 3 factors that contribute to the late payment problem are disagree with the valuation of work done, technical problem and conflict among parties involve. The top 3 method for tackling late payment problem are uses of technology, sector based approaches and fair and clear payments practice.
format	Thesis
qualification_level	Master's degree
author	Mohd. Badroldin, Mohd. Khairul Anas
author_facet	Mohd. Badroldin, Mohd. Khairul Anas
author_sort	Mohd. Badroldin, Mohd. Khairul Anas
title	Payment culture in Malaysian construction industry
title_short	Payment culture in Malaysian construction industry
title_full	Payment culture in Malaysian construction industry
title_fullStr	Payment culture in Malaysian construction industry
title_full_unstemmed	Payment culture in Malaysian construction industry
title_sort	payment culture in malaysian construction industry
granting_institution	Universiti Teknologi Malaysia, Faculty of Civil Engineering
granting_department	Faculty of Civil Engineering
publishDate	2015
url	http://eprints.utm.my/id/eprint/53580/25/MohdKhairulAnasMohdBadroldinMFKA2015.pdf
_version_	1747817586686427136

Payment culture in Malaysian construction industry

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