Project schedule influenced by financial issues: Evidence in construction industry

Abstract

Financial issues in construction projects lead to serious consequences that may retard the development of a project and influence the overall economical condition of a country. This paper addresses the issues of financial-related delays in construction projects. Aiming to determine the major causes of financial-related problems leading to construction delay and to identify possible solutions in mitigating financial-related construction delays, data was collected though a questionnaire survey and a follow-up interview survey. Responses were obtained from a combination of clients, contractors, consultants and bankers in the questionnaire survey. Contractors’ unstable financial background, client’s poor financial and business management, difficulties in getting loan from financiers, and inflation were identified as the most significant causes. Findings indicate clients play the most important role in reducing the impact of financial problems towards project delay. Recommendations in mitigating financial-related delays are provided accordingly.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 42 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.