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dc.contributor.authorRamachandra, Ten_US
dc.contributor.authorRotimi, JOBen_US
dc.date.available2015en_US
dc.date.issued2015en_US
dc.identifierhttp://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4214en_US
dc.identifier.citationConstruction Economics and Building, 2015, 15 (1), pp. 43 - 55en_US
dc.identifier.issn1835-6354en_US
dc.description.abstractPayment delays and losses persist in the construction industry and continue to be a key concern to industry practitioners. Therefore an exploration of the key causes of payment delays and losses is undertaken in this study with the ultimate objective of seeking mitigating solutions. The study adopted a survey approach using an online questionnaire, administered to practitioners from the New Zealand construction industry, comprising consultants, head contractors and subcontractors. The data obtained was analysed using inferential statistical techniques, including comparing means and factor analysis. Factor analysis enabled clustering of the inter-related causes of payment delays and losses in order to find reduced number of causes. Accordingly, the study found that payment problems mainly relate to contractual issues, financial strength of industry players, disputes, short-comings of payment processes and ‘domino effects’. Among them, the financial strength of critical industry players was considered central to payment problems. The study concludes that any solution to these problems must address these primary causes, as a rational starting point. Thus procuring a feasible form of financial security at the outset of a project, and the pre-qualification of the financial status of critical project participants, were found to be significant in the mitigation of construction payment risksen_US
dc.format.extent43 - 55en_US
dc.publisherUniversity of Technology Sydney (UTS) ePressen_US
dc.relation.urihttp://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4214/4542en_US
dc.rightsConstruction Economics and Building 2015. © 2015 Thanuja Ramachandra and James Olabode Bamidele Rotimi. This is an Open Access article distributed under the terms of the Creative Commons Attribution 4.0 Unported (CC BY 4.0) License (https://creativecommons.org/licenses/by/4.0/), allowing third parties to copy and redistribute the material in any medium or format and to remix, transform, and build upon the material for any purpose, even commercially, provided the original work is properly cited and states its license.en_US
dc.titleCauses of payment problems in the New Zealand construction industryen_US
dc.typeJournal Article
dc.citation.volume15en_US
dc.identifier.doi10.5130/ajceb.v15i1.4214en_US
dc.description.confidentialfalseen_US
dc.identifier.elements-id398641
dc.relation.isPartOfConstruction Economics and Buildingen_US
dc.citation.issue1en_US
dc.identifier.eissn2204-9029en_US
pubs.organisational-group/Massey University
pubs.organisational-group/Massey University/College of Sciences
pubs.organisational-group/Massey University/College of Sciences/School of Built Environment
dc.identifier.harvestedMassey_Dark
pubs.notesNot knownen_US
dc.publisher.urihttp://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4214en_US
dc.subject.anzsrc0905 Civil Engineeringen_US
dc.subject.anzsrc1202 Buildingen_US
dc.subject.anzsrc1402 Applied Economicsen_US


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