Factors contributing to progress payment problems in Malaysian construction projects / Nurul Izzati Abdul Halim and Nor Suzila Lop
Payment like interim payment is the most important in construction projects because it is the lifeblood that keeps the project operating efficiently. Timely and accurate payments are necessary to maintain a good cash flow, allowing contractors to meet their financial obligations to pay workers. Howe...
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| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2023
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/99695/1/99695.pdf https://ir.uitm.edu.my/id/eprint/99695/ |
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| Summary: | Payment like interim payment is the most important in construction projects because it is the lifeblood that keeps the project operating efficiently. Timely and accurate payments are necessary to maintain a good cash flow, allowing contractors to meet their financial obligations to pay workers. However, the construction project is prone to numerous payment problems, such as delayed payment and non-payment. Delayed payment is a common issue in which contractors are not paid on time, resulting in cash flow problems and significant project delays. The objective of this research was to identify the factors contributing to progress payment problems in Malaysian construction projects. The research methodology used was a quantitative method via a questionnaire survey. A total of 106 questionnaires has been distributed to grade G1 until G5 contractor in Klang Valley through a stratified random sampling method, and 52 questionnaires have been returned. The Statistical Package for the Social Sciences (SPSS) version 28 software was used to analyse the data. From the findings, it was found that most of the respondents agreed with the factors contributing to progress payment problems in Malaysian construction projects. The findings will help the project stakeholders overcome the payment problems and ensure project completion within the specified time, cost, and quality. |
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