Factors Causing Delay in Payment of Residential Building Projects in Thailand
(5480) |
| Borvorn Israngkura Na Ayudhya (Thailand) |
Assist. Prof.Dr. Borvorn Israngkura Na Ayudhya
Senior Lecturer
Rajamangala University of Technology Krungthep
2 Nanglinchee rd. Sathorn
Civil Engineering Department
Bangkok
10120
Thailand
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| Corresponding author Assist. Prof.Dr. Borvorn Israngkura Na Ayudhya (email: ayudhya2003[at]yahoo.com, tel.: +6681-838-1112) |
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Published on the web 2012-03-08
Received 2011-11-01 / Accepted 2012-02-02 |
| This paper is one of selection of papers published for the FIG Working Week 2012 in Rome, Italy and has undergone the FIG Peer Review Process. |
FIG Working Week 2012
ISBN 97887-90907-98-3 ISSN 2307-4086
http://www.fig.net/resources/proceedings/fig_proceedings/fig2012/index.htm
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Abstract |
| The objective of the study aims to investigate factors causing delay in payment from owner to main contractor in building construction projects in Thailand. The interview and questionnaire method was used in this research. Randomly distributed questionnaire technique was applied to selected samples of 123 various construction practitioners consisting of owners, consultants and main contractors to evaluated the severity of the 24 identified delay in payment factors. This survey found that technical and inspection category was ranked as the highest category in causing the payment delay to main contractors among other three main categories. The results of the survey also indicated that owner financial problems, delay in work approval, major accidents, inaccurate bill of quantities and substandard workmanship were major common factors in causing delay payment to main contractor delay. The evaluation of results showed that main contractors faced moderately severe level from delay in payment in building construction projects. |
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| Keywords: Risk management; Real estate development; Construction delay; Residential building; Delay in payment
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