Potentiality Of Emerging Technologies To Minimise Late-Payments Quandary In Construction.

Research output: Chapter in Book/Report/Conference proceedingConference proceeding

Abstract

Statement of the problem: Globally, late payments to contractors remain a persistent issue in the construction industry. Recent studies in UK reveal substantial rise of 27% cases of late-payments; with over £30 billion of unpaid invoices to construction contractors. Rationale: Yet, there is little empirical study concerning the role of emerging digital technologies such as Agresso Unit 4, 5D-BIM and Automated Payment Systems (APS) in alleviating chronic late-payment quandary in the construction industry. The research question: what are the potentiality of emerging technologies in minimising late-payment in the construction industry? Research methods: The study adopts a sequential explanatory type of mixed methods design strategies; in addition to use of five case studies to investigate potentiality of emerging technologies in minimising late-payments. Population sample: Representative population sample that includes digital technology experts and construction professionals in the UK participated in the study; for better understanding of the research problem. Findings: show that implementation of emerging technologies at the right level has potential to significantly minimise late payments menace in the construction industry. In specific terms, emerging technologies have potentials to leverage deep rooted administrative payment glitches, cultural and technical problems associated late-payment problems in construction. Other findings are presented in the conclusion section of the study. The study is part of on-going PhD study that seek to develop of a smart valuation and cash flow systems that will help minimise late-payment predicaments to construction contractors.
Original languageEnglish
Title of host publicationARCOM 2018: 34th Annual Conference – Belfast, UK
PublisherARCOM
Pages47-56
Number of pages8
ISBN (Print)978-0-9955463-2-5
Publication statusPublished - 2018
EventARCOM 2018 - Belfast, United Kingdom
Duration: 3 Sep 20185 Sep 2018
Conference number: 34
http://www.arcom.ac.uk/conf-next.php

Conference

ConferenceARCOM 2018
CountryUnited Kingdom
CityBelfast
Period3/09/185/09/18
Internet address

Bibliographical note

© Association of Researchers in Construction Management
All rights reserved. No part of this publication may be reproduced in
any material form (including photocopying or storing in any medium
by electronic means whether or not transient or incidentally to some
other use of this publication) without the permission of the copyright
holder except in accordance with the provisions of the Copyright
Designs and Patents Act 1988. Authors of papers in these
proceedings are authorised to use their own material freely.

Keywords

  • Emerging Technologies
  • Late-Payments
  • Construction Industry

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