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DELAY OF FINAL ACCOUNT IN CONSTRUCTION PROJECT

The construction industry has been a significant contributor to Malaysia's economy. Although it represents a small portion of Malaysia's economy, it serves as a catalyst for boosting other sectors. The Final Account is a detailed summary of accounts that is prepared at the end of the...

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Bibliographic Details
Main Author: Sim, Soon Lee
Format: Final Year Project Report
Language:English
Published: Universiti Malaysia Sarawak, (UNIMAS) 2023
Subjects:
HG Finance
T Technology (General)
TH Building construction
Online Access:http://ir.unimas.my/id/eprint/46358/1/Sim%20Soon%20Lee%20ft.pdf
http://ir.unimas.my/id/eprint/46358/
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spelling my.unimas.ir-463582024-10-17T08:01:06Z http://ir.unimas.my/id/eprint/46358/ DELAY OF FINAL ACCOUNT IN CONSTRUCTION PROJECT Sim, Soon Lee HG Finance T Technology (General) TH Building construction The construction industry has been a significant contributor to Malaysia's economy. Although it represents a small portion of Malaysia's economy, it serves as a catalyst for boosting other sectors. The Final Account is a detailed summary of accounts that is prepared at the end of the construction period. Delays in Final Account can have a negative impact on both the time and financial aspects for contractors. Surprisingly, there has been no research conducted on the delay of Final Account in Kuching, Sarawak. Therefore, this study aims to explore the factors causing delays in the completion of Final Account in construction projects in Kuching, Sarawak. The objectives of this study are to investigate the importance of completing the final account, identify the factors causing delays in the completion of the final account among contractors, and evaluate the factors causing delays in the completion of the final account among consultants. A total of 94 respondents were selected to answer questionnaire surveys, and 2 interviewees were recruited for interviews using purposive sampling. The Final Account holds significant importance in Kuching's construction industry, particularly in determining the project's performance in terms of cost, time, and quality. From the contractor's perspective, client�related factors were found to be the most significant causes of delays in the Final Account, mainly due to financial problems. On the other hand, contractor-related factors were identified as the most significant causes of delays in the Final Account from the consultant's perspective. Both the contractors and consultants agreed that contractual factors were the least significant causes of delays in the Final Account, as the standard form of contract used in Kuching, Sarawak, is comprehensive and straightforward. Universiti Malaysia Sarawak, (UNIMAS) 2023 Final Year Project Report NonPeerReviewed text en http://ir.unimas.my/id/eprint/46358/1/Sim%20Soon%20Lee%20ft.pdf Sim, Soon Lee (2023) DELAY OF FINAL ACCOUNT IN CONSTRUCTION PROJECT. [Final Year Project Report] (Unpublished)
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HG Finance
T Technology (General)
TH Building construction
spellingShingle HG Finance
T Technology (General)
TH Building construction
Sim, Soon Lee
DELAY OF FINAL ACCOUNT IN CONSTRUCTION PROJECT
description The construction industry has been a significant contributor to Malaysia's economy. Although it represents a small portion of Malaysia's economy, it serves as a catalyst for boosting other sectors. The Final Account is a detailed summary of accounts that is prepared at the end of the construction period. Delays in Final Account can have a negative impact on both the time and financial aspects for contractors. Surprisingly, there has been no research conducted on the delay of Final Account in Kuching, Sarawak. Therefore, this study aims to explore the factors causing delays in the completion of Final Account in construction projects in Kuching, Sarawak. The objectives of this study are to investigate the importance of completing the final account, identify the factors causing delays in the completion of the final account among contractors, and evaluate the factors causing delays in the completion of the final account among consultants. A total of 94 respondents were selected to answer questionnaire surveys, and 2 interviewees were recruited for interviews using purposive sampling. The Final Account holds significant importance in Kuching's construction industry, particularly in determining the project's performance in terms of cost, time, and quality. From the contractor's perspective, client�related factors were found to be the most significant causes of delays in the Final Account, mainly due to financial problems. On the other hand, contractor-related factors were identified as the most significant causes of delays in the Final Account from the consultant's perspective. Both the contractors and consultants agreed that contractual factors were the least significant causes of delays in the Final Account, as the standard form of contract used in Kuching, Sarawak, is comprehensive and straightforward.
format Final Year Project Report
author Sim, Soon Lee
author_facet Sim, Soon Lee
author_sort Sim, Soon Lee
title DELAY OF FINAL ACCOUNT IN CONSTRUCTION PROJECT
title_short DELAY OF FINAL ACCOUNT IN CONSTRUCTION PROJECT
title_full DELAY OF FINAL ACCOUNT IN CONSTRUCTION PROJECT
title_fullStr DELAY OF FINAL ACCOUNT IN CONSTRUCTION PROJECT
title_full_unstemmed DELAY OF FINAL ACCOUNT IN CONSTRUCTION PROJECT
title_sort delay of final account in construction project
publisher Universiti Malaysia Sarawak, (UNIMAS)
publishDate 2023
url http://ir.unimas.my/id/eprint/46358/1/Sim%20Soon%20Lee%20ft.pdf
http://ir.unimas.my/id/eprint/46358/
_version_ 1814942159027044352
score 13.223943

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