Severson, G D; Jaselskis, E J and Russell, J S (1993) Trends in construction contractor financial data. Journal of Construction Engineering and Management, 119(4), pp. 854-858. ISSN 0733-9364
Abstract
The purpose of this technical note is to describe the results of a study investigating trends in contractor financial data to help predict their likelihood of experiencing a claim. Financial statements of 87 contractors (36 claim and 51 nonclaim) were obtained from four companies underwriting construction contract surety bonds. A claim contractor is defined as one that defaulted on a bond, many times requiring the surety to pay a loss. A nonclaim contractor is defined as one that has not defaulted on a surety bond during the period for which financial data was supplied. The described trends can assist construction industry professionals by providing them with quantitative values of financial variables for both claim and nonclaim contractors.
| Item Type: | Article |
|---|---|
| Index terms: | construction contractor, surety, construction contract, construction industry |
| Subjects: | practitioner, contract type, warranties, industry analysis |
| Topics: | Contract Administration, Procurement, Roles and Professions, Research Practice |
| Descriptive scope: | 3 PCT |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here