Price, A D F and Shawa, H (1997) Survey of project related finance in United Arab Emirates. Journal of Construction Engineering and Management, 123(3), pp. 223-232. ISSN 0733-9364
Abstract
This paper discusses project related finance for construction contractors operating in the United Arab Emirates. The research's assumptions and hypotheses were formulated after extensive literature searches and discussions with members of the industry. To obtain data, a questionnaire was sent to both lenders and borrowers. There were two versions of the questionnaire: one for contractors (borrowers), and the other for banks (lenders). Each version comprised two parts. Part 1 was common to both versions and contained nine assumptions on project related finance seen as suitable definitions of the subject. The respondents were requested to indicate their measure of agreement or disagreement by circling the appropriate number given. Part 2 was a survey of project related financing practice. It contained 17 questions in the borrowers' version and 21 questions in the lenders' version. Interviews were conducted with bankers and contractors. Guidelines for lenders were developed to help in the decision-making process and to help identify the areas that concern bankers most when lending to contractors. The findings, if implemented, should act as confidence building measures between contractors and bankers, whether they look for new relationships or develop existing ones, and could positively influence the opinions of bankers regarding contractors, giving industry the benefit of more stable relationships.
| Item Type: | Article |
|---|---|
| Index terms: | decision-making process, questionnaire, financing, United Arab Emirates, construction contractor, interview, survey |
| Subjects: | decision analysis, Geography, economic analysis, practitioner, data collection methods |
| Topics: | Roles and Professions, Risk Management, Geographical Context, Research Practice, Business Strategy |
| Descriptive scope: | 3 PEA |
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