Swai, L L P and Arewa, A O (2018) Potentiality of emerging technologies to minimise late-payments quandary in construction. In: Gorse, C and Neilson, C J (eds.) Proceedings of 34th Annual ARCOM Conference, 3-5 September 2018, Queen’s University, Belfast, UK.
Abstract
Globally, late payments to contractors remain a serious problem in the construction industry. Recent studies reveal a substantial rise of 27% cases of late payments within this industry; with over £30 billion of unpaid invoices to small and medium sized contractors. Yet, there is little empirical study concerning the role of emerging digital technologies like BIM to improve payment practices in the UK construction industry. The study seeks to explore the option of using BIM to alleviate chronic late-payment problems in the construction industry<strong>. </strong>The study adopts a sequential explanatory type of mixed methods design strategies; in addition to use of 13 case studies to explore the potentials of BIM in minimising late-payments. The multi-methods research design used QUAL-QUAN concept. The study data was collected from a representative population sample that includes software engineers; digital technology experts and construction professional; for better understanding of the research problem. Initial findings show that implementation of BIM at the right level has the potential to minimise late payments menace in the construction industry. In addition, the study identified that if digital automated payment systems; are reconfigured properly into BIM framework; it has potential to expedite payment process and offer greater transparency to all supply chain. Other findings are stated 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.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | emerging technologies late payments; construction industry |
| Index terms: | cash flow, design strategy, case study, research design, engineer, population, emerging technology, construction professional, empirical study, construction contractor, digital technology, late payment, construction industry, implementation, transparency, option |
| Subjects: | demography, payment, decision analysis, industry analysis, financial management, research methods, professional development, innovation and technology management, contractual arrangements, data collection methods, profession, research design and methodology, practitioner, computing systems, design methods |
| Topics: | Design Practice, Urban Studies, Digital Applications, Contract Administration, Cost Management, Research Practice, Information Management, Risk Management, Roles and Professions, Procurement |
| Descriptive scope: | 5 PCTEA |
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