Project cost overruns and risk allocation in public funded projects in Malaysia

Shahrin, F; Mahmood, K and Hassan, F (2021) Project cost overruns and risk allocation in public funded projects in Malaysia. In: Scott, L and Neilson, C J (eds.) Proceedings of 37th Annual ARCOM Conference, 6-7 September 2021, Online Event, UK.

Abstract

This paper presents a review of international peer-reviewed academic research into the question of how corruption in the construction industry can exacerbate the human impact of naturally-triggered disasters. A systematic review of peer-reviewed academic papers from the fields of corruption, construction and disaster management over the past thirty years reveals a dearth of empirical research in this area. Results indicate that existing research tends to focus on the quality of governance and the drivers of corruption and is fragmented, limited and narrow in scope. Despite these limitations, evidence is found to support the proposition that corruption in the construction industry can significantly worsen the economic, social and environmental impacts of naturally-triggered disasters. This appears to be especially the case where corruption, disaster, and poverty intersect. Acknowledging the methodological challenges of undertaking research in this area, it is concluded that more research is needed to test this proposition which intersects the related fields of corruption, natural disasters and the construction industry.

Item Type: Conference Paper (Paper)
Uncontrolled Keywords: cost planning, overrun, risk allocation and traditional procurement.
Index terms: natural disaster, governance, poverty, traditional procurement, human impact, evidence, environmental impact, risk allocation, cost planning, overrun, construction industry, Malaysia, systematic literature review, corruption, project cost, disaster management
Subjects: economics, industry analysis, Geography, research evaluation and metrics, contractual arrangements, environmental impact, professional ethics, environmental hazards, sociology, financial risk, financial management, business, evaluation and assessment methods, project controls
Topics: Geographical Context, Procurement, Governance, Time Control, Legal Issues, Sustainability, Research Practice, Ethics, Cost Management
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