Financial and contractual problems of construction projects in Iran
The construction industry is vital for the development of any country. The pace of the economic growth of any nation can be measured by the development of physical infrastructures, such as buildings, roads and bridges. Rapid and economy completions of projects depend largely upon the availability of...
| Main Authors: | , , |
|---|---|
| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2008
|
| Subjects: | |
| Online Access: | http://eprints.usm.my/34678/ http://eprints.usm.my/34678/1/HBP19.pdf |
| _version_ | 1848877408142229504 |
|---|---|
| author | Khoshgoftar, Mohammad Bakar, Abu Hassan Abu Osman, Omar |
| author_facet | Khoshgoftar, Mohammad Bakar, Abu Hassan Abu Osman, Omar |
| author_sort | Khoshgoftar, Mohammad |
| building | USM Institutional Repository |
| collection | Online Access |
| description | The construction industry is vital for the development of any country. The pace of the economic growth of any nation can be measured by the development of physical infrastructures, such as buildings, roads and bridges. Rapid and economy completions of projects depend largely upon the availability of timely funds. Most of the clients hire a general contractor through competitive bidding process to do the entire construction work. The research was done on the industrial projects in
Iran. This research conducted by questionnaires survey on those who worked in client consultant and contractor companies. Forty eight sets of questionnaires were posted and emailed to large companies in Esfahan at random. The result indicated that the most important contractual problems were: In the documents of tender, some items of the tasks and works in project are not predicted, In
the time of the tender, drawing and plans are not complete, contractors have not enough information about all work items in the project and the details about it, In the process of a project execution more new tasks are ordered, some of them need special plans and equipment that contractors are not ready for them. The most important financial problems were: employer financial
problem, contractor financial problem, inflation, low price of contract and lack of financial resources.
Keywords: Finance, Contract, Esfahan, Iran |
| first_indexed | 2025-11-15T17:14:58Z |
| format | Conference or Workshop Item |
| id | usm-34678 |
| institution | Universiti Sains Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T17:14:58Z |
| publishDate | 2008 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | usm-346782018-07-20T07:10:32Z http://eprints.usm.my/34678/ Financial and contractual problems of construction projects in Iran Khoshgoftar, Mohammad Bakar, Abu Hassan Abu Osman, Omar TH1-9745 Building construction The construction industry is vital for the development of any country. The pace of the economic growth of any nation can be measured by the development of physical infrastructures, such as buildings, roads and bridges. Rapid and economy completions of projects depend largely upon the availability of timely funds. Most of the clients hire a general contractor through competitive bidding process to do the entire construction work. The research was done on the industrial projects in Iran. This research conducted by questionnaires survey on those who worked in client consultant and contractor companies. Forty eight sets of questionnaires were posted and emailed to large companies in Esfahan at random. The result indicated that the most important contractual problems were: In the documents of tender, some items of the tasks and works in project are not predicted, In the time of the tender, drawing and plans are not complete, contractors have not enough information about all work items in the project and the details about it, In the process of a project execution more new tasks are ordered, some of them need special plans and equipment that contractors are not ready for them. The most important financial problems were: employer financial problem, contractor financial problem, inflation, low price of contract and lack of financial resources. Keywords: Finance, Contract, Esfahan, Iran 2008-12 Conference or Workshop Item PeerReviewed application/pdf en http://eprints.usm.my/34678/1/HBP19.pdf Khoshgoftar, Mohammad and Bakar, Abu Hassan Abu and Osman, Omar (2008) Financial and contractual problems of construction projects in Iran. In: 2nd International Conference on Built Environment in Developing Countries., 3rd- 4th December 2008, Universiti Sains Malaysia, Pulau Pinang. |
| spellingShingle | TH1-9745 Building construction Khoshgoftar, Mohammad Bakar, Abu Hassan Abu Osman, Omar Financial and contractual problems of construction projects in Iran |
| title | Financial and contractual problems of construction projects in Iran |
| title_full | Financial and contractual problems of construction projects in Iran |
| title_fullStr | Financial and contractual problems of construction projects in Iran |
| title_full_unstemmed | Financial and contractual problems of construction projects in Iran |
| title_short | Financial and contractual problems of construction projects in Iran |
| title_sort | financial and contractual problems of construction projects in iran |
| topic | TH1-9745 Building construction |
| url | http://eprints.usm.my/34678/ http://eprints.usm.my/34678/1/HBP19.pdf |