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Omopariola, E D, Olugboyega, O, Windapo, A O and Albert, I (2022) Establishing the Cost and Time Performances of Projects Executed by South African Construction Companies Using Different Payment Systems. In: Tutesigensi, A and Neilson, C J (Eds.), Proceedings 38th Annual ARCOM Conference, 5-7 September 2022, Glasgow Caledonian University, Glasgow, UK. Association of Researchers in Construction Management, 124-133.
- Type: Conference Proceedings
- Keywords: time performance, cost performance, project payment system, South Africa, South African construction companies
- ISBN/ISSN: 978-0-9955463-6-3
- URL: http://www.arcom.ac.uk/-docs/proceedings/6bf91300f9e6cb7fd4f29f60488ec8e1.pdf
- Abstract:
<p>The poor performance of construction projects and organisations is a global phenomenon. Inappropriate payment systems often impact the successful delivery of projects to client requirements and dispute avoidance. This study investigates the different payment systems employed and the performance of construction projects in South Africa. The study used a quantitative research approach employing questionnaires randomly distributed to construction companies. The researchers analysed eighty-eight projects comprising heavy construction, building maintenance, and commercial, industrial, institutional, and residential buildings. The study found that thirty-seven projects have cost underrun, with the highway maintenance project having the highest percentage of cost underrun using the interim project payment system. Based on these findings, the study concludes that heavy construction and commercial building projects executed using an interim payment system and payment on completion will experience underrun. Therefore, it is recommended that clients consider the project type in their choice of the payment systems.</p>