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Adaku, E, Osei-Poku, V, Ottou, J A and Yirenkyi-Fianko, A (2024) Contractor payment delays: a systematic review of current trends and future directions. Construction Innovation, 24(05), 1205–27.
Almasabha, G, Shehadeh, A, Alshboul, O and Al Hattamleh, O (2024) Structural performance of buried reinforced concrete pipelines under deep embankment soil. Construction Innovation, 24(05), 1280-96.
Hilu, K A and Hiyassat, M A (2024) Qualitative assessment of resilience in construction projects. Construction Innovation, 24(05), 1297-319.
Jayamaha, B H V H, Perera, B A K S, Gimhani, K D M and Rodrigo, M N N (2024) Adaptability of enterprise resource planning (ERP) systems for cost management of building construction projects in Sri Lanka. Construction Innovation, 24(05), 1255-79.
Kedir, F, Hall, D M, Brantvall, S, Lessing, J, Hollberg, A and Soman, R K (2024) Circular information flows in industrialized housing construction: the case of a multi-family housing product platform in Sweden. Construction Innovation, 24(05), 1354-79.
Kineber, A F, Othman, I, Oke, A E, Chileshe, N and Zayed, T (2024) Modeling the relationship between value management implementation phases, critical success factors and overall project success. Construction Innovation, 24(05), 1380-400.
Nguyen Ngoc, H, Mohammed Abdelkader, E, Al-Sakkaf, A, Alfalah, G and Zayed, T (2024) A hybrid AHP-maut model for assessing competitiveness of construction companies: A case study of construction companies in Vietnam and Canada. Construction Innovation, 24(05), 1320-53.
Sammour, F, Alkailani, H, Sweis, G J, Sweis, R J, Maaitah, W and Alashkar, A (2024) Forecasting demand in the residential construction industry using machine learning algorithms in Jordan. Construction Innovation, 24(05), 1228-54.
Shang, G, Pheng, L S and Zhong Xia, R L (2024) Adoption of smart contracts in the construction industry: an institutional analysis of drivers and barriers. Construction Innovation, 24(05), 1401-21.
- Type: Journal Article
- Keywords: barriers; construction industry; drivers; institutional theory; Singapore; smart contracts; questionaire survey; interview
- ISBN/ISSN: 14714175
- URL: https://doi.org/10.1108/CI-03-2022-0066
- Abstract:
Purpose: The construction industry has arrived at a crossroads of rapid technological progress. While it is foreseen that the advent of new construction technologies will disrupt the construction industry’s future, such disruptions often create the ideal environment for innovation. As poor payment practices continue to plague the construction industry, the advent of smart contracts has created an opportunity to rectify the inherent flaws in the mitigation of payment problems in traditional construction contracts. Given the intrinsic resistance of construction firms to such revolutionary changes, this study aims to understand the various factors influencing the adoption of smart contracts in the Singapore construction industry. Design/methodology/approach: A mixed method was adopted involving quantifying respondents’ perceptions of the factors influencing smart contract adoption, and validation from a group of interviewees on the matter. Out of 461 registered quantity surveyor members contacted via the Singapore institute of surveyors and valuers website, 55 respondents took part in the survey. This is followed by semi-structured interviews to validate the survey results. Findings: The findings indicate that construction firms have neither a significant knowledge of nor willingness to adopt smart contracts. A total of 29 institutional factors were also identified that significantly influence the adoption of smart contracts. The quantitative findings were further reinforced by qualitative interviews with five industry experts. Originality/value: With recognition of and the successful formulation of the significant institutional drivers and barriers, the key findings of this study will be integral in driving the commercial adoption of smart contracts within the construction industry.
Zabidin, N S, Belayutham, S and Che Ibrahim, C K I (2024) The knowledge, attitude and practices (kap) of industry 4.0 between construction practitioners and academicians in Malaysia: A comparative study. Construction Innovation, 24(05), 1185-204.