Diverse Perspectives On The Impact Of Covid-19 Crisis On International Construction Contracts

2020 ◽  
pp. 244
Author(s):  
Saad Belkasmi
Keyword(s):  
Construction Contracts ◽  
International Construction ◽  
The Impact

Impact of COVID-19 pandemic on indigenous contractors in a developing economy

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nathaniel Ayinde Olatunde ◽  
Imoleayo Abraham Awodele ◽  
Bosede Olajumoke Adebayo
Keyword(s):  
Developing Economies ◽  
Sampling Technique ◽  
Structured Interview ◽  
Additional Cost ◽  
Developing Economy ◽  
Content Type ◽  
Construction Contracts ◽  
The Government ◽  
And Performance ◽  
The Impact

Purpose The purpose of this study is to examine the impact of coronavirus disease 2019 (COVID-19) on indigenous contractors in a developing economy with a view to enhancing their performance. Design/methodology/approach The study used a purposive sampling technique to select 37 indigenous contractors with ongoing construction contracts in Osun State, Nigeria who provided data for the study. A structured interview protocol was used to elicit the required information from the interviewees and frequency, percentage and content analysis were used for data analysis. Findings The results showed that the critical impact of COVID-19 on indigenous contractors in a developing economy is: time overrun, loss of profit and creation of dispute. Further results showed that other impacts are a disruption in supply of labour, locally sourced materials are with additional cost, the additional cost of implementing COVID-19 protocols, difficulty in sourcing imported materials and absence of new jobs with the corresponding retrenchment of workers. Practical implications The study recommended special palliatives for the indigenous contractors from the government so as to cushion the impact of the pandemic on them, thereby enhance their survival and performance. A special arbitration panel is set up in each state of the federation to look at disputes arising from the aftermath of the pandemic, this is with a view to adequately compensate indigenous contractors with genuine and properly compiled claims. inferring from the findings of the study, it suffices to say that the severity of the impact of the pandemic is very high on indigenous contractors in developing economies, as such a better preparedness strategy could lessen the impact of such pandemic in the future. Originality/value The study is an attempt to unearth the impact of COVID-19 on indigenous contractors with ongoing construction contracts in a developing economy. The study will be of value to construction stakeholders in providing the information needed to devise strategies to minimise the impact of a pandemic on indigenous contractors in future projects thereby enhance their performance.

FINANCING COSTS IN THE EVENT OF DEVIATIONS IN WORK PERFORMANCE UNDER CONTRACT STANDARDS

2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Markus Gmoser ◽  
Lukas Steinschaden ◽  
Detlef Heck
Keyword(s):  
Interest Rate ◽  
Work Performance ◽  
Unit Price ◽  
Flat Rate ◽  
Construction Contracts ◽  
Performance Variation ◽  
Construction Claims ◽  
Financing Costs ◽  
National Norms ◽  
The Impact

When carrying out construction contracts both, the employer and the contractor, regularly have to deal with “financing costs”. The financing costs cannot be set as a flat rate, since these can vary from one building contract to another. The pre-financing period can be determined from the conditions of the construction contract. These conditions together with the entrepreneur’s financing interest rate forms the basis for calculating the financing costs of the offer. Deviations to the construction contract can result in construction claims and often lead to extended pre-financing periods, which lead to additional financing costs. With the help of a survey the authors investigate how often the calculated pre-financing period deviates from pre-financing periods with claims. This study has the objective of drawing attention to the issue of additional financing costs due to claims. With the help of a survey the authors investigate, how often the calculated pre-financing period of the offer deviates from the pre-financing period of a service deviation performance variation / a claim. The aim of the questionnaire is to point out the topic of additional financing costs in the event case of performance deviations in the performance of services. The study investigates solely projects under national norms respectively Austrian construction contract standards which favour unit price contract. This paper explains and illustrates the impact of additional financing costs resulting from deviations from the scope of works.

Bonding Procedures for North American and International Construction Contracts

1999 ◽  
Vol 11 (2) ◽  
pp. 28-34
Author(s):  
Janaka Y. Ruwanpura ◽  
Samuel T. Ariaratnam ◽  
Barry K. Peters
Keyword(s):  
North American ◽  
Construction Contracts ◽  
International Construction

On the Assessment Tools of Green Building Materials

2012 ◽  
Vol 193-194 ◽  
pp. 341-344
Author(s):  
Xin Ming Yan ◽  
Da Lu Tan ◽  
Hong Jia
Keyword(s):  
Construction Industry ◽  
Building Materials ◽  
Green Building ◽  
Assessment Tools ◽  
International Construction ◽  
Advantages And Disadvantages ◽  
Green Building Materials ◽  
Key Factor ◽  
The Impact ◽  
Resource And Environment

The impact of the construction industry on the consumption of natural resource and environment cannot be ignored. There is no doubt that green building will be a trend in the international construction industry. It is crucial to choose the appropriate green building materials, because it acts as key factor to the development of green building. With the brief introduction of two mainstream assessment tools of green building materials in the world and two main evaluation tools that are used in China as well as their advantages and disadvantages, this article is expected to serve as the reference for development of green building materials and the assessment tools in China.

International construction contracts in Tanzania

1990 ◽  
Vol 8 (2) ◽  
pp. 90-94 ◽  
Author(s):  
Nigel R Mansfield ◽  
Salum-Mkulumanya I Sasillo
Keyword(s):  
Construction Contracts ◽  
International Construction
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