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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/6465

Title: Financial distress related causes of project delays in the Ghanaian construction industry
Authors: Asante, Joyceline Annoa
Issue Date: 1-Sep-2014
Abstract: Construction firms are vital in the provision of infrastructure. Construction activities are capital intensive hence it is required of construction firms to be financially resourced. Many construction firms abandon their projects as a result of the phenomenon of financial distress consequently delay project delivery; a phenomenon that has eluded the radar of construction research. It is in this light that this research is necessary to identify financial distress causes in construction firms with their attendant effect on project delay. The research adopted quantitative methodology by utilizing survey questionnaires to collect data. The key findings of the research include payment issues; project financing issues; cash flow issues; economic issues; political influence and cost control issues. Key recommendations advanced for improving the performance of construction firms as a result of this research consist of clients ensuring sound financial and management practices to meet the financial obligations of construction firms in order not to put them in a financially distressed position; construction firms should be offered tax incentives especially those deemed financially distressed whiles executing projects that are strategic to the economy; construction firms should make claims that are devoid of contentious issues so that their payments will not delay to avoid inflation eroding their financial gains.
Description: A thesis Submitted to the Department of Building Technology, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the award of Master of Science degree in Construction Management, 2014
URI: http://hdl.handle.net/123456789/6465
Appears in Collections:College of Architecture and Planning

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