Financial distress related causes of project delays in the Ghanaian construction industry
| dc.contributor.author | Asante, Joyceline Annoa | |
| dc.date.accessioned | 2014-09-01T15:51:46Z | |
| dc.date.accessioned | 2023-04-20T10:22:26Z | |
| dc.date.available | 2014-09-01T15:51:46Z | |
| dc.date.available | 2023-04-20T10:22:26Z | |
| dc.date.issued | 2014 | |
| dc.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 | en_US |
| dc.description.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. | en_US |
| dc.description.sponsorship | KNUST | en_US |
| dc.identifier.uri | https://ir.knust.edu.gh/handle/123456789/6465 | |
| dc.language.iso | en | en_US |
| dc.title | Financial distress related causes of project delays in the Ghanaian construction industry | en_US |
| dc.type | Thesis | en_US |
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