• Home Page
  • Effects Of Payment Woes In The Construction Industry

Effects Of Payment Woes In The Construction Industry

Improved Essays
Show More
Payment woes is refer to the payment problems that often be an issue in construction industry which mainly involves contractors. Frequently, payment woes is a common cause of arguments in the construction industry all over the world. This issue on payment woes is raising problems in construction industry and getting worst. It has reached to the point where may affect construction industry’s reputation. This payment woes issue is related with ethics practices as whether the contractors problem in paying to the suppliers or commonly clients fail to pay contractors due to financial problem. Malaysian contractors have to face this problem as it involves money and gives effect to the image of construction industry. Previous research from Che Munaaim …show more content…
Malaysia is not exceptional in this issue due to the slow-down of economy growth. Contractors in the industry live in desperation to survive thus they do not think much to do corruption in the industry. Works Minister Datuk Seri Fadillah Yusof said that, the construction industry grew at the rate of 14.3 per cent until the middle of this year with projects worth RM69 billion carried out until September (The Borneo Post, 2014). Construction industry’s rate has increased rapidly each year and this shows the statistics on economy growth in Malaysia. He said, they have signed a memorandum of cooperation (MoC) on governance, integrity and prevention of corruption with construction industry players. Primarily, the memorandum is due to encounter corruption issue in the industry. The memorandum associated with Master Builders Association Malaysia, Real Estate and Housing Developers’ Association Malaysia, the Association of Consulting Engineers Malaysia, the Malaysian Institute of Architects, the Institution of Engineers Malaysia, the Royal Institution of Surveyors Malaysia, the Malay Contractors Association of Malaysia, and the Malaysian Indian Contractors …show more content…
Corruption is included under ethical issues because it gives negative effects in construction industry and needs major concern about this issue. Thus, approaches should be enforced in implementation to combat this issue especially among contractors that deal with clients. According to Malaysia Anti-Corruption Commission (MACC) statistics in year 2008 to 2011,there are 1793 numbers of complaints on receiving fraud and corruption in construction (Nordin, Takim & Nawawi, 2013). A large numbers of complaints have been received between 2008 to 2011, how about on this year? What will happen if there is no actions taken by the government? Hence, Malaysian government should enacts act on corruption not only in construction industry but in all

Related Documents

  • Improved Essays

    Analysis Of The Petrobras Scandal
    • 336 Words
    • 2 Pages

    Analysis Of The Petrobras Scandal

    Latin America has long been fighting an uphill battle against corruption. From colonization, to authoritarian systems, and then further to democratization, corruption has plagued and dominated Latin American societies. One may assume that corruption is mainly found within the political systems of Latin America, but rather, corruption besets the personal lives of its citizens as well. One instance of many corrupt scandals is the Petrobras Scandal. The scandal now involving Brazil’s president involves thirty four sitting politicians who are suspected of participating in a multi-billion-dollar bribery scandal within the energy company Petrobras (Economist).…

    • 336 Words
    • 2 Pages
    Improved Essays
    Read More
  • Decent Essays

    Pros And Cons Of Arbitration
    • 388 Words
    • 2 Pages

    Pros And Cons Of Arbitration

    Many in the industry will agree when we say that the contracts in the construction industry have become more and more complex. Many owners will attempt to put extensive contracts in place that leave all responsibility on the contractor for the job. In response, contractors provide pages and pages of classifications, clarifications, exceptcions and alterations to terms laid out in the original contract. Over the last two decades, it has become difficult for owners and contractors. They must rely more than ever on legal maneuvering in order to minimize risks that come with the situation.…

    • 388 Words
    • 2 Pages
    Decent Essays
    Read More
  • Improved Essays

    Hoi Polloi: The Role Of Corruption In The United States
    • 784 Words
    • 4 Pages

    Hoi Polloi: The Role Of Corruption In The United States

    Fair and effective governance are crucial components to preventing civil strife within any modern society. Unfortunately, in most instances where gross negligence and misappropriation of government resources occurs, the sovereign state will typically lose its ability to effectively conduct policy at nearly every level of infrastructure. In the end, the Hoi Polloi are often the ones who bear the largest brunt of the instability generated by those who mismanaged a nation’s available resources. The research presented in this chapter will portray corruption as the solvent that ultimately dissolves the bond of a functioning society; eventually, continual graft will lead to lawlessness, which in the end, leads to unlawful yet, lucrative moneymaking ventures, such as wildlife trafficking.…

    • 784 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Overview Of The Blue Ash Business Association
    • 1843 Words
    • 8 Pages

    Overview Of The Blue Ash Business Association

    This paper will present an ethnographic research of the Blue Ash Business Association. The main object that this research will focus on is how business associations contribute to the community? The ethnography research will be observing and understanding the meeting of the Business Association and conducting interviews with some members in the association. This research also will identify some lexis and language that members use during their meetings. The point of this observation is to answer the research question of how do Business associations manage and contribute to the community.…

    • 1843 Words
    • 8 Pages
    Improved Essays
    Read More
  • Improved Essays

    Canada's Corruption Analysis
    • 151 Words
    • 1 Pages

    Canada's Corruption Analysis

    Samantha, Great analysis on Canada’s Corruption. Although Canada falls at the top 10 least corrupt countries in the world on the Corruption Perceptions Index it is still faced with corruption within its government. This seems to be the main underlying issue somewhere within all the countries. In order an outside business to be successful in Canada it must enforce and develop effective compliance programs with focus on specific areas relevant for the OECD. Since Canada is maturing and is looking to expand its growth oversees how can it avoid being further vulnerable to corruption while trying to meet foreign demands?…

    • 151 Words
    • 1 Pages
    Improved Essays
    Read More
  • Improved Essays

    Political Gridlock In The United States
    • 861 Words
    • 4 Pages

    Political Gridlock In The United States

    Government corruption can be defined as the sale of government property for personal gain (Shleifer and Vishny 1993). An example of this would be a government official collects bribes or money in return for providing permits or licenses to individuals or businesses (Shleifer and Vishny 1993). While government corruption is widely recognized as a criminal activity, I theorize that in this case there may be benefits to government corruption. For example, if a government is in political gridlock and no progress is being made in regards to government response; government corruption then may have a positive impact on the getting resources where they need to go. At the same time, it has been proven that corruption has negative effects to the economy so while corruption may help in the short-run, it may also cause long term economic issues.…

    • 861 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Government Corruption: Democracy In The United States
    • 996 Words
    • 4 Pages

    Government Corruption: Democracy In The United States

    Government corruption can be defined as political power used by government leaders for private gain and to maintain their power as a government official. Most of the times these corrupt politicians say they are doing their best in order to catch criminals when, in reality, they commit just as many crimes. They are able to maintain their power because most people do not vote because they think they will not make a difference and the politicians have under the table deals so people vote for them. In order to stop this corruption voters must know that they can make a difference by participating in their democracy and not making private deals with corrupt officials. Democracy started in Latin America in 1959.…

    • 996 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Police Corruption And Qualities Of Becoming A Police Officer
    • 1017 Words
    • 5 Pages

    Police Corruption And Qualities Of Becoming A Police Officer

    Bribery among the government employees is the most talked about form of corruption as it affects a very large number of citizens. The money is divided among the individuals who partake in this senseless matter in a pre-determined ratio. Most of them do not feel guilty in making use of the illegal…

    • 1017 Words
    • 5 Pages
    Improved Essays
    Read More
  • Improved Essays

    Summary Of Andres Construction Services
    • 1022 Words
    • 4 Pages

    Summary Of Andres Construction Services

    During our class lecture that took place on April 6, 2016, we had the opportunity of learning from a guest speaker, Cody Whittle, who is a construction project manager for Andres Construction Services located in Dallas, Texas. Andres Construction Services is a Texas based general contractor and has office locations in Dallas, Austin, and Houston. As stated above, Cody came from the Dallas office to speak to our class about the importance of construction scheduling, and how he has been able to successfully schedule projects during his time in the construction industry. Mr. Whittle began by giving the class an overview of Andres Construction Services, and explained to us that Andres primarily specializes in multi-family buildings (condos and…

    • 1022 Words
    • 4 Pages
    Improved Essays
    Read More
  • Great Essays

    Construction Career Research Paper
    • 1745 Words
    • 7 Pages

    Construction Career Research Paper

    Ever since I was small I would go “work” with my dad and uncle in the house they were building. My dad and my uncle would teach me the proper way to nail and how to measure the studs so when they cut them they would fit exactly where they have to go. Since I was small I would obviously do something wrong, but at the same time I was learning something. Seeing what things could me made with wood really grabbed my attention, and since then, I have kept my eyes on this job.…

    • 1745 Words
    • 7 Pages
    Great Essays
    Read More
  • Improved Essays

    Ethical Issues
    • 732 Words
    • 3 Pages

    Ethical Issues

    Ethical issues faced by managers in dealing with international business There are many ethical issues that managers often face with dealing with international business, especially when they have to move to different countries. Not only do managers have to learn different languages and cultures, but they also have to learn how to deal with many ethical issues in other countries. Managers face ethical issues such as corruption, pollution, and employment issues when dealing with international business. It is a manager’s responsibility to learn how to deal with these issues in an ethical way. It is also their job to learn how to understand the ways of other cultures and what their political systems are like.…

    • 732 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    External Ethical Issues
    • 940 Words
    • 4 Pages

    External Ethical Issues

    Ethics can be described as an acceptable code of conduct or behaviour someone exhibits or is expected to display in a society. That behaviour is dictated by various scenarios or situations that are different in nature. For example in a company there are various ethical issues that dictate how the company runs. These ethical issues can be internal or external in nature. Internal ethical issues mainly involve the shareholders of a company, employees and the management.…

    • 940 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Project Management Personal Statement
    • 701 Words
    • 3 Pages

    Project Management Personal Statement

    My career aspirations and enthusiasm toward Construction and Project Management have been highly influenced by my undergraduate study majoring in Civil Engineering. The undergraduate curriculum in Civil Engineering at NIT-Surat introduced me to a wide spectrum of subjects. But it was the field of Construction planning & Project Management which captured my interest and since then, I have started taking interest in this field. Later on I came to realize that to become an efficient & capable project manager in the Construction Industry, I should undertake training in individual areas construction world lacking in their academic background and maintain a equilibrium between all the necessary knowledge and technical skills which led me to pursue Masters in Civil Engineering in the area of Construction and Project Management at the University of British Columbia, Vancouver which is the center of excellence to study Construction and Project Management in the globe. During my study of Bachelor of Technology in Civil Engineering at the Sardar Patel National Institute of Technology, an Institute of National Importance declared by the Government of India in the field of Engineering and Technology, I understood that the roots of twentieth century project management are generally accepted as lying in…

    • 701 Words
    • 3 Pages
    Improved Essays
    Read More
  • Great Essays

    High Rese Building In Singapore Case Study
    • 955 Words
    • 4 Pages

    High Rese Building In Singapore Case Study

    CONTENTS 1. INTRODUCTION 2. TECHNICAL, SOCIAL, POLITICAL EFFECT ON PROJECT PERFORMANCE IN SINGAPORE CONTEXT 3. ANALYSIS AND RESULTS 4. CONCLUSION 5.…

    • 955 Words
    • 4 Pages
    Great Essays
    Read More
  • Improved Essays

    Riyadh City Transportation Project
    • 917 Words
    • 4 Pages

    Riyadh City Transportation Project

    On the deadline day, Feb 20, 2013, for receiving the technical and financial bids for implementing the project, three consortiums have offered their tenders (the High Commission fro the Development of Riyadh, 2014). Each consortium has submitted its tender in two separated envelopes. The first was for technical documents and the other was for financial documents. All bids have been reviewed and evaluated in terms of meeting the conditions and the specifications(the High Commission fro the Development of Riyadh, 2014). This paper will investigate more on the first consortium that consists of five big companies listed…

    • 917 Words
    • 4 Pages
    Improved Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings