Abstracts – Browse Results
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Barton, R T (2000) Soft value management methodology for use in project initiation: a learning journey. Journal of Construction Research, 1(02), 109–22.
Fong, P S-W (2000) Facilitated team learning in value management teams. Journal of Construction Research, 1(02), 99–107.
Holt, G D and Faniran, O (2000) Construction management research: a blend of rationalist and interpretative paradigms. Journal of Construction Research, 1(02), 177–82.
Kwon, A H C, Then, D and Skitmore, M R (2000) Risk management in Singapore construction joint ventures. Journal of Construction Research, 1(02), 139–49.
Masurier, J L, Blockley, D and Wood, D M (2000) Management of value and uncertainty in construction projects. Journal of Construction Research, 1(02), 123–9.
Mootanah, D P (2000) Theory meets practice: proposal for a dynamic value and risk methodology for project management. Journal of Construction Research, 1(02), 131–8.
Nicholas, J, Holt, G D and Mihsein, M (2000) Predicting materials suppliers' bad debt. Journal of Construction Research, 1(02), 159–67.
- Type: Journal Article
- Keywords: contractors; credit; debt; materials suppliers; risk
- ISBN/ISSN: 1609-9451
- URL:
- Abstract:
Present methods for evaluating contractor's creditworthiness have been found to be ad-hoc and bespoke. As such, materials suppliers place themselves in a position of considerable risk when they furnish contractors with credit. Very often, the result of this is bad debt for the supplier. By considering a UK nation-wide survey of suppliers' credit control and debt collection practices, this paper presents two multivariate discriminant analysis models. The first, models suppliers' percentage bad debt incurred in financial year 1997-8. The second model complements the first, by investigating the relationship between suppliers' targeted profit margins (minus bad debt incurred), for the same time period. The first model identifies that percentage of bad debt incurred is related to: whether suppliers implement a standard procedure for collecting overdue accounts; and their philosophy for checking contractor's creditworthiness. The second model identifies that suppliers' targeted profit percentage (minus bad debt incurred) is related to: their standard terms of payment imposed onto debtors; whether they insure against bad debt; whether guarantees are sought for substantial orders; their financial growth trend; and method(s) used to establish contractor credit limits. The paper shows that failure by suppliers to realize the risk they expose themselves to when granting credit, is directly linked to the level of bad debt they incur.
Seni, D A (2000) From scientific management to process engineering: the spontaneous theory of technological value in the design of work in organizations. Journal of Construction Research, 1(02), 91–8.
Tan, W and Elias, Y (2000) Learning-by-doing in Singapore construction. Journal of Construction Research, 1(02), 151–8.
Wong, F K W, Chan, S C M, Tse, R Y C and Love, P E D (2000) Improving safety knowledge through training: the case of Hong Kong. Journal of Construction Research, 1(02), 169–75.
Woodhead, R (2000) From individual perspectives to a global VM potential. Journal of Construction Research, 1(02), 87–90.