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Adzivor, E K, Emuze, F and Das, D K (2023) Indicators for safety culture in SME construction firms: a Delphi study in Ghana. Journal of Financial Management of Property and Construction, 28(03), 293-316.
Badenfelt, U (2010) I trust you, I trust you not: a longitudinal study of control mechanisms in incentive contracts. Construction Management and Economics, 28(03), 10.
Bradley, P E (2010) An ultrametric interpretation of building related event data. Construction Management and Economics, 28(03), 26.
Chao, L-C (2010) Estimating project overheads rate in bidding: DSS approach using neural networks. Construction Management and Economics, 28(03), 99.
Chen, H, Jin, Z, Su, Q and Yue, G (2021) The roles of captains in megaproject innovation ecosystems: the case of the Hong Kong‐Zhuhai‐Macau Bridge. Engineering, Construction and Architectural Management, 28(03), 662-80.
Costa, M and Lisboa, I (2023) Default prediction of small and medium enterprises: Portuguese construction sector. Journal of Financial Management of Property and Construction, 28(03), 439-58.
Fan, R Y C, Ng, S T and Wong, J M W (2010) Reliability of the Box–Jenkins model for forecasting construction demand covering times of economic austerity. Construction Management and Economics, 28(03), 54.
Fernando, S, Panuwatwanich, K and Thorpe, D (2021) Introducing an innovation promotion model for construction projects. Engineering, Construction and Architectural Management, 28(03), 728-46.
Gorod, A, Hallo, L, Statsenko, L, Nguyen, T and Chileshe, N (2021) Integrating hierarchical and network centric management approaches in construction megaprojects using a holonic methodology. Engineering, Construction and Architectural Management, 28(03), 627-61.
Hu, X, Nor, E and Hooy, C W (2023) Do political connections cause over-indebtedness? Empirical evidence from China’s listed construction firms. Journal of Financial Management of Property and Construction, 28(03), 477-97.
Jewell, C, Flanagan, R and Anaç, C (2010) Understanding UK construction professional services exports: definitions and characteristics. Construction Management and Economics, 28(03), 9.
Jiang, W, Ding, L and Zhou, C (2021) Cyber physical system for safety management in smart construction site. Engineering, Construction and Architectural Management, 28(03), 788-808.
Jones, S M, Ross, A and Sertyesilisik, B (2010) Testing the unfolding model of voluntary turnover on construction professionals. Construction Management and Economics, 28(03), 85.
Lawal, H S, Ahmadu, H A, Abdullahi, M, Yamusa, M A and Abdulrazaq, M (2023) Modeling duration of building renovation projects. Journal of Financial Management of Property and Construction, 28(03), 423-38.
Liu, H, Yu, Y, Sun, Y and Yan, X (2021) A system dynamic approach for simulation of a knowledge transfer model of heterogeneous senders in mega project innovation. Engineering, Construction and Architectural Management, 28(03), 681-705.
Liu, Y, Amini-Abyaneh, A, Hertogh, M, Houwing, E J and Bakker, H (2021) Collaborate to learn and learn to collaborate: a case of exploitative learning in the inter-organizational project. Engineering, Construction and Architectural Management, 28(03), 809-30.
Lowe, R (2000) Defining and meeting the carbon constraints of the 21st century. Building Research & Information, 28(03), 159–75.
Machado, M V, Roche, P M L, Mustieles, F and Oteiza, I d (2000) The fourth house: the design of a bio climatic house in Venezuela. Building Research & Information, 28(03), 196–211.
MacIntyre, S, McCord, M, Davis, P T, Zacharopoulos, A and McCord, J A (2023) A spatial examination of solar PV adopters in Northern Ireland: the role of housing market and socio-economic characteristics. Journal of Financial Management of Property and Construction, 28(03), 317-50.
Okanlawon, T T, Oyewobi, L O and Jimoh, R A (2023) Evaluation of the drivers to the implementation of blockchain technology in the construction supply chain management in Nigeria. Journal of Financial Management of Property and Construction, 28(03), 459-76.
Pellegrini-Masini, G, Bowles, G, Peacock, A D, Ahadzi, M and Banfill, P F G (2010) Whole life costing of domestic energy demand reduction technologies: householder perspectives. Construction Management and Economics, 28(03), 29.
Saka, N and Arowoiya, V (2023) An assessment of the linkages between the construction and other sectors of the Nigerian economy. Journal of Financial Management of Property and Construction, 28(03), 351-73.
Sang, L, Yu, M, Lin, H, Zhang, Z and Jin, R (2021) Big data, technology capability and construction project quality: a cross-level investigation. Engineering, Construction and Architectural Management, 28(03), 706-27.
Smyth, H (2010) Construction industry performance improvement programmes: the UK case of demonstration projects in the ‘Continuous Improvement’ programme. Construction Management and Economics, 28(03), 70.
Stewardson, A, Edwards, D J, Asamoah, E, Aigbavboa, C O, Lai, J H K and El-Gohary, H (2023) The late payment epidemic in UK construction. Journal of Financial Management of Property and Construction, 28(03), 374-97.
- Type: Journal Article
- Keywords: construction industry; economy; government-initiatives; late payment; main contractors; sub-contractors
- ISBN/ISSN:
- URL: https://doi.org/10.1108/JFMPC-03-2022-0016
- Abstract:
Purpose: The UK government has elaborated the effect of late payment on the economy, with its impact on the construction sector being particularly pronounced. This paper aims to evaluate the late payment epidemic that persists within the construction industry, specifically analysing the effectiveness of government-led voluntary payment initiatives. Design/methodology/approach: A mixed philosophical lens is adopted that incorporates both pragmatism and post-positivism to examine the late payment phenomena. Couched within deductive reasoning and a case study strategy, a questionnaire survey was conducted to elicit responses from one-hundred construction professionals. Elucidating upon respondents’ perceptions of the UK’s late payment epidemic, a comparative analysis was undertaken of upstream (main contractor) and downstream (subcontractors/suppliers) contractors through Cronbach’s alpha, descriptive statistics, independence chi-square test, Kruskal–Wallis test and Mann–Whitney U test. Findings: Emergent findings reveal that in practice, the monitoring and enforcement of government-led voluntary payment initiatives has been unprosperous with numerous contractors being forced to adopt indefensibly poor and punitive payment practices. Survey responses and extant literature substantiate and underscore the industry’s need to strengthen voluntary government-led payment initiatives. To create a responsible payment culture, any future code created should be mandatory and enforceable as a self-regulating approach has failed dismally. The work concludes with practical additional measures that could be introduced to create a responsible payment culture and promote ethical trading within the UK construction industry. Originality/value: This paper constitutes a novel vignette of, and reflection upon, contemporary practice in this area of construction finance and serves to emphasise that very little has changes in the sector despite numerous UK government led reports and interventions. © 2023, Emerald Publishing Limited.
Thilakarathne, N, Rathnasinghe, A P, Kulatunga, U, Thurairajah, N and Weerasinghe, L (2023) An investigation of the conflict management strategies in international construction joint ventures of Sri Lanka. Journal of Financial Management of Property and Construction, 28(03), 273-92.
Thormark, C (2000) Including recycling potential in energy use into the life cycle of buildings. Building Research & Information, 28(03), 176–83.
Treloar, G J, Fay, R, Love, P E D and Iyer-Raniga, U (2000) Analysing the life-cycle energy of an Australian residential building and its householders. Building Research & Information, 28(03), 184–95.
Zeng, R, Chini, A and Ries, R (2021) Innovative design for sustainability: Integrating embodied impacts and costs during the early design phase. Engineering, Construction and Architectural Management, 28(03), 747-64.
Zhang, J, Li, H, Li, V, Xia, B and Skitmore, M (2021) Internal relationships of market-oriented EFQM enablers in the Chinese construction industry. Engineering, Construction and Architectural Management, 28(03), 765-87.