Abstract
The assessment and agreement of a final account in construction projects can be a difficult and time-consuming process to negotiate. Any delay of final account settlement can have an adverse impact on the cash flow of contractual parties such as contractors. A questionnaire survey was used to collect the perspective of experienced quantity surveyors’on the key factors influencing the settlement of a final account. Ranking and factor analysis were applied to determine the most significant factors in influencing the settlement of a final account. The results revealed that ‘time’ and ‘variation’ (i.e. change orders) were the most significant factors.
Original language | English |
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Title of host publication | Proceedings of the RICS COBRA Conference (online) |
Editors | C Eriksson |
Publisher | Royal Institute of Chartered Surveyors (RICS) |
Pages | 1-7 |
Number of pages | 7 |
Publication status | Published - 2013 |
Event | Royal Institution of Chartered Surveyors, COBRA 2013 - New Delhi, New Delhi, India Duration: 10 Sept 2013 → 12 Sept 2013 |
Conference
Conference | Royal Institution of Chartered Surveyors, COBRA 2013 |
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Abbreviated title | RICS COBRA 2013 |
Country/Territory | India |
City | New Delhi |
Period | 10/09/13 → 12/09/13 |