Factor's Influencing Contractors Risk Attitude in the Malaysian Construction Industry

The Malaysian construction industry often acts as a vehicle that motivates' the development of the nation's economy. The industry is commonly referred to as a catalyst for development. However, poor performance in terms of productivity and quality systems has been the main issues of discus...

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Main Authors:	Taofeeq, D. M., Adeleke, A. Q.
Format:	Article
Language:	English
Published:	JCBM, University of Cape Town 2019
Subjects:	HD Industries. Land use. Labor
Online Access:	http://umpir.ump.edu.my/id/eprint/26243/ http://umpir.ump.edu.my/id/eprint/26243/ http://umpir.ump.edu.my/id/eprint/26243/ http://umpir.ump.edu.my/id/eprint/26243/1/Factor%27s%20Influencing%20Contractors%20Risk%20Attitude%20in%20the%20Malaysian%20Construction%20Industry.pdf

id	ump-26243
recordtype	eprints
spelling	ump-262432019-10-29T01:43:33Z http://umpir.ump.edu.my/id/eprint/26243/ Factor's Influencing Contractors Risk Attitude in the Malaysian Construction Industry Taofeeq, D. M. Adeleke, A. Q. HD Industries. Land use. Labor The Malaysian construction industry often acts as a vehicle that motivates' the development of the nation's economy. The industry is commonly referred to as a catalyst for development. However, poor performance in terms of productivity and quality systems has been the main issues of discussion from most of the government reports. In order to improve performance in the Malaysian construction industry, the introduction of the Occupational Safety and Health Act (OSHA) in 1994 has made all industries in Malaysia to identify hazards, conduct risk assessment and control those risk and at the same time implement an integrated system to ensure consistency and better performance of projects in Malaysian industries. Therefore, in this paper, the ranking of specific factors affecting contractors' risk attitudes in the Malaysian construction industry was assessed. A review of relevant literature was undertaken to identify the factors influencing contractors' risk attitudes. The study found that the four leading specific factors influencing contractors risk attitude in the Malaysian construction industry are; Project Related Factors, Working capital, Human-Related Factors, and External Environment. The study confirms the individual factors that affect the contractor's risk attitudes. Knowledge of these factors will facilitate contractors' decision-making process and serve as a useful reference for further studies in the field of construction project management. JCBM, University of Cape Town 2019 Article PeerReviewed pdf en cc_by_nc_sa_4 http://umpir.ump.edu.my/id/eprint/26243/1/Factor%27s%20Influencing%20Contractors%20Risk%20Attitude%20in%20the%20Malaysian%20Construction%20Industry.pdf Taofeeq, D. M. and Adeleke, A. Q. (2019) Factor's Influencing Contractors Risk Attitude in the Malaysian Construction Industry. Journal of Construction Business and Management, 3 (2). pp. 59-67. ISSN 2521-0165 https://doi.org/10.15641/jcbm.3.2.668 https://doi.org/10.15641/jcbm.3.2.668
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	HD Industries. Land use. Labor
spellingShingle	HD Industries. Land use. Labor Taofeeq, D. M. Adeleke, A. Q. Factor's Influencing Contractors Risk Attitude in the Malaysian Construction Industry
description	The Malaysian construction industry often acts as a vehicle that motivates' the development of the nation's economy. The industry is commonly referred to as a catalyst for development. However, poor performance in terms of productivity and quality systems has been the main issues of discussion from most of the government reports. In order to improve performance in the Malaysian construction industry, the introduction of the Occupational Safety and Health Act (OSHA) in 1994 has made all industries in Malaysia to identify hazards, conduct risk assessment and control those risk and at the same time implement an integrated system to ensure consistency and better performance of projects in Malaysian industries. Therefore, in this paper, the ranking of specific factors affecting contractors' risk attitudes in the Malaysian construction industry was assessed. A review of relevant literature was undertaken to identify the factors influencing contractors' risk attitudes. The study found that the four leading specific factors influencing contractors risk attitude in the Malaysian construction industry are; Project Related Factors, Working capital, Human-Related Factors, and External Environment. The study confirms the individual factors that affect the contractor's risk attitudes. Knowledge of these factors will facilitate contractors' decision-making process and serve as a useful reference for further studies in the field of construction project management.
format	Article
author	Taofeeq, D. M. Adeleke, A. Q.
author_facet	Taofeeq, D. M. Adeleke, A. Q.
author_sort	Taofeeq, D. M.
title	Factor's Influencing Contractors Risk Attitude in the Malaysian Construction Industry
title_short	Factor's Influencing Contractors Risk Attitude in the Malaysian Construction Industry
title_full	Factor's Influencing Contractors Risk Attitude in the Malaysian Construction Industry
title_fullStr	Factor's Influencing Contractors Risk Attitude in the Malaysian Construction Industry
title_full_unstemmed	Factor's Influencing Contractors Risk Attitude in the Malaysian Construction Industry
title_sort	factor's influencing contractors risk attitude in the malaysian construction industry
publisher	JCBM, University of Cape Town
publishDate	2019
url	http://umpir.ump.edu.my/id/eprint/26243/ http://umpir.ump.edu.my/id/eprint/26243/ http://umpir.ump.edu.my/id/eprint/26243/ http://umpir.ump.edu.my/id/eprint/26243/1/Factor%27s%20Influencing%20Contractors%20Risk%20Attitude%20in%20the%20Malaysian%20Construction%20Industry.pdf
first_indexed	2023-09-18T22:40:45Z
last_indexed	2023-09-18T22:40:45Z
_version_	1777416898364833792

Factor's Influencing Contractors Risk Attitude in the Malaysian Construction Industry

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