| EPSRC Reference: |
GR/S19950/01 |
| Title: |
Re-Engineering Construction Contracts' Payment Systems |
| Principal Investigator: |
Kaka, Professor AP |
| Other Investigators: |
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| Researcher Co-Investigators: |
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| Project Partners: |
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| Department: |
Building Engineering & Surveying |
| Organisation: |
Heriot-Watt University |
| Scheme: |
Standard Research (Pre-FEC) |
| Starts: |
17 November 2003 |
Ends: |
16 March 2007 |
Value (£): |
152,112
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| EPSRC Research Topic Classifications: |
| Construction Ops & Management |
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| EPSRC Industrial Sector Classifications: |
| Construction |
Financial Services |
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| Panel History: |
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Summary on Grant Application Form |
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The construction industry has been the subject of radical reform over the last five years. These reforms prompted by client dissatisfaction and government fostered action has started to change the nature of relationships in the industry. Having noted this progress one major and fundamental element of the way relationships are shaped and maintained - the way in which payment systems operate - has not been the subject of any research. This project proposes the development of a decision aid tool that will help project teams to select appropriate payment systems for a given the project requirements and characteristics. A supply chain payment simulator which can create alternative cash flow models under different payment system conditions (both existing and novel) will be developed and tested. This simulator will then be used on case studies in order to assess the impact of alternative payment systems on project requirements and stakeholders satisfaction.
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Key Findings |
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This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk
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Potential use in non-academic contexts |
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This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk
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Impacts |
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| Description |
This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk |
| Summary |
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| Date Materialised |
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Sectors submitted by the Researcher |
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This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk
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| Project URL: |
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| Further Information: |
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| Organisation Website: |
http://www.hw.ac.uk |