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Article: Payment problems and regulatory responses in the construction industry: Mainland China perspective

TitlePayment problems and regulatory responses in the construction industry: Mainland China perspective
Authors
KeywordsChina
Construction industry
Legal factors
Payments
Regulations
Issue Date2008
PublisherAmerican Society of Civil Engineers. The Journal's web site is located at http://scitation.aip.org/dbt/dbt.jsp?KEY=JPEPE3
Citation
Journal Of Professional Issues In Engineering Education And Practice, 2008, v. 134 n. 4, p. 399-407 How to Cite?
AbstractPayment problems have continually raised grave concerns in construction industries throughout the world. The Chinese construction industry is just recovering, with reported success, from an era of serious payment problems, manifested in high levels of arrears and prolonged payment delays. It has been seen that payment problems can arise from both contractual conflicts and willful delays. The Chinese government began to intervene in these payment issues during the late 1990s, both by legislation and direct administrative input. Given the characteristics of the Chinese construction industry and its special payment problems, the direct administration mode was seen to be effective in reducing existing payment arrears in mainland China. For dealing with future problems, the Chinese government is engaged in formulating a "long-term mechanism." This mechanism and related processes, of course, must be compatible with the industry characteristics, while their practicability should be ensured. This paper reviews the recent moves to overcome accumulated payment arrears in mainland China, and provides a brief preview of possible developments in the future. Comparisons are also made with similar problems and different approaches to their resolution in other countries, in order to initiate a basis for cross-fertilizing future improvements. © 2008 ASCE.
Persistent Identifierhttp://hdl.handle.net/10722/58531
ISSN
2015 Impact Factor: 0.538
2015 SCImago Journal Rankings: 0.600
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorWu, Jen_HK
dc.contributor.authorKumaraswamy, Men_HK
dc.contributor.authorSoo, Gen_HK
dc.date.accessioned2010-05-31T03:32:03Z-
dc.date.available2010-05-31T03:32:03Z-
dc.date.issued2008en_HK
dc.identifier.citationJournal Of Professional Issues In Engineering Education And Practice, 2008, v. 134 n. 4, p. 399-407en_HK
dc.identifier.issn1052-3928en_HK
dc.identifier.urihttp://hdl.handle.net/10722/58531-
dc.description.abstractPayment problems have continually raised grave concerns in construction industries throughout the world. The Chinese construction industry is just recovering, with reported success, from an era of serious payment problems, manifested in high levels of arrears and prolonged payment delays. It has been seen that payment problems can arise from both contractual conflicts and willful delays. The Chinese government began to intervene in these payment issues during the late 1990s, both by legislation and direct administrative input. Given the characteristics of the Chinese construction industry and its special payment problems, the direct administration mode was seen to be effective in reducing existing payment arrears in mainland China. For dealing with future problems, the Chinese government is engaged in formulating a "long-term mechanism." This mechanism and related processes, of course, must be compatible with the industry characteristics, while their practicability should be ensured. This paper reviews the recent moves to overcome accumulated payment arrears in mainland China, and provides a brief preview of possible developments in the future. Comparisons are also made with similar problems and different approaches to their resolution in other countries, in order to initiate a basis for cross-fertilizing future improvements. © 2008 ASCE.en_HK
dc.languageengen_HK
dc.publisherAmerican Society of Civil Engineers. The Journal's web site is located at http://scitation.aip.org/dbt/dbt.jsp?KEY=JPEPE3en_HK
dc.relation.ispartofJournal of Professional Issues in Engineering Education and Practiceen_HK
dc.rightsJournal of Professional Issues in Engineering Education and Practice. Copyright © American Society of Civil Engineers.-
dc.subjectChinaen_HK
dc.subjectConstruction industryen_HK
dc.subjectLegal factorsen_HK
dc.subjectPaymentsen_HK
dc.subjectRegulationsen_HK
dc.titlePayment problems and regulatory responses in the construction industry: Mainland China perspectiveen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1052-3928&volume=134&issue=4&spage=399&epage=407&date=2008&atitle=Payment+problems+and+regulatory+responses+in+the+construction+industry:+Mainland+China+perspectiveen_HK
dc.identifier.emailKumaraswamy, M:mohan@hkucc.hku.hken_HK
dc.identifier.authorityKumaraswamy, M=rp00126en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1061/(ASCE)1052-3928(2008)134:4(399)en_HK
dc.identifier.scopuseid_2-s2.0-53149150556en_HK
dc.identifier.hkuros161617en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-53149150556&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume134en_HK
dc.identifier.issue4en_HK
dc.identifier.spage399en_HK
dc.identifier.epage407en_HK
dc.identifier.isiWOS:000259258100014-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridWu, J=25123277000en_HK
dc.identifier.scopusauthoridKumaraswamy, M=35566270600en_HK
dc.identifier.scopusauthoridSoo, G=25123211600en_HK

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