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Abstract

Construction companies in developing counties are vulnerable to different risks and challenges that negatively affect their performance, causing them to hit insolvency. The failure of construction companies is essential because it results in incomplete projects and obligations that result in many losses to governments, employers, investors, creditors, owners, creditors, and surety companies. This research will identify and define the factors that cause insolvency in construction companies, analyse and rank the main and sub-factors using Friedman’s and Kendall’s tests, and investigate the predicting models developed to mitigate insolvency occurrence. A questionnaire was utilised as the dissertation methodology with a sample size of 46 participants that aims to collect data regarding insolvency knowledge, factors ranking, neglected factors, and predicting model utilisation in developing countries. Research results indicated that financial, illegal activities, organisational structure, communication, and lack of early warning are the top five factors causing insolvency. Another important finding is the absence of insolvency knowledge and predicting models that include holistic incorporation of the identified factors. The study recommends that governments and construction companies start working closely to clarify the risks facing them and develop a holistic model to act as a guide toward today’s complex construction operations and unlimited risks.

Course: Construction Project Management - MSc - C1659

Date Deposited: 2023-02-13

URI/permalink: https://library.port.ac.uk/dissert/dis14095.html