Factors Affecting Contractor’s Risk Attitude from Malaysia Construction Industry Perspective

Risks always lead to the failure of the contractor to complete projects on time. This situation is caused by many factors. The contractor’s failure to plan, manipulate, perform, monitor, control and take into account all factors and risks involved may not guarantee the success of a project. In order...

Full description

Bibliographic Details
Main Authors:	Taofeeq, D. M., Adeleke, A. Q., Hassan, A. K.
Format:	Article
Language:	English
Published:	International Society for Everant Publisher 2019
Subjects:	H Social Sciences (General)
Online Access:	http://umpir.ump.edu.my/id/eprint/25076/ http://umpir.ump.edu.my/id/eprint/25076/ http://umpir.ump.edu.my/id/eprint/25076/7/Factors%20Affecting%20Contractors%20risk%20attitude%20from%20Malaysia.pdf

id	ump-25076
recordtype	eprints
spelling	ump-250762019-06-26T01:53:29Z http://umpir.ump.edu.my/id/eprint/25076/ Factors Affecting Contractor’s Risk Attitude from Malaysia Construction Industry Perspective Taofeeq, D. M. Adeleke, A. Q. Hassan, A. K. H Social Sciences (General) Risks always lead to the failure of the contractor to complete projects on time. This situation is caused by many factors. The contractor’s failure to plan, manipulate, perform, monitor, control and take into account all factors and risks involved may not guarantee the success of a project. In order to improve performance in Malaysia construction industry, the introduction of OSH Act 1994 have made all industry in Malaysia to identifying hazards, conducting a risk assessment and controlling those risk and at the same time implementing an integrated system to ensure consistency and better performance of projects in Malaysia industry. A total number of ninety-five (95) risk factors that are dampening and affecting contractor productivity in Malaysia construction industry were revealed by the ranking of the contractor risk attitude factors through SPSS. In the same vein, the risk factors were further classified into six (6) subclasses depending on their nature and likelihood of occurrence. Such as (Technical risk, Logistical risk, Management risk, Social-political risk, financial risk, and Environmental risk). In order to achieve the proper response rate for this study, in total 250 questionnaires were distributed to the construction industry in Kuantan Malaysia randomly. Of the 250 questionnaires distributed, 234 questionnaires were received with an equal percentage of 93.6%. Conversely, 7 questionnaires were found to be unusable due to missing data or provided the same responses to all the questions. Thus overall, 90.8% of the total questionnaires were usable concluding with an effective sample of 227. Statistical Package for Social Science (SPSS) version 21.0 for MS Window was used to analyse the collected data. The demographic profile of the companies and respondents were analysed with descriptive statistics. This study also focused on the G7 contractors operating in Malaysia construction industry that specialise in building, bridge and road construction project. International Society for Everant Publisher 2019-05 Article PeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/25076/7/Factors%20Affecting%20Contractors%20risk%20attitude%20from%20Malaysia.pdf Taofeeq, D. M. and Adeleke, A. Q. and Hassan, A. K. (2019) Factors Affecting Contractor’s Risk Attitude from Malaysia Construction Industry Perspective. Social Science and Humanities Journal, 3 (6). pp. 1281-1298. ISSN 2456-2653 http://sshj.in/index.php/sshj/article/view/402
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Taofeeq, D. M. Adeleke, A. Q. Hassan, A. K. Factors Affecting Contractor’s Risk Attitude from Malaysia Construction Industry Perspective
description	Risks always lead to the failure of the contractor to complete projects on time. This situation is caused by many factors. The contractor’s failure to plan, manipulate, perform, monitor, control and take into account all factors and risks involved may not guarantee the success of a project. In order to improve performance in Malaysia construction industry, the introduction of OSH Act 1994 have made all industry in Malaysia to identifying hazards, conducting a risk assessment and controlling those risk and at the same time implementing an integrated system to ensure consistency and better performance of projects in Malaysia industry. A total number of ninety-five (95) risk factors that are dampening and affecting contractor productivity in Malaysia construction industry were revealed by the ranking of the contractor risk attitude factors through SPSS. In the same vein, the risk factors were further classified into six (6) subclasses depending on their nature and likelihood of occurrence. Such as (Technical risk, Logistical risk, Management risk, Social-political risk, financial risk, and Environmental risk). In order to achieve the proper response rate for this study, in total 250 questionnaires were distributed to the construction industry in Kuantan Malaysia randomly. Of the 250 questionnaires distributed, 234 questionnaires were received with an equal percentage of 93.6%. Conversely, 7 questionnaires were found to be unusable due to missing data or provided the same responses to all the questions. Thus overall, 90.8% of the total questionnaires were usable concluding with an effective sample of 227. Statistical Package for Social Science (SPSS) version 21.0 for MS Window was used to analyse the collected data. The demographic profile of the companies and respondents were analysed with descriptive statistics. This study also focused on the G7 contractors operating in Malaysia construction industry that specialise in building, bridge and road construction project.
format	Article
author	Taofeeq, D. M. Adeleke, A. Q. Hassan, A. K.
author_facet	Taofeeq, D. M. Adeleke, A. Q. Hassan, A. K.
author_sort	Taofeeq, D. M.
title	Factors Affecting Contractor’s Risk Attitude from Malaysia Construction Industry Perspective
title_short	Factors Affecting Contractor’s Risk Attitude from Malaysia Construction Industry Perspective
title_full	Factors Affecting Contractor’s Risk Attitude from Malaysia Construction Industry Perspective
title_fullStr	Factors Affecting Contractor’s Risk Attitude from Malaysia Construction Industry Perspective
title_full_unstemmed	Factors Affecting Contractor’s Risk Attitude from Malaysia Construction Industry Perspective
title_sort	factors affecting contractor’s risk attitude from malaysia construction industry perspective
publisher	International Society for Everant Publisher
publishDate	2019
url	http://umpir.ump.edu.my/id/eprint/25076/ http://umpir.ump.edu.my/id/eprint/25076/ http://umpir.ump.edu.my/id/eprint/25076/7/Factors%20Affecting%20Contractors%20risk%20attitude%20from%20Malaysia.pdf
first_indexed	2023-09-18T22:38:19Z
last_indexed	2023-09-18T22:38:19Z
_version_	1777416745041002496

Factors Affecting Contractor’s Risk Attitude from Malaysia Construction Industry Perspective

Similar Items