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An appraisal of critical risk factors in construction projects in South Africa : perspective of contractors

  • Authors: Renault, Berenger , Agumba, Justus , Ansary, Nazeem
  • Date: 2016
  • Subjects: Construction , Contractors , Risk factors
  • Language: English
  • Type: Conference proceedings
  • Identifier: http://hdl.handle.net/10210/214935 , uj:21343 , Citation: Renault, B., Agumba, J & Ansary, N. 2016. An appraisal of critical risk factors in construction projects in South Africa : perspective of contractors.
  • Description: Abstract: The significant impact of construction projects on a nation has been characterized in literature in terms of infrastructure development and job creation. These projects are nevertheless associated with various risks that need to be managed to ensure successful delivery. Hence, the identification of these risk factors is of utmost importance. Therefore, this study aimed at assessing contractors‘ perception of critical risk factors in construction projects in Gauteng (South Africa). Explorative and questionnaire survey methods were employed to obtain data from literature and construction professionals all practising in Gauteng. Results revealed that supply of faulty materials, poor communication between involved parties, financial failure of the contractor, working at dangerous areas and closure were the five critical risk factors in construction projects. It is obvious from the results that the knowledge of the identified critical risk factors furnishes invaluable information to the construction contractor concerning what risk variables to focus attention on in construction activities. The paper contributes to the identification of critical risk factors in construction projects from an objective point.
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Analysis of credit rationing among construction enterprises SMEs within financial institutions : a case of Gauteng Province in South Africa

  • Authors: Balogun, Olanrewaju Abdul , Agumba, Justus Ngala , Ansary, Nazeem
  • Date: 2017
  • Subjects: Construction , Enterprises (SMEs) , Financial Institutions
  • Language: English
  • Type: Conference proceedings
  • Identifier: http://hdl.handle.net/10210/244797 , uj:25318 , Citation: Balogun, O.A., Agumba, J.N. & Ansary, N. 2017. Analysis of credit rationing among construction enterprises SMEs within financial institutions : a case of Gauteng Province in South Africa.
  • Description: Abstract: Economic diversification is a key policy goal for the Government of South Africa. SMEs offer a feasible option towards the actualization of this goal. The expansion of construction SMEs in South Africa, however is constrained by lack of access to bank credit. This constrained access to credit is argued in the literature to be due to the credit rationing behavior of banks emanating from asymmetric information in credit markets. Constrained access to credit stifles the growth potential of this vibrant sector which is increasingly generating employment opportunities especially for young enterprises. Department of Trade and Industry (DTI, 2007). This study therefore investigated the factors that influence the credit rationing behavior of banks towards SMEs. A deductive methodological approach was used to examine this problem. The structured survey questionnaire was administered to 179 construction small and medium organizations to elicit relevant data about their credit rationing. Binary logistic regression was applied to determine the influence of demographic variables on credit rationing. The statistical package for social science version 22 was used.The study findings suggest that the experience of SMEs reduces their probability of being credit rationed by banks. From the bank perspective the experience of SMEs is determined from their ability to keep proper financial statements, the performance of their bank accounts with the banks, and their ability to make profits. This calls for capacity building of SMEs in areas of business management (including financial record keeping) if they are to be rated as credit worthy borrowers by the banks. From the SMEs perspective, there is need for banks to improve their efficiency in terms of reduction of loan processing time and cost of borrowing (i.e. interest rate). This will improve access to bank credit by the construction SMEs and promote their growth thereby stimulating economic diversification, employment creation opportunities, and poverty reduction in line with South African Vision 2020
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Sources and type of credit for construction of small and medium enterprises in the South Africa : a literature review

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