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The effect of demographic on the issues of credit accessibity within small and medium-sized enterprises in the South African construction industry

- Balogun, Olanrewaju Abdul, Ngala, Justus, Ansary, Nazeem

  • Authors: Balogun, Olanrewaju Abdul , Ngala, Justus , Ansary, Nazeem
  • Date: 2017
  • Language: English
  • Type: Conference proceedings
  • Identifier: http://hdl.handle.net/10210/248145 , uj:25787 , Citation: Balogun, O.A., Ngala, J. & Ansary, N. 2017. The effect of demographic on the issues of credit accessibity within small and medium-sized enterprises in the South African construction industry.
  • Description: Abstract: The contribution of Small and Medium-sized Enterprise (SME) sector in economic development, job creation and income generation has been recognized worldwide. This study aims to investigate the effect of demographic issues of credit accessibility within SMEs in South African construction industry. This paper utilises a combination of primary data emanating from structured survey questionnaires supplemented by secondary source of data from an extensive literature review, in order to present insightful commentary about credit accessibility within SMEs in South Africa. The structured survey questionnaire was administered to 600 construction small and medium organizations to elicit relevant data about their credit accessibility. The equation specified access to credit as dependent variable while firm and personnel characteristics as independent variable. The results indicate that firm characteristics influence access to credit accessibility. The study recommends that South Africa SME contractors and financial institution should maintain attractive firm attributes to stimulate lenders to extend credit accessibility to their investments.
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Sources and type of credit for construction of small and medium enterprises in the South Africa : a literature review

- Balogun, Olanrewaju O., Agumba, Justus N., Ansary, Nazeem

Identifying factors of risk management for the construction industry

- Renault, Berenger Yembi, Ansary, Nazeem

  • Authors: Renault, Berenger Yembi , Ansary, Nazeem
  • Date: 2019
  • Subjects: Contraction , Factors , Model
  • Language: English
  • Type: Conference proceedings
  • Identifier: http://hdl.handle.net/10210/296644 , uj:32324 , Citation: Renault, B.Y. & Ansary, N. 2019. Identifying factors of risk management for the construction industry. Creative Construction Conference 2018, CCC 2018, 30 June - 3 July 2018, Ljubljana, Slovenia
  • Description: Abstract: Delays and cost overruns are recurrent in construction projects. Risk management (RM) has been developed to curtain risks associated with construction projects. However, there is no consensus of what factors should constitute RM for construction projects. Therefore, this paper scrutinises preceding studies on the theme of RM and establish core risk management factors (RMFs) that are indispensable to make the concept valuable in the construction industry (CI). A literature search related to RM was conducted in order to identify common RMF. It was indicated that there is still misunderstanding and disagreement over the factors that should constitute RM in construction. However, the RMFs of organisational environment, defining objectives, resource requirement, risk measurement, risk identification, risk assessment, risk response and action planning, communication, monitoring, review and continuous improvement dominate the literature. Identifying RMF that can effortlessly be understood and implemented will contribute to ameliorating the current RM status and boosting the body of knowledge.
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Determinants predicting credit accessibity within small and medium-sized enterprises in the South African Construction Industry

- Balogun, Olanrewaju Abdul, Agumba, Justus Ngala, Ansary, Nazeem

  • Authors: Balogun, Olanrewaju Abdul , Agumba, Justus Ngala , Ansary, Nazeem
  • Date: 2016
  • Subjects: Accessibility , Characteristics , Small and medium
  • Language: English
  • Type: Conference proceedings
  • Identifier: http://hdl.handle.net/10210/93905 , uj:20406 , Citation: Balogun, J.N., Agumba, J.N. & Ansary, N. 2016. Determinants predicting credit accessibity within small and medium-sized enterprises in the South African Construction Industry.
  • Description: Abstract: The contribution of Small and Medium-sized Enterprise (SME) sector in economic development, job creation and income generation has been recognized worldwide. These contributions are effectively articulated in South Africa construction industry discourse. However, the main problem limiting the SMEs sector to contribute fully in the mainstream economy is the shortage of finance. This study examines the impact of firm characteristics in access to credit by the South African SMEs in the construction industry. A deductive methodological approach was used to examine this problem. This paper utilises a combination of primary data emanating from structured survey questionnaires supplemented by secondary source of data from an extensive literature review, in order to present insightful commentary about credit accessibility within SMEs in South Africa. The structured survey questionnaire was administered to 179 construction small and medium organizations to elicit relevant data about their credit accessibility. Binary logistic regression was applied to determine the influence of demographic variables on credit accessibility. The equation specified access to credit as dependent variable while firm and personnel characteristics as independent variable. The statistical package for social science version 22 was used. The results indicate that firm characteristics influence access to finance. The study recommends that South Africa SME contractors should maintain attractive firm attributes to stimulate lenders to extend finance to their investments.
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Determinants of bridging loan among small and medium-sized enterprises in the South African Construction Industry

- Balogun, Olanrewaju Abdul, Ansary, Nazeem, Agumba, Justus Ngala

Assessment of credit accessibility to construction SMEs in the South African construction industry using binary logistic regression

- Balogun, Olanrewaju Abdul, Ansary, Nazeem, Agumba, Justus

Analysis of determinants of revolving credit for small and medium construction enterprises : a case of Gauteng province

- Balogun, Olanrewaju Abdul, Ansary, Nazeem, Ekolu, Stephen

Analysis of credit rationing among construction enterprises SMEs within financial institutions : a case of Gauteng Province in South Africa

- Balogun, Olanrewaju Abdul, Agumba, Justus Ngala, Ansary, Nazeem

  • 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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An investigation into credit accessibility for small and medium scale enterprise in construction industry of Gauteng province in South Africa : literature review

- Balogun, Olanrewaju Abdul, Ansary, Nazeem, Agumba, Justus Ngala, Aigbavboa, Clinton, Thwala, Wellington Didibhuku

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

- Renault, Berenger, Agumba, Justus, Ansary, Nazeem

  • 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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A conceptual model for pricing health & safety on construction projects

- Akawi, Edzua Jirel, Musonda, Innocent, Ansary, Nazeem

  • Authors: Akawi, Edzua Jirel , Musonda, Innocent , Ansary, Nazeem
  • Date: 2017
  • Subjects: Conceptual model , Construction projects , Cost drivers
  • Language: English
  • Type: Conference proceedings
  • Identifier: http://hdl.handle.net/10210/244757 , uj:25311 , Citation: Akawi, E.J., Musonda, I. & Ansary, N. 2017. A conceptual model for pricing health & safety on construction projects.
  • Description: Abstract: The competitive nature of the construction industry (CI) has marginalised health and safety (H&S) on construction projects. Most clients in the CI, if not all, award projects based on price and in most cases to the “cheapest bidder” and not the “safer bidder”. Consequently, such practices have compelled contractors to lower their bid price to increase their chances of being awarded projects, whereas in contrast, H&S is marginalised. The study, which was a case study of nine projects of which six were civil engineering projects and three building construction projects, was purposed to conceptualise a model for pricing H&S on construction projects. The findings showed that contractors do price for H&S using an itemised breakdown even though such items are not included as a trade in the Bill of Quantities (BOQs). With regards to expenditure, the actual costs of H&S ranged between 2.9% and 3.98% for projects with a value below R500 million and between 4.08% and 4.90% for projects with a value above R500 million. Health and safety costs were found to be directly proportional to the projects value and indirectly influenced by the client. Previous studies recommended that H&S should be priced as an itemised trade in the BOQs, but such recommendations are yet to be implemented. The lack of a conceptual model for pricing H&S on construction makes accurate and adequate monitoring of H&S costs unlikely. Thus, a standardised pricing model will assist contractors to price adequately for H&S, and clients, to ensure that provision for H&S measures on construction projects is adequate as required by the Construction Regulations (CR) 2014.
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