Review Article
Preventing Contract Termination Pitfalls in Construction Projects: Insights from the Ghanaian Construction Industry
Issue:
Volume 9, Issue 6, December 2024
Pages:
175-187
Received:
11 September 2024
Accepted:
12 October 2024
Published:
13 November 2024
Abstract: Purpose: Premature termination of construction contracts is a recurring problem that causes financial losses, delays, and strained stakeholder relationships. However, there is limited research on the specific causes of contract termination, particularly in Ghana, and practical solutions to prevent it are often overlooked. This study aims to investigate the pitfalls of contract termination in the construction industry and to propose effective prevention strategies based on empirical data. Design/Methodology/Approach: A quantitative research approach was adopted, employing a combination of purposive and random sampling techniques to gather data from 315 participants representing diverse roles within the construction sector. A structured questionnaire based on contract termination pitfalls was used, and data analysis involved descriptive statistics, factor analysis, and structural equation modeling (SEM) techniques. Findings: The study identified several critical factors influencing contract termination, including prompt payment by clients, adherence to contractual terms, competent supervision, and effective dispute resolution mechanisms. Through factor analysis and SEM, two main constructs emerged: Proactive Contract Management Strategies (PCMS) and Contract Termination Risk Mitigation Measures (CTRMM), each comprising specific indicators crucial for preventing terminations. Originality/value: This research contributes to the existing literature by providing empirical evidence of contract termination pitfalls and effective prevention strategies within the construction industry. The study’s multidimensional analysis approach, integrating quantitative techniques with Structural Equation Modelling (SEM), enhances the understanding of complex contractual dynamics and risk management in construction projects. Implications: The findings have practical implications for construction stakeholders, project managers, and policymakers. Implementing proactive contract management strategies such as clear payment protocols, rigorous quality control, and effective communication channels can significantly reduce contract termination risks. The study underscores the importance of integrating legal frameworks, innovative techniques, and managerial approaches in contract portfolios to enhance contract performance and project success in the construction sector.
Abstract: Purpose: Premature termination of construction contracts is a recurring problem that causes financial losses, delays, and strained stakeholder relationships. However, there is limited research on the specific causes of contract termination, particularly in Ghana, and practical solutions to prevent it are often overlooked. This study aims to investi...
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Research Article
Design and Verification of Blockchain Enabled Monitoring Data Ownership for Foundation Pits
Yixin He
,
Wu Chen,
Jun Zhou,
Ge He*,
Dan Miao,
Jianxin Ye
Issue:
Volume 9, Issue 6, December 2024
Pages:
188-196
Received:
25 August 2024
Accepted:
4 November 2024
Published:
14 November 2024
Abstract: With the rapid development of urban construction, the demand for reliable data management systems is increasing. The Guangzhou Housing and Urban-Rural Development Bureau has recognized the necessity of data rights confirmation to enhance the management efficiency and security of monitoring data, which is crucial for ensuring the safety of construction projects. In response to the insufficient security and credibility of traditional foundation pit monitoring data during the certification process, this study proposes a design and verification scheme for foundation pit monitoring data certification based on blockchain technology. By designing smart contracts to achieve tamper proof and transparent sharing of data, we ensure the authenticity and reliability of monitoring data throughout its entire lifecycle. The experimental results show that the proposed scheme effectively reduces the security risks of foundation pit monitoring data during storage and transmission, and improves the efficiency and accuracy of data management. Meanwhile, based on the distributed nature of blockchain, the credibility of data has been enhanced, preventing the forgery and tampering of information. The design scheme of this study not only effectively realizes the certification of foundation pit monitoring data, but also provides new ideas for data sharing and security in engineering management, with important application prospects, especially in the fields of engineering safety, risk control, etc., which can provide strong data support for relevant decisions.
Abstract: With the rapid development of urban construction, the demand for reliable data management systems is increasing. The Guangzhou Housing and Urban-Rural Development Bureau has recognized the necessity of data rights confirmation to enhance the management efficiency and security of monitoring data, which is crucial for ensuring the safety of construct...
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