Impact of Payment Problems in Construction Projects in Australia

Investigating the
impact of
payment
problems in
construction
projects in
Australia

Introduction
Payment delay has become one of the important
concerns in the Australian construction industry. in
that case the efficiency of individuals in the
workplace has got affected (Park and Tucker 2017).
On the other hand, due to failure in payment
system, dissatisfaction among the employees in
Australian construction industry has got influenced.
Due to this reason, the negative impact on the
development process of Australian economy,
influencing the socio cultural environment.

Background of the study
Payment issue is continuously raising the unstable business
environment in the construction sector in Australia. Due to
the willingly delaying as well as contractual conflicts,
situation of the employees has become pathetic(Park and
Tucker 2017). As its result the economic growth as well as
prosperities has brought the Australian contraction
industry in questionable position. Investing in the topic, it
has been identified that inadequate experience of
contractors has driven such negative situations in the
company.

Purpose of the research
Due to delay in payment, the over all construction process is
also getting delayed, which is indirectly increasing the
economic concern. As its result, the complexity in the
projects is also getting increased. Delay in construction
projects, hiring its costs, which making tough for the small
construction companies to survive in the competitive
business environment.