Issues Encountered in the Valuation of Interim Payment Process in Construction Projects
Publication: Journal of Legal Affairs and Dispute Resolution in Engineering and Construction
Volume 15, Issue 1
Abstract
Valuation of interim payment by a quantity surveyor may be a cause of dispute for the parties involved in construction projects. Quantity surveyors as professionals must act and perform their duties in accordance with the statutes, avoid disputes, and meet the expectations of clients in evaluating interim payments. Valuation of interim payment must be made in an acceptable, reasonable, and judicious recommendation. This research seeks to enhance and enrich the process for a better and reliable payment to avoid disputes. The data were gathered through semistructured face-to-face in-depth interviews involving four types of respondents, namely, employers from the public and private sectors, contractors, and consultants. The content analysis approach was used to identify the current issues encountered by the parties involved in relation to interim payment. This research identified 10 common issues, which among others include accuracy, impartiality, justification, and guidelines that need careful consideration by a quantity surveyor in a valuation of interim payment process in order to avoid disputes.
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Data Availability Statement
All data, models, and code generated or used during the study appear in the published article.
References
List of Statutes
Construction Industry Payment and Adjudication Act (2012), Law of Malaysia Act 746, Percetakan Nasional Berhad.
Quantity Surveyors Act (1967), Laws of Malaysia Act 487; Percetakan Nasional Berhad.
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History
Received: Mar 25, 2022
Accepted: Aug 28, 2022
Published online: Nov 9, 2022
Published in print: Feb 1, 2023
Discussion open until: Apr 9, 2023
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