Loughborough University
Browse

File(s) under permanent embargo

Reason: Publisher requirement

Survey of project related finance in United Arab Emirates

journal contribution
posted on 2019-08-02, 09:56 authored by Andrew Price, HW Shawa
This paper discusses project related finance for construction contractors operating in the United Arab Emirates. The research's assumptions and hypotheses were formulated after extensive literature searches and discussions with members of the industry. To obtain data, a questionnaire was sent to both lenders and borrowers. There were two versions of the questionnaire: one for contractors (borrowers), and the other for banks (lenders). Each version comprised two parts. Part 1 was common to both versions and contained nine assumptions on project related finance seen as suitable definitions of the subject. The respondents were requested to indicate their measure of agreement or disagreement by circling the appropriate number given. Part 2 was a survey of project related financing practice. It contained 17 questions in the borrowers' version and 21 questions in the lenders' version. Interviews were conducted with bankers and contractors. Guidelines for lenders were developed to help in the decision-making process and to help identify the areas that concern bankers most when lending to contractors. The findings, if implemented, should act as confidence building measures between contractors and bankers, whether they look for new relationships or develop existing ones, and could positively influence the opinions of bankers regarding contractors, giving industry the benefit of more stable relationships.

History

School

  • Architecture, Building and Civil Engineering

Published in

Journal of Construction Engineering and Management

Volume

123

Issue

3

Pages

223 - 232

Publisher

American Society of Civil Engineers (ASCE)

Version

  • VoR (Version of Record)

Rights holder

© American Society of Civil Engineers (ASCE)

Publication date

1997

Copyright date

1997

ISSN

0733-9364

eISSN

1943-7862

Language

  • en

Usage metrics

    Loughborough Publications

    Categories

    No categories selected

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC