MARKET TALK: Delayed payments result from poorly structured projects

Mohammad Khader Al Shouli, Senior Vice President at Mashreq Bank says that clients could be delaying payments for various reasons including incomplete designs. This results in more variation orders and more claims from contractors which can lead to more dispute. If projects are envisioned correcting with balanced contracts and secured funding then they can handle variations, if not then there can be problems as clients budgets are exceeded. Source: Mashreq Market Talk 

01 August, 2017 | Colin Foreman