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- W765276475 abstract "Occasionally an owner of public construction work pays financial costs in addition to progress payments. However, the overall scale of financial costs are not known. This research examines, based on a case study, the financial cost incurred in public construction works and the following issues: the overall scale of financial costs, the impact on financial costs on the owner, and the impact of timing on the overall sum of the financial costs. Annually, more than 2.3 trillion KRW are paid as progress payments for public construction work; yet, there is no research data showing the scale of financial costs thus incurred. The purpose of this research is to illustrate the scale of financial costs incurred due to progress payments for public construction works, and to suggest alternatives that would improve relevant regulations." @default.
- W765276475 created "2016-06-24" @default.
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- W765276475 date "2008-01-01" @default.
- W765276475 modified "2023-09-26" @default.
- W765276475 title "A Case Study on Owner’s Loss Incurred due to the Financial Cost of Public Construction Works in Korea" @default.
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