Construction Industry News
Construction survey reveals worrying payment-delay trend
Friday, 09, April 2010
The Construction Industry Development Board’s (cidb’s) Construction Industry Indicators (CII) survey for 2009 was ?released in Cape Town late last month. ?It contains surprising revelations of the state of South Africa’s construction industry in 2009, highlighting the issues of payment delays, ?reduced profitability of projects, contractor and client satisfaction, and project delays.
The CII survey, undertaken by the cidb in partnership with the Department of Quantity Surveying and Construction Management at the University of the Free State (UFS), essentially measures the performance of the South African construction industry, focusing on ?clients, the clients’ consultants and contractors.The survey is based on a database of 3 441 projects completed in 2009 as well as responses ?drawn from 1 169 contractors and 332 client departments from across all nine provinces.