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IMPACT ON FINANCIAL CAPABILITY OF CONSTRUCTION CONTRACTOR: CASE STUDY OF THAI GOVERNMENT PROJECT AFFECTED BY 2011 MAJOR FLOOD CRISIS |
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| รหัสดีโอไอ | |
| Creator | Chaisak Pisitpaibool, Narin Khampu |
| Title | IMPACT ON FINANCIAL CAPABILITY OF CONSTRUCTION CONTRACTOR: CASE STUDY OF THAI GOVERNMENT PROJECT AFFECTED BY 2011 MAJOR FLOOD CRISIS |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2562 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 10 |
| Journal No. | 10 |
| Page no. | 10A10E: 1-16 |
| Keyword | Thailand flood crisis, Project time delays, Financial impact, Construction human resource planning, Excusable Delays (ED), Construction scheduling, Construction delay, Contractor financial capability, Contractor Responsible Delays (CRD). |
| URL Website | http://tuengr.com/Vol10_10.html |
| Website title | ITJEMAST V10(10) 2019 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | The 2011 Thailand's flood crisis is one of the most severe unexpected events that occurred of the Central Plains of Thailand. This study proposes the extreme criteria for assessing the potential impact on the financial capability of a contractor who experiences a building construction of the government sector and is suffered from this disaster. The delays of the project consists of: (1) the delay causing by flooding for 48 days which resulted from the construction site cannot be accessed; (2) the delay causing by the period of time to solve the soil problems for 215 days and 261 days for the main and service buildings, respective; and (3) the contractor responsible delay obtained from analytical result is 22 days, which may cause by the shortage of some construction materials. The 55 percent of the construction budget is claimed as the extreme criteria for assessing the financial capability of a potential contractor for getting a job after such a serious natural disaster. Lesson learned from the rare disaster is finally presented into four categories. |
