Financial implications for built environment consultants working at risk in South Africa

Authors

  • Chris Adendorff Nelson Mandela Metropolitan University
  • Brink Botha Nelson Mandela Metropolitan University
  • Angelo van Zyl Nelson Mandela Metropolitan University
  • Gillian Adendorff Nelson Mandela Metropolitan University

Keywords:

Built environment, Financial risk, Expectations, Remuneration

Abstract

Consultants in the built environment of South Africa are facing financial risks due to clients’ expectations of completing certain portions of work at risk. Thus, consultants would complete projects at risk in return for the possibility of remuneration in the long run. A descriptive survey was conducted among various professional consultants working within the built environment in South Africa. The findings include that a large percentage of work was expected to be completed at risk. Once work was completed at risk, a relatively small percentage continued to a stage where the actual consultant received remuneration. As a result of the current global economic climate, the amount of work required to be completed at risk increased and the percentage of work continuing to a stage of remuneration has also decreased. A greater percentage of clients therefore expected more work to be done at risk than the actual amount of work for which consultants are remunerated.

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Published

2012-06-30

How to Cite

Adendorff, C., Botha, B., van Zyl, A. and Adendorff, G. (2012) “Financial implications for built environment consultants working at risk in South Africa”, Acta Structilia, 19(1), pp. 126-152. Available at: https://journals.ufs.ac.za/index.php/as/article/view/125 (Accessed: 20October2021).

Issue

Section

Review articles