The effect of price hikes toward supplier on a project: case study of Oilgon Solution Sdn Bhd / Niddashima Baharudin

Price hike represent a change in the offered price as well as well as a price-setting practice. During price hike, all parties such as manufacturer, supplier, company and consumer affected. The objective in this study firstly is to identify the effect of price hikes among the supplier in Oligion Solution project and secondly is to determine the dominant factor that affect the price hikes among the supplier in Oilgon Solution project which are economy , technology and regulation. During price hike, Oilgon Solution will face a few problems such as project delays; negotiate back their contract with their client and supplier price pressure. This study aims to focus to supplier of Oilgon Solutions since during the price hike; the changes in price in supplier will affect company as well. The result of this study would be obtained through a set of questionnaire in Google form and sends to 20 suppliers. The results of the research point out that the during price hike, it will impact company client or consumer as well and regulation as a main factor that effect the price hike.