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ASSESSMENT
OF FACTORS AFFECTING BUILDING CONTRACTORS’ SELECTION
ABSTRACT
The knowledge
and understanding of value management concept is critical in achieving project
goal and objectives in terms of time, cost, quality, safety, and functionality.
Previous studies have found that has been emerging as a concept that is needed
to be integrated into Nigerian construction industry projects. The study seeks
to assess the use of VM concept as a project management technique by
construction stakeholders in south-south Nigeria with a view to ensuring a
sustainable and vibrant VM process in the construction industry. The objectives
were to assess the level of awareness of value management concept for
construction projects in Akwa Ibom and Rivers States, examine the level of
implementation of value management practices by stakeholders, evaluate key
drivers influencing the practice of value management practices and assess
factors inhibiting the smooth implementation of VM practices for construction
projects in the study area. Related literatures were reviewed to achieve the
objectives. A cross-sectional survey approach was used for the study. One
hundred and seventy-seven (177) questionnaires were retrieved from the
respondent which included: 77 contractors and 100 consultants who applied the
understudied value management concept for construction projects delivery. Data
collected were analysed using mean item score, relative importance index and
Mann Whitney U-test was used to test the hypotheses. Findings indicate value
management practice is very low in the south-south Nigerian construction projects,
even though the study shows that, there is knowledge of value management among
stakeholders in the implementation of this concept in the region. Improved
products and services, Work towards arriving at a more effective design, Seek
to obtain maximum efficiency ratio, Create a clearer focus on the project
objectives, Higher efficiency can be achieved due to the multidisciplinary and
multi-task teamwork, and Clearer project brief and decision making were
discovered to be the key drivers influencing the practices of value management
for construction projects in the study area while Lack of awareness, Absence of
formal guidelines, Passive behavior among VM practitioners and Ineffective
procurement issues were the factors inhibiting the smooth implementation of
value management for construction projects in the study area. Findings suggest
that professional bodies and academic institutions organize a sensitization
programs and also synergize with relevant government institutions to get a
legislation that would enforce value management in Nigerian construction
industry. Proper guidelines should be published as well as Procurement Act
should also be reviewed to include value management practice for construction
projects in south-south region.
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08068231953 or 08168759420
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topics
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