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AN ASSESSMENT OF THE NIGERIAN CONSTRUCTION INDUSTRY’S READINESS TO ADOPT VALUE MANAGEMENT PROCESS IN EFFECTIVE PROJECT DELIVERY
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- Contributor: mr-chris
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- Case No: 422384ip
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ABSRACT - [ Total Page(s): 1 ]Value management is widely accepted as a technique in achieving value for money. In accordance with the stipulation of the Public Procurement Act in Nigeria that value for money practices should be followed in procuring public assets and services, this study aims to assess the Nigerian construction industry’s readiness to adopt value management process. Through a survey, a total number of 117 semi-structured questionnaires were administered amongst practicing quantity surveying firms involved in construction projects in Nigeria. A total number of 70 usable responses were analysed and th
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CHAPTER ONE - [ Total Page(s): 1 ]CHAPTER ONEINTRODUCTION1.1 Background to the StudyValue management practice is not new; its origin could be traced back to the daysof World War II when it was introduced into the American manufacturing industry even though it was then referred to as Value Engineering (Cheah and Ting, 2005). Value Engineering was introduced to the construction industry by the United States Department of Defense and Navy in 1960. According to Kelly et al (2004), value management practice has been adopted by several countries including United Kingdom, China and Australia. V ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]Value management is widely accepted as a technique in achieving value for money. In accordance with the stipulation of the Public Procurement Act in Nigeria that value for money practices should be followed in procuring public assets and services, this study aims to assess the Nigerian construction industry’s readiness to adopt value management process. Through a survey, a total number of 117 semi-structured questionnaires were administered amongst practicing quantity surveying firms involved in construction projects in Nigeria. A total number of 70 usable responses were analysed and th
... Continue Reading
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