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Assessment Of The Survival Practices Of Quantity Surveying Firms In A Recessed Economy
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Olatunji, Oke, Aghimien and Ogunwoye (2016) opined that
with the challenging economy in Nigeria, it is not uncommon to see
construction professionals acting in manners that go against the ethics
of their profession during the course of carrying out their professional
duties just to make ends meet. Murdoch and Hughes (2008) stated that
Quantity Surveyors as construction cost managers are the cynosure of all
eyes both within the construction industry and the country at large.
Bearing in mind that construction professionals operate in a highly
fragmented industry which includes different skills and professions, and
where relationships and boundaries are not always clear, Quantity
Surveyors are expected to display a high level of professional
competence founded on genuine ethical conduct.
It has been observed
that the primary aim of every profession is to serve the public. This
commitment means that true professional places the public good before
mere financial reward. Acting in such a manner may on occasion conflict
with an individual or client’s interest. This concept is embodied in
many of the profession’s codes of conduct (Murdoch and Hughes, 2008;
Olatunji et al., 2016). Seeley (1997) assert that upholding professional
ethics underpins the primary objectives of professional codes of
practice. Providing a professional service may therefore be viewed as
delivering technical skills competently and in a way society expects of
professionals.
Bearing the economic recession facing the country in
mind and the need for Quantity Surveyors to demonstrate high ethical
standards, this research therefore set out to assess the survival
practices employed by Quantity surveying firms in Nigeria.
1.3 Aim and Objectives of the Study
The
aim of this research is to assess the survival practice of Quantity
Surveying firms in a recessed economy with a view to identifying
possible ways to help Quantity Surveying Firms survive in times of
recession. The objectives stated out for achieving this aim are to:
•
identify the factors affecting the survival practices of Quantity
Surveying Firms in a recessed economy in Imo State;
• assess the level of these survival strategies by Quantity Surveying Firms in Imo State;
• evaluate the impact of these survival practices on the survival of Quantity Surveying Firms in Imo State
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