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The Effect Of Contract Planning On Construction Project Performance
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CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
Ashworth,
Hogg, and Higgs (2013) described the construction industry as one of
the most important sectors of the economy, which integrates a wide
variety of skilled and unskilled professionals. These professionals
engage in the provision of goods and services ranging from construction,
alteration, refurbishment to repairs of building and civil engineering
structures. All these professionals work together under various types of
contractual agreements to actualize the client’s brief and deliver the
project. Each construction project is unique and has its main objectives
are outlined by the client based on project circumstances. Amongst the
most common objectives of any successful project are deliveries at the
right time, within authorized cost and meeting the envisaged quality
standards (Love 1998). Construction projects, like all others, are not
risks free and thereby can result to financial loss. Construction risks
are events that generally influence any or all of the project
objectives. Risk events could either be positive in terms of
opportunities or negative in terms of threats to either or the entire
project objectives (Hillson 2002).
Significant proportions of
factors impeding project performance in the construction industry are
traceable to actions and inaction of principal stakeholders in the
sectors. One aspect where stakeholders have failed in its
responsibilities relates to contract planning. Contract planning
According to Simmons (2007), refers to the process of systematically and
efficiently managing contract creation, execution and analysis for
maximizing operational and financial performance and minimizing risk.
Contract planning processes are the activities/steps taken during
contract planning, this is divided into two (2) phases PMT (2006) which
are the pre-contract planning and post-contract planning on clients
perspective and contractors perspective, but in the cause of this
project we will be looking at the clients perspective, The research
literatures in construction project management is replete with concerns
about poor or ineffective contract planning (Idoro, 2009; Idoro, 2012;
& Dalibi, 2016). Most countries in the Middle-East and some part of
Africa do not utilize project planning and management techniques in the
delivery of construction projects (Sayegh, 2008; Laryea & Hughes,
2009). Ashworth (2007) reported that the use of formal contract
planning and management techniques in the UK construction industry is
low. The result culminates in project failures, incessant claims for
variations, huge financial losses and sometimes results in bankruptcy of
Clients and Contractors Ashworth (2007).
Several academic and
professional literatures have developed in the field of effective
contract planning and management within construction contexts. The
degree of application of contract planning and management techniques by
contractors especially, was found to differ in various construction
industries across the globe (2008). Against this literature gap
therefore, this study is conducted to evaluate the effect of
construction contract planning on project performance in Imo State.
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ABSRACT - [ Total Page(s): 1 ]This study examines contract planning on construction projects from clients’ perspective and its effects on performance. The objectives are to determine the contract planning practices applied in the Nigerian construction industry, assess the awareness and usage of contract planning tools and techniques applied by clients on construction projects, evaluate factors affecting contract planning practices on construction projects and determine its effects on performance of construction projec ... Continue reading---
