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Assessment Of Factors Affecting Contractors Tender For Construction Projects In Nigeria
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1.3 OBJECTIVES OF THE STUDY
The aim of this research is to analyze
and assess the local factors that account for the success or failure of
tenders submitted by contractors when applying for a construction
project in Imo State. The aim of this research can be broken down into
the following objectives:
To identify the challenges faced by contractors when applying for contracts in Nigeria
To assess the factors that affect contractors tender for construction project.
RESEARCH QUESTIONS
What challenges do contractors in Nigeria face when submitting tenders for projects/contracts?
What are the factors that affect contractors tender for construction projects?
1.5 SIGNIFICANCE OF THE STUDY
This
research will help contractors become aware of what the factors which
need to be considered when they intend to submit tenders for different
projects. This research will also provide the information that would be
used by any contractor to create a competitive bidding strategy.
This
study will also give a clear insight into the various ways in which
profit and efficiency from contracts and contracting can be increased
and how the challenges facing contract tendering can be properly
tackled. The study also gives a clear insight into the various factors
affecting tenders and their effects on contractor’s efficiency and
chances of winning a contract in Nigeria. The findings and
recommendations of the researcher will help in building a strong and
better contract policy and tendering guideline for contractors,
especially small scale contractors in Imo State other construction
companies in Nigeria.
HYPOTHESIS FORMULATION
Statements of Hypothesis for the study are:
Ho:
There is no significant relationship between factors that affect
contractor tender and contractor chances in winning a construction
project.
Hi: There is a significant relationship between factors that
affect contractor tender and contractor chances in winning a
construction project.
SCOPE OF STUDY
This research focuses mainly
on the assessment of the factors that affect tenders for construction
projects, using construction companies and private contractors in Imo
State as case study. Results and recommendations may not be used to
generalise other construction companies or contractors in other parts of
Nigeria, as the researcher could not cover a wider scope due to
financial and time constraints.
Based on the findings of this study
other possible researchable areas may include studies on the various
effects of other aspects of contracts such as contract laws in Nigeria
and contract management and control.
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