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The Effect Of Timely Delivery Of Construction Projects On The Economic Development Of Nigeria
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1.2 PROBLEM STATEMENT
Misallocation and misperception of time factor
in construction projects have resulted in the government of Nigeria
paying more than necessary for many projects. Improper time assessment
can also cause additional costs in the form of delays which result in
poor utilization, increasing social and economic costs. Are contractors
using the most appropriate resources to execute projects in Nigeria? Do
they mobilize the needed resources within the approved time frame
allotted to their contracts? What effects do short time periods and/ or
extended time periods have on their project costs? Are there remedies to
these situations?
These are some of the situations that have
prompted the researcher to go deep into the assessment of the cost and
time impacts of public sector construction projects in Nigeria.
1.3 OBJECTIVES OF THE STUDY
The
study had the main objective of assessing the effects of timely
delivery of construction projects on the economy of Nigeria, but
specifically it had the following objectives.
To establish the extent to which time factors have impacted on construction of projects in the public sector in Nigeria.
To find out the change in the perception of contractors on time effects on public sector construction in Nigeria.
To find out the relationship between timely delivery of construction projects and the economic development of Nigeria.
1.4 RESEARCH QUESTIONS
In order to achieve the objectives of the study, the following research questions were used by the researcher:
What effects do time factors have on construction of projects in Nigeria?
Has the perception of contractors on time factors in projects construction changed in recent years?
What relationship exists between timely delivery of construction projects and economic development in Nigeria?
1.5 RESEARCH HYPOTHESIS
Ho: There is no significant relationship between timely delivery of construction projects and economic development of Nigeria.
Hi: There is a significant relationship between timely delivery of construction projects and economic development of Nigeria.
1.6 SIGNIFICANCE OF THE STUDY
All
construction contracts allocate time between owners and contractors.
Hence the significance of this study would better inform improved
project relationships and communications and enhance construction
administration practices between owners and contractors.
The
findings would also enhance and broaden time of wide range of risks that
could materialize during the design, and construction phases of a
project which would subsequently result in better and more prudent
designs specifications.
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