Additional menu

NEW PROJECT TOPICS

free research project topics and materials

You are here: Home / RECENT PROJECTS / CIVIL ENGINEERING PROJECT TOPICS AND MATERIALS / THE ASSESSMENT OF FACTORS AFFECTING TENDERING IN CONSTRUCTION PROJECTS: CASE STUDY OF LAGOS STATE

THE ASSESSMENT OF FACTORS AFFECTING TENDERING IN CONSTRUCTION PROJECTS: CASE STUDY OF LAGOS STATE

posted on

. BACKGROUND OF THE STUDY

Construction industry is very important in the economic development of any nation especially in expanding economy like Nigeria [Ibironke, 2012]. It controls the capital flow, as well as labour resources, which had cost implications. As a result of this, proper management of these resources is considered an important aspect of project works. Likewise if the resources are adequately harnessed, issues that relate to cost overrun would not arise which could result to variations and claims. Some firms rely on claims as a result of variation incurred during the course of the project execution and afterward evaluate their profit after incurring necessary and unnecessary tendering on a project. This however has tendency of positioning such in a disadvantageous profit position. An effective cost management strategy is therefore necessary; this could be achieved through putting in place a proactive cost management strategy [Love et. al, 2010]. They described cost management system as a process that should be carried out throughout the lifecycle of a project, from the inception to the final completion and final payment to the contractor. In the light of this, the timeliness and cost effectiveness of various operation and decision carried out will determine to an extent the magnitude of cost that could be saved on the project [Kerzner, 2010, Ogunsemi et al, 2013]. The total cost of construction in normal circumstances is expected to be the sum of the following cost: Materials, Labours, Site overheads, Equipment/ Plant, Head office cost and profit but in many parts of the world particularly in Nigeria, there are other tendering to be allowed for such as cost as a result of currency exchange, contractor’s cartel, disputes on site, insurance cost, fraudulent and kickback [Neil, 2009]. These tendering according to the author in reference [Mbachu et al, 2013] have obvious negative implications for the key stakeholders in particular, and the industry in general. To the client, high cost implies added tendering over and those initially agreed upon at the onset, resulting in less returns on investment. To the end user, the added tendering are passed on as high rental/ lease tendering or prices

PAYMENT
THE ASSESSMENT OF FACTORS AFFECTING TENDERING IN CONSTRUCTION PROJECTS: CASE STUDY OF LAGOS STATE
Post Views: 1,748

Recent post

Reader Interactions

Comments

  14. Mammoth 100 restores from both oddball lung and abdominal cramping emesis abdominal instead of asthma to concussive entente that, postinjury pathophysiology, and narrow of treatment. order viagra online Hwwweo ufbpxv

  142. Taxi moto line
    128 Rue la Boétie
    75008 Paris
    +33 6 51 612 712  

    Taxi moto paris

    Neat blog! Is your theme custom made or did you download it from somewhere?
    A theme like yours with a few simple tweeks would really make my blog stand out.
    Please let me know where you got your design. Kudos

  297. Thanks for your concepts. One thing we’ve noticed is banks along with financial institutions know the dimensions and spending patterns of consumers plus understand that plenty of people max outside their cards around the trips. They correctly take advantage of this real fact and then start flooding a person’s inbox plus snail-mail box by using hundreds of no interest APR credit cards offers shortly when the holiday season closes. Knowing that when you are like 98% in the American general public, you’ll get at the one opportunity to consolidate financial debt and switch balances towards 0 rate credit cards. poonmpp https://headachemedi.com – new cluster headache drug

  298. Thanks for your ideas. One thing I have noticed is that banks and financial institutions know the spending habits of consumers and understand that most people max out their credit cards around the holidays. They wisely take advantage of this fact and start flooding your inbox and snail-mail box with hundreds of 0 APR credit card offers soon after the holiday season ends. Knowing that if you are like 98% of the American public, you’ll jump at the chance to consolidate credit card debt and transfer balances for 0 interest rates credit cards. hggggil https://thyroidmedi.com – drugs used to threat thyroid

  301. Thanks for your thoughts. One thing I’ve got noticed is the fact banks in addition to financial institutions understand the spending behaviors of consumers and as well understand that the majority of people max outside their cards around the breaks. They smartly take advantage of that fact and commence flooding your current inbox along with snail-mail box using hundreds of no-interest APR card offers just after the holiday season concludes. Knowing that should you be like 98% of American community, you’ll rush at the possible opportunity to consolidate card debt and shift balances for 0 apr interest rates credit cards. kjjiikm https://stomachmedi.com – generic stomach medicine

  385. When is the pre-eminent things of day to take Clomid? In theory, gate the clomid for men low testosterone at the unchanging days every day. Some say that taking the drug ahead of bed can forbear you doze through some of the side effects. Others do heartier if they arrogate the pill in the morning. If you bear another Clomid cycle, you can whack at compelling it at a exceptional meanwhile of day

  393. What is the fetch of viagra without doctor prescription. Brand-name Viagra now costs around $70 per drug, so a kit out of 6, 100 mg tablets would cost $420. viagra without a prescription from a usa pharmacy? where to buy viagra without insurance in ct currently costs about $40 per cure, which would put 6, 100 mg tablets at $240. Use a drug savings press card to bail someone out even more.

  398. What happens if you take too much canadian cialis generic. Upping your portion of viagra levitra and cialis increases your chances of grave side effects and damage. Severe side effects may subsume: inadequate blood force (a higher prescribe may increase peril of dizziness and fainting) casket pain.

  399. How much does viagra without a doctor prescription usa charge at Costco. “We can without a hitch accede to generic versions of sildenafil mostly sometimes non-standard due to wholesale pharmacies like Costco, at $4 for 20 milligrams,” said Ben Davies, University of Pittsburgh urologist. “Patients commonly go there and proceed d progress their steak and viagra generic viagra over the counter together and come to it a day.”

Leave a Reply