Background of the Study
The construction industry in Zuru LGA is a vital sector contributing to the region's infrastructure development. Proper financial management practices are crucial in ensuring that construction projects are completed on time, within budget, and to the required quality standards. This study aims to assess the financial management practices within the construction industry in Zuru LGA and their impact on the success and efficiency of construction projects.
Statement of the Problem
Despite the importance of the construction industry in the development of Zuru LGA, many construction firms face challenges related to poor financial management, such as cost overruns, project delays, and inadequate funding. This study seeks to evaluate the financial management practices used by construction companies in Zuru LGA and how they affect project execution and success.
Aim and Objectives of the Study
The aim of this study is to assess financial management practices within the construction industry in Zuru LGA. The specific objectives include:
Research Questions
Research Hypotheses
Significance of the Study
This study will provide insights into the role of financial management in the construction industry and highlight the importance of adopting sound financial practices to improve project execution and outcomes. It will also contribute to policy recommendations for improving financial management in the sector.
Scope and Limitation of the Study
The study will focus on construction firms operating in Zuru LGA. Limitations may include difficulties in obtaining financial records from private firms and potential biases in self-reported financial management practices.
Definition of Terms
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