The increased complexity of the society and high level of competition in the construction industry has made it imperative for contractors, project managers and construction companies to carry out serious planning in order to ensure project success and profits. This work examined project planning impact on a contractor’s profitability. The objectives were to identify project planning techniques and tools used by contractors in construction project delivery, determine factors affecting project planning practices of contractors, and to evaluate the impact of proper project planning on contractor’s profitability. The research approach involved survey design using structured questionnaire administered to 50 respondents in Owerri, Imo, Nigeria. Spearman Ranked Correlation, Chi Square and other descriptive statistical methods were adopted for data analysis. The findings of the study revealed that Gantt chart with a mean score of 4.83 was the most commonly used tool used by contractors in project planning, and project funding not aligning with project plans with a mean score of 4.70 is the most common factor affecting project planning effectiveness. The hypothesis tests between level of use of project planning practices and contractors’ profitability using Spearman Ranked Correlation test indicated significant positive relationship between effective project planning and contractors’ profitability. The study concludes that project planning efforts influences contractor profitability in construction project delivery. The recommendations put forward were that project management teams should expose contractors to the relevance of project planning and its benefits. Clients should properly define their brief and contractor to avoid purchasing materials that won’t be used immediately in cases of installation of lifts that require heavy machinery and store houses.
BACKGROUND OF THE STUDY
To be able to transform into an industrialized economy an underdeveloped economy has to privately and commerciall...
ABSTRACT
This study was carried out to examine investigation into the causes and effects of the Russian...
ABSTRACT
This research titled: Analysis of the Doctrine of Compact under the Nigerian Military Law is concerned about the legal status of...
Aims and Objective of the Study.
Following are the objectives of the study
To examine the pre-1991 Local Gover...
ABSTRACT
This study was carried out on the assessment of the effect of cryptocurrency ban policy o...
STATEMENT OF PROBLEM
In recent years, increasing awareness of environmental impact of organic and inorganic compounds has prompted the pu...
ABSTRACT
The study examined the impact of money supply on economic growth in Nigeria. Data was collected from CBN statis...
BACKGROUND OF THE STUDY
In December 2019, the global population will be awoken to an outbreak of a disease known as Coro...
ABSTRACT
The HIV/AIDS pandemic has resulted in mortality surge and life expectancy drop throughout the world. Developing countries are mo...
ABSTRACT
This study was set to investigate the performance of senior secondary schools students in geography in some sel...