ASSESSMENT OF RISK RESPONSE TECHNIQUES FOR CONSTRUCTION PROJECTS UNDER DESIGN BID BUILD AND DESIGN & BUILD PROCUREMENT METHODS IN ABUJA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The non-implementation of risk management techniques constitutes a lot to most of the project failures encountered nowadays. This leads to variations, incessant claims due to time loss by the contractor and loss of significant stakeholder’s value. This study assessed risk response techniques for construction projects under Design Bid Build and Design & Build (DBB and DB) procurement methods in Abuja, with a view to enhancing the level of understanding and implementation of risk management in DBB and DB procurement methods. Data were collected from 150 respondents who are professionals working under companies registered with Federation of Construction Industry (FOCI). Tools used for data analysis were Relative Importance Index (RII) and Mean Item Score (MIS). Findings from the study revealed six (6) major risk response techniques that are often practiced on construction projects with average RII of 0.71. The most effective risk response techniques in construction projects are “Risk mitigation/Reduction” and “Risk Acceptance” (MIS = 3.94 and 3.60 respectively). “Insurance” is the most effective risk sharing technique for DBB procurement method (RII = 0.81). On the average, the risk sharing techniques for DBB procurement method are effective in construction projects procurement (average RII = 0.70). The most effective risk sharing technique under the DB procurement method is “Warranty” (RII = 0.71). On the average, the risk sharing techniques under the DB Procurement method are effective in construction projects procurement (average RII = 0.61). It was concluded that the risk sharing and response techniques under the Design Bid Build (DBB) and Design and Build (DB) procurement methods are effective. However, the techniques for the sharing and responding to risks in construction projects under the DBB procurement method are more effective than the risk sharing and response techniques under the DB procurement method in Abuja, Nigeria. It was therefore recommended that stakeholders should consider the use of DBB procurement method for procuring projects in order to respond to risks in construction projects more effectively
Related Project Materials
AN ANALYSIS OF DOMESTIC IMPLEMENTATION OF THE KYOTO PROTOCOL ON CLIMATE CHANGE IN NIGERIA
ABSTRACT
The global nature of climate has become very well appreciated in the developing as well as developed world. For example, in its...
AN APPRAISAL OF THE DEVELOPMENT OF LEGAL FOUNDATION ON THE CONCEPT OF CRIMES AGAINST HUMANITY IN INTERNATIONAL LAW
ABSTRACT
This study entitled “An Appraisal of the Development of Legal Foundation on the Concept of Crimes against Humanity in Inte...
THE EFFECT OF CBN CRYPTOCURRENCY BAN ON THE ECONOMY OF NIGERIA
ABSTRACT
This study was carried out to examine the effect of CBN cryptocurrency ban on the economy of Nigeria. To achiev...
FIDUCIARY ACCOUNTING FOR RETIREMENT PLANS AND PENSIONS
FIDUCIARY ACCOUNTING FOR RETIREMENT PLANS AND PENSIONS
ABSTRACT
This research investigates fiduciary accounting for retirement...
INFLUENCE OF EARLY CHILDHOOD EDUCATION ON PERSEVERANCE
ABSTRACT: The influence of early childhood education on perseverance is cr...
REGULARITY OF PRACTICAL CLASSES AND STUDENT'S ATTITUDE IN COMPUTER SCIENCE EDUCATION AMONG COLLEGES OF EDUCATION IN LAGOS STATE
BACKGROUND OF THE STUDY
Every civilization, no matter how basic in terms of its infrastructure, cultura...
THE IMPACT OF PRESCRIPTIVE ANALYTICS ON BUSINESS OUTCOMES
Abstract: THE IMPACT OF PRESCRIPTIVE ANALYTICS ON BUSINESS OUTCOMES
This study investigates the i...
AN EVALUATION OF MONETARY POLICY AND ITS IMPACT ON BANKING ACHIEVEMENT IN NIGERIA
Background to the study
ACHIEVEMENT in the banking industry is influenced by a variety of external vari...
DEVELOPMENT OF LIGHT VEHICLE BRAKE PAD TEST RIG
ABSTRACT
This report presents the development of light vehicle brake pad test rig for testing and measuring the materials frictional char...
AN EXAMINATION OF THE QUALITY OF GRADUATES PRODUCED BY THE TERTIARY INSTITUTIONS IN NIGERIA
ABSTRACT
This study examines the quality of graduates produced by the tertiary institutions in Nig...
