Factors Influencing Success Rate of Contractors in Competitive Bidding for Construction Works in South-East, Nigeria

The focal point of this study was to assess the perspectives of construction professionals on factors influencing tender prices of construction works and the contribution of the factors to the success rate of contractors. Using literature review and questionnaire survey, 15 factors were identifie...

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Main Authors: Aje, Isaac Olaniyi, Oladinrin, Timo Olugbenga, Nwaole, Angeline Ngozika Chibuike
Format: Article
Language:English
Published: Penerbit Universiti Sains Malaysia 2016
Subjects:
Online Access:http://eprints.usm.my/41441/
http://eprints.usm.my/41441/1/JCDC_21%281%29_2016-Art._2_%2819-34%29.pdf
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author Aje, Isaac Olaniyi
Oladinrin, Timo Olugbenga
Nwaole, Angeline Ngozika Chibuike
author_facet Aje, Isaac Olaniyi
Oladinrin, Timo Olugbenga
Nwaole, Angeline Ngozika Chibuike
author_sort Aje, Isaac Olaniyi
building USM Institutional Repository
collection Online Access
description The focal point of this study was to assess the perspectives of construction professionals on factors influencing tender prices of construction works and the contribution of the factors to the success rate of contractors. Using literature review and questionnaire survey, 15 factors were identified in respect to contractors' tender price and success rate in Nigeria. The findings of this study based on the results of statistical analyses (mean score and chi-square) reveal that all the construction professionals (architects, builders, engineers and quantity surveyors) are of the opinion that material availability, labour productivity and level of profit are the most significant factors that highly influence tender price of construction works and consequently affect the success rate of contractors in competitive bidding. Project definition and construction plan have least influence on contractors' tender price. Also, it was found that government policy does not have significant effect on contractors' success rate in competitive bidding in Nigeria. It is hoped that the information presented in this paper will be of interest to all parties concerned, including Nigerian construction companies and foreign companies planning to enter the Nigerian construction market. In addition, while the research focused on a particular country, Nigeria, the study can be replicated in other countries particularly developing countries and the results can be compared.
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spelling usm-414412018-08-21T01:13:51Z http://eprints.usm.my/41441/ Factors Influencing Success Rate of Contractors in Competitive Bidding for Construction Works in South-East, Nigeria Aje, Isaac Olaniyi Oladinrin, Timo Olugbenga Nwaole, Angeline Ngozika Chibuike TH1-9745 Building construction The focal point of this study was to assess the perspectives of construction professionals on factors influencing tender prices of construction works and the contribution of the factors to the success rate of contractors. Using literature review and questionnaire survey, 15 factors were identified in respect to contractors' tender price and success rate in Nigeria. The findings of this study based on the results of statistical analyses (mean score and chi-square) reveal that all the construction professionals (architects, builders, engineers and quantity surveyors) are of the opinion that material availability, labour productivity and level of profit are the most significant factors that highly influence tender price of construction works and consequently affect the success rate of contractors in competitive bidding. Project definition and construction plan have least influence on contractors' tender price. Also, it was found that government policy does not have significant effect on contractors' success rate in competitive bidding in Nigeria. It is hoped that the information presented in this paper will be of interest to all parties concerned, including Nigerian construction companies and foreign companies planning to enter the Nigerian construction market. In addition, while the research focused on a particular country, Nigeria, the study can be replicated in other countries particularly developing countries and the results can be compared. Penerbit Universiti Sains Malaysia 2016 Article PeerReviewed application/pdf en http://eprints.usm.my/41441/1/JCDC_21%281%29_2016-Art._2_%2819-34%29.pdf Aje, Isaac Olaniyi and Oladinrin, Timo Olugbenga and Nwaole, Angeline Ngozika Chibuike (2016) Factors Influencing Success Rate of Contractors in Competitive Bidding for Construction Works in South-East, Nigeria. Journal of Construction in Developing Countries , 21 (1). pp. 19-34. ISSN 1823-6499 http://web.usm.my/jcdc/vol21_1_2016/JCDC%2021(1)%202016-Art.%202%20(19-34).pdf
spellingShingle TH1-9745 Building construction
Aje, Isaac Olaniyi
Oladinrin, Timo Olugbenga
Nwaole, Angeline Ngozika Chibuike
Factors Influencing Success Rate of Contractors in Competitive Bidding for Construction Works in South-East, Nigeria
title Factors Influencing Success Rate of Contractors in Competitive Bidding for Construction Works in South-East, Nigeria
title_full Factors Influencing Success Rate of Contractors in Competitive Bidding for Construction Works in South-East, Nigeria
title_fullStr Factors Influencing Success Rate of Contractors in Competitive Bidding for Construction Works in South-East, Nigeria
title_full_unstemmed Factors Influencing Success Rate of Contractors in Competitive Bidding for Construction Works in South-East, Nigeria
title_short Factors Influencing Success Rate of Contractors in Competitive Bidding for Construction Works in South-East, Nigeria
title_sort factors influencing success rate of contractors in competitive bidding for construction works in south-east, nigeria
topic TH1-9745 Building construction
url http://eprints.usm.my/41441/
http://eprints.usm.my/41441/
http://eprints.usm.my/41441/1/JCDC_21%281%29_2016-Art._2_%2819-34%29.pdf