FACTORS INFLUENCING CHOICE OF CONSTRUCTION PROCUREMENT METHODS AND ASSOCIATED RISK

Abstract

This research paper examines the procurement methods and associated risks with a view to enhancing the delivery of construction projects in Nigeria. The target population of the study were contractors, architects, quantity surveyors and construction clients as they are the stakeholders frequently involved in the construction procurement. The study explored purposive sampling to administer 40 questionnaires each to construction clients, architects, quantity surveyors and 60 to contractors respectively. 131 copies of questionnaire which was 77.06 % response were returned and found useful. Both descriptive and inferential techniques were used to
analyze the data. The results revealed that: speed in completion of projects and flexibility of the projects were the factors influencing the choice of traditional method of procurement while cost overrun and opportunity of sharing of risk between client and contractor were the risks associated with the method. Complexity of the project and the possibility of delivery to time were most important factors influencing the selection of design and build procurement method while high cost of construction, lack of competition, expensive bidding process were the risk associated with the method.