Key Features:
No. of pages: 79
Abstract:
This study identified the impact of economic recession on public project delivery in Ekiti state, Nigeria. Economic recession is a barrier to the completion of project delivery. This is a common issue encountered in the construction industry across the globe most especially in developing countries. Ekiti-State, more than 15% of construction projects experienced more than five months of delay while some were abandoned as a result of economic recession. Hence, the study of the impact of economic recession on public project delivery is very important in order to minimize the delay in the number of project delivery. This study identified the major causes of economic recession in Nigeria and as well suggested key strategies for firms to survive in an economic recession. A descriptive research design is undertaken for this study while stratified sampling techniques were used via the use of self-administered questionnaires to obtain relevant information.
The population of the study includes Architects, Builders, Quantity Surveyors, Civil Engineers, and other professionals that are fully involved in construction projects. A total number of 60 questionnaires were distributed to the Ministry of Works and Infrastructure including the three leading construction firms in Ado-Ekiti out of which fifty-two (52) questionnaires were received. The data collected was analyzed by descriptive statistical tools using frequency, percentage, mean, and relative importance index (RII). The study revealed that the major cause of economic recession in Nigeria is poor economic planning. It also revealed that time overrun is the most rated impact of economic recession on public projects executed in Ekiti State. Finally, the retrenchment strategy was rated most as the key strategy for firms to survive in a recession.
Keywords: Economy, Retrenchment, Projectdelivery, RawMaterial, Timeoverrun.
Table of Content:
Titlepage i
Certification ii
Acknowledgment iii
Dedication iv
Abstract v
Tableofcontents vi
Listoffigures x
Listoftables xi
Abbreviations
xiiCHAPTERONE
1.1 BackgroundtotheStudy 1
1.2 Statementofproblem 3
1.2.1 Mainproblem 3
1.2.2 Sub-problem 3
1.3 Researchquestions 4
1.4 Aimandobjectives 4
1.5 Significanceofthestudy 4
8
1.6 Delimitations/scopeoftheStudy 4
1.7 Definitionofterms 5
CHAPTERTWO
LITERATUREREVIEW
2.0 Introduction 6
2.1 Conceptofrecession 6
2.2 ThemajorcausesofeconomicrecessioninNigeria 7
2.3 TheimpactofeconomicrecessiononpublicprojectdeliveryinEkitiState
16
2.4 Keystrategiesforfirmstosurviveineconomicrecession
19
CHAPTERTHREE
3.1 Introduction 24
3.2 Researchdefinitionandpurpose 24
3.3 Researchmethodologyadopted 24
3.4 Procedure for data collection
25
3.4.1 Targeted population
25
3.4.2 Sampleframe
25
9
3.4.3 Samplesize 26
3.4.4 Sampletechniques 26
3.5 Datacollectioninstrument 26
3.5.1 Primarydata 26
3.5.1.1 Questionnairedesign
27
3.5.2 Secondarydata 27
3.6 Demographicinformation 28
3.7 DataAnalysis
28
3.8 Conclusion 28
CHAPTER FOUR
DATAANALYSISANDPRESENTATION
4.1 Introduction 29
4.2 Population distribution of questionnaire and responses
29
4.3 Characteristics of the respondents
30
4.3.1 Genderofrespondents 31
4.3.2 Agesofrespondents
32
4.3.3 Professionrespondents 33
10
4.4 Major Causes of economic recession in Nigeria
34
4.5 Impacts of economic recession on public project delivery in Ekiti State
35
4.6 Key Strategies for firms to Survive in recession 36
4.7 Discussion of findings 37
4.7.1 Objective1 37
4.7.2 Objective2 38
4.7.3 Objective3 38
CHAPTER FIVE
SUMMARY, CONCLUSION, AND RECOMMENDATIONS
5.1 Introduction 39
5.2 Achievementoftheresearchobjectives 39
5.3 Summary of Findings
42
5.4 Conclusion 43
5.5 Limitations of the Study 43
5.6 Recommendations 44
5.7 Areas for further study 45
REFERENCES 46
APPENDICES 50
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