Okpala, D C (1991) Evaluation and selection of construction projects in Nigeria. Construction Management and Economics, 9(1), pp. 51-61. ISSN 01446193
Abstract
Investors in the Nigerian construction industry were surveyed in four major towns in southern Nigeria in order to collect data on the evaluation and selection criteria employed when investing in construction. Their responses were analysed based on type of developer, i.e. individuals, companies or government agencies. The net present value (NPV), discounted cash flow (DCF) and payback method were identified as the three most significant methods for evaluating construction projects. Of the developers surveyed, about 19$ undertook risk analyses, whereas 81$ allowed for risk by multiplying by a factor whose value varies. There was closer agreement between individual investors and companies on the priorities accorded to different factors when evaluating and selecting projects, than between government agencies and any of the other two. The availability of capital was considered of utmost importance by all the investors surveyed.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction projects; evaluation; investment criteria; selection |
| Index terms: | discounted cash flow, government agency, risk analysis, payback, construction project, net present value, Nigeria, investor, selection criteria, construction industry |
| Subjects: | financial analysis, environmental hazards, industry analysis, administrative law, sociology, Geography, production management, tendering, economic analysis |
| Topics: | Legal Issues, Procurement, Sustainability, Stakeholder Management, Research Practice, Geographical Context, Project Management, Business Strategy, Cost Management |
| Descriptive scope: | 3 PCT |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here