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n Journal of Emerging Trends in Economics and Management Sciences - Critical selection criteria for appropriate procurement strategy for project delivery in Nigeria

Volume 3, Issue 5
  • ISSN : 2141-7024
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Abstract

The purpose of this paper is to investigate the existence and importance of specific factors that are thought to Infrastructural Projects are critical to economic development and their acquisition often take suitable procedures - procurement strategy/method - which are key processes and conditions clients create for the successful achievement of project specific objectives. However, selecting the most appropriate procurement strategy seem undefined, and a daunting task leading to project failure, increased risk etc. This paper therefore identified, evaluated and analyzed critical selection criteria for appropriate procurement strategy using extensive literature review, structured questionnaire survey and elicited opinions of construction professionals (in consulting, contracting and client organizations) in Ondo and Ekiti States Nigeria. Using descriptive and inferential statistics, the critical selection criteria and their significance among compared groups were analyzed. The study revealed slight disparity in the mean of ranked criteria while the t-Statistics indicated that there is no significant difference in the criteria used by clients and consultants. The study is not only instructive to procuring entities' decision makers and construction professionals but advance by contributing to procurement management practices, hence concluded by recommending a robust analysis of criteria in terms of project finance, available resources, risk associated and technicality amongst all parties hence reducing the risks in project execution and spur greater innovation on the part of project clients.

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/content/sl_jetems/3/5/EJC127678
2012-10-01
2019-09-20

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