ASSESSING THE CAPABILITIES OF CONTRACTORS IN MONITORING AND CONTROLLING CONSTRUCTION CASH FLOW IN NIGERIA
ASSESSING THE CAPABILITIES OF CONTRACTORS IN MONITORING AND CONTROLLING CONSTRUCTION CASH FLOW IN NIGERIA
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Date
2018-01
Authors
ABUBAKAR, Aiyu Danjuma
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Abstract
The construction sector experiences the highest number of bankruptcies compared to
any sector of the economy, with many companies failing because of poor cash flow
management. This study assessed the capabilities of Nigeria contracting firms in
monitoring and controlling of construction cash flow. Quantitative approach was used to
administered questionnaire survey to 246 contracting firms involved in building and
civil engineering works in Nigeria. A total number of 112 questionnaires were filled and
returned and the results were analysed using the arithmetic mean values and ranking of
variables in Statistical Package for Social Sciences (SPSS). Essentially, the survey
evaluates the extent of usage of some identified construction cash flow monitoring and
controlling key practices. The findings show that; the Nigerian construction sector is
currently at a low capability level and usage of the key practices in construction cash
flow monitoring and controlling, the large size firms have high capability level and
usage of the key practices in construction cash flow monitoring and controlling.
Medium and small size firms which are the predominant category of firms in the
construction sector in Nigeria have low capability level and usage of the key practices in
construction cash flow monitoring and controlling and in dire need for improvement.
The research work recommends that; for an effective cash flow monitoring and
controlling practice, an assessment frame work should be developed by the contractors
for use in contract administration, continuous education and training of the entire staff
responsible for cash flow management through workshops and seminars in order to
improve their skills in cash flow management and Contractors should involve the
Quantity Surveyors, who are disciplined as cost managers to be responsible and
accountable for cash flow management.
Description
A THESIS SUBMITTED TO THE SCHOOL OF POSTGRADUATE
STUDIES, AHMADU BELLO UNIVERSITY ZARIA, IN PARTIAL
FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF MASTER
DEGREE IN QUANTITY SURVEYING.
DEPARTMENT OF QUANTITY SURVEYING, FACULTY OF
ENVIRONMENTAL DESIGN, AHMADU BELLO UNIVERSITY, ZARIA
Keywords
ASSESSING,, CAPABILITIES,, CONTRACTORS,, MONITORING AND CONTROLLING,, CONSTRUCTION,, CASH FLOW,, NIGERIA