Assessing the practice and prospects of value management in the Nigerian construction industry

Abstract

Past studies have found that the client value system is not successfully achieved in the Nigerian construction industry (NCI). Consequently, the clients are frequently dissatisfied with their projects. Different attempts have been made to address this problem but unfortunately the problem still persists and unabated. Studies elsewhere suggest that value management is capable of facilitating the achievement of the client’s value system. Therefore, this research seeks to achieve the following objectives; (1) to determine whether value management is practiced in Nigeria; (2) to determine the dominant criteria of clients value system in Nigeria; (3) to determine whether value management can facilitate identifying the client value system in Nigeria and, (4) to determine whether it is possible to achieve client’s value system through value management in Nigeria. To achieve these objectives, the research has combined literature review and questionnaire survey. Three hundred questionnaires were administered on construction practitioners in Nigeria, out of which, one hundred and fifty two useable responses were analyzed for this research. This represents 51% effective response rate. The findings from the research suggest that value management is not formally practiced in the Nigerian construction industry and that quality of the projects is the dominant criterion within the Nigerian client value system. The findings also suggest that value management can facilitate the identifications of client value system in Nigeria. Finally, the results suggest that value management can also facilitate the achievement of client value system in Nigeria. Therefore, this research recommends introducing value management into the Nigerian construction industry in order to facilitate achieving the client value system.