An Appraisal Of Performance Measurement Practice Of Construction Firms In Anigeria

An Appraisal Of Performance Measurement Practice Of Construction Firms In Nigeria

Abstract

Performance dimension is pivotal to the construction assiduity in order to ameliorate the performance of the assiduity and most importantly achieve nonstop enhancement. The traditional approach to performance dimension has been criticised severally performing to an elaboration that brought about contemporary performance dimension fabrics. These fabrics have been espoused by several construction assiduity especially in the UK, US, Chile and Brazil. still, utmost organisations within the Nigerian Construction assiduity substantially present their fiscal reports( which are substantially fiscal measures) to portray their performance and there are no available exploration that presents elaborate information on the assiduity ‟ s performance dimension practice.

The Nigerian Construction Assiduity is faced with several problems skirting on poorperformance.The study rated the performance dimension practice of construction enterprises in Nigeria. A check questionnaire was conducted on a aimlessly named 50 small and medium sized construction enterprises in Abuja, Nigeria. Data were analysed using the descriptive statistics system including tabulation, probabilities and maps. The results of the study revealed that utmost construction enterprises are interested in how they perform and do measure their performance. The study also shows that utmost of the construction enterprises still calculate on fiscal measures( which has been largely criticised). Findings from the study also indicate a low mindfulness/ perpetration of performance dimension and performance dimension generalities. Findings also revealed that the most espoused performance dimension frame is the Balanced Scorecard.

Chapter One

Preface

Background To The Study

The construction assiduity is a abecedarian profitable sector that permeates utmost of the other sectors as it transforms colorful coffers into physical, profitable and social structure necessary for socio- profitable development( Ministry of Works, 2003). In Nigeria, the assiduity occupies an important position in the frugality and has great capabilities of getting one of the biggest construction requests on the earth yet, it contributes lower than other diligence( Aibinu and Jagboro, 2002; Construction Overview, 2011). The Nigerian Construction Assiduity( NCI) is growing presto and has outgrown most sectors of the frugality yet, its donation of only3.2 to the Gross Domestic Product( GDP) is veritably low( Dantata, 2008; Construction Overview, 2011).

The performance of the construction assiduity has considerable impact on the frugality( Bon- Gang and Fan, 2010). The assiduity, encyclopedically, has been under tremendous pressure to ameliorate its performance and several calls have been made in this regard( Kulatunga etal., 2005). In Nigeria, the NCI is faced with problems similar as construction detainments, time and cost overruns, abandonment of systems at colorful stages of completion, lack of professed original labour, power deficit, attainability of accoutrements , corruption, unethical practices and lack of capacity to deliver( Aibinu and Jagboro, 2002; Dantata, 2008; Kolo and Ibrahim, 2010; Ayodele etal., 2011; Oyewobi etal., 2011). The assiduity suffers the problems of hamstrung programs and practices, weak institutions and adverse business terrain, alongside complex social and artistic practices( Aniekwu and Audu, 2010). The performance of the assiduity has been a concern to its stakeholders