An Investigation Into Risk Management Practices Amongst Quantity Surveyors In The Construction Industry Of Nigeria

An Investigation Into Risk Management Practices Amongst Quantity Surveyors In The Construction Industry Of Nigeria

Chapter One

Preface

Background Of The Study

volume surveying is concerned with controlling and managing construction systems. The Nigerian construction assiduity is faced with misgivings. With construction targets not being met and high rate of abandoned construction systems, there’s great need for proper threat assessment and perpetration. Managing pitfalls in construction systems have been honored as a veritably important process in order to achieve design objects in terms of time, cost, quality, safety and environmental sustainability( Mills, 2001). Project threat operation is an iterative process the process is salutary when is enforced in a methodical manner throughout the lifecycle of a construction design, from the planning stage to completion.

threat operation has come an integral process in managing construction systems. Construction design conditioning are to be well calculated in- order for the deliverable to be of great use and benefit to its stakeholders. To complete utmost construction systems on time, minimizing cost and extinctions proper threat operation ways must be employed( Tchankova, 2002). According to Mills( 2001), methodical threat operation is awaiting the unanticipated or in other words it’s a tool which helps control pitfalls in construction systems and its ideal is to introduce a simple, practical system of relating, assessing, covering and managing threat in an informed and structured way.

typically, in threat operation process, the first way will involves threat identification process which includes the prioritization process in order to identify and rank the threat grounded on its impact and soberness. threat that will have a lesser impact on a design typically will be handled first and low impact threat will be handled latterly.

Construction design platoon correspond of professional similar as the mastermind, mastermind, and the volume surveyor that will help to help and advice the customer in order to meet all the design objects in term of time, quality and cost. mindfulness and knowledge on threat operation is veritably pivotal so that they will deal with the threat duly which will directly leads to design success. Due to this script, this exploration aims to identify the position of mindfulness of construction professional specifically Nigerian volume surveyors towards threat operation. piecemeal from that, it’ll also aim to identify how threat operation being enforced in the Nigerian construction assiduity and also the implicit hedge and contenders in the perpetration of threat operation specifically from the volume surveyor’s point of view.

Statement Of The Problem

Embarking on a construction design involves taking pitfalls, as the Nigerian construction assiduity isn’t risk- free. No matter how small or simple is the design it’s still can go awry as soon as the two parties, the employer and the contractor inked a contract they’ve taken onboard the threat( Sawczuk, 1996). The individual in the construction diligence that take over colorful conditioning are miscellaneous since customer, adviser and contractors have different places and objects( flanagan, 1995). threat operation in Nigerian construction assiduity is actually not extensively being rehearsed.

According to Burchett( 2009), threat in construction, still can not be excluded, but it can be minimized, transferred or retained. still, the assiduity has a veritably poor character for managing threat, with numerous systems failing to meet deadlines and cost argents( Mills, 2001). In practice, typically in order to deal with the unanticipated event, there will be an allocation about 10 percent from the estimated cost of the proposed construction design as a contingency sum. before observation shows that the threat operation process isn’t extensively being enforced in Nigerian construction assiduity. For this reason, this exploration seeks to identify the walls and challenges for the perpetration of threat operation in the Nigerian construction assiduity.

Objects Of The Study

The end of this exploration is to probe the practice of threat operation amongst the construction interpreters specifically the volume surveyor in the Nigerian construction assiduity.

In order to achieve the end of the study, specific objects for the study are

To estimate the volume surveyor’s position of mindfulness and acceptance on Risk Management practice.

To identify the current practice of threat operation amongst volume Surveyors ’.

To examine the walls and challenges to the perpetration of threat operation in construction design from the volume surveyor’s point of view.

Exploration Questions

What’s the volume surveyor’s position of mindfulness and acceptance on Risk Management practice?

What’s the current practice of threat operation amongst Quantity Surveyors ’?

What walls and challenges face the perpetration of threat operation in construction design from the volume surveyor’s point of view?

Exploration Thesis

Ho Awareness and acceptance of threat operation practices don’t prop volume surveyors in attaining contruction design objects

Hi mindfulness and acceptance of threat operation practices aid volume surveyors in attaining construction design objects

Significance Of The Study

Findings of this study will prop Nigerian volume surveyors in appreciating the significance of espousing proper threat operation ways in their diurnal jobs. Since threat operation isn’t extensively being espoused in Nigerian construction assiduity, this exploration will help to promote the practice of threat operation among the assiduity’s players.

In addition to this, being aninter-discipline type of exploration, both the advisers and contractors and also the assiduity as a total may profit from the outgrowth of the exploration and have better understanding on threat operation.

Compass And Limitation Of Study

This exploration study will concentrate on threat operation practices espoused by volume surveyors in Uyo Local Government area of Akwa Ibom State, Nigeria. All findings and recommendations from the study are limited to findings and recommendations grounded on the chosen sample size.

In carrying out this study, the experimenter was faced with time and finance constraints, as lectures didn’t give room for further time to extend the exploration time frame. Finance on the other hand made printing, transportation to cover a wider area delicate.

Description Of Terms

Threat– This is the eventuality of losing commodity of value, counted against the eventuality to gain commodity of value.

Threat Perception– threat perception is the private judgment people make about the inflexibility of a threat, and may vary person to person

Practice– is the act of rehearsing a geste over and over, or engaging in an exertion again and again, for the purpose of perfecting or learning it, as in the expression” practice makes perfect

Volume Surveyor– a volume Surveyor( QS) is a professional working within the construction industryconcerned with construction costs and contracts.

Construction– In the fields of armature and civil engineering, construction is a process that consists of the structure or assembling of structure. Far from being a single exertion, large scale construction is a feat of mortal multitasking. typically, the job is managed by a design director, and supervised by a construction director, design mastermind, construction mastermind or design mastermind.

Threat Managemnent– is the identification, assessment, and prioritization of pitfalls followed by coordinated and provident operation of coffers to minimize, cover, and control the probability and/ or impact of unfortunate events or to maximize the consummation of openings.