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Berkeley, D, Humphreys, P C and Thomas, R D (1991) Project risk action management. Construction Management and Economics, 9(01), 3-17.

Enshassi, A and Burgess, R (1991) Managerial effectiveness and the style of management in the Middle East: an empirical analysis. Construction Management and Economics, 9(01), 79-92.

Low S P (1991) World markets in construction I: a regional analysis. Construction Management and Economics, 9(01), 63-71.

Low S P (1991) World markets in construction II: a country-by-country analysis. Construction Management and Economics, 9(01), 73-8.

Ofori, G (1991) Programmes for improving the performance of contracting firms in developing countries: a review of approaches and appropriate options. Construction Management and Economics, 9(01), 19-38.

Okpala, D C (1991) Evaluation and selection of construction projects in Nigeria. Construction Management and Economics, 9(01), 51-61.

  • Type: Journal Article
  • Keywords: evaluation; investment; project; selection;
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446199100000005
  • Abstract:

    Investors in the Nigerian construction industry were surveyed in four major towns in southern Nigeria in order to collect data on the evaluation and selection criteria employed when investing in construction. Their responses were analyzed based on type of developer, i.e. Individuals, companies or government agencies. The net present value (NPV), discounted cash-flow (DCF) and payback method were identified as the three most significant methods for evaluating construction projects. Of the developers surveyed, about 19% undertook risk analysis, whereas 81% allowed for risk by multiplying by a factor whose value varies. There was closer agreement between individual investors and companies on the priorities accorded to different factors when evaluating and selecting projects, than between government agencies and any of the other two. The availability of capital was considered of utmost importance by all the investors surveyed.

Skibniewski, M J (1991) Information management system for new construction technologies. Construction Management and Economics, 9(01), 39-49.