Abstracts – Browse Results
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Eadie, R, Perera, S and Heaney, G (2012) Capturing maturity of ICT applications in construction processes. Journal of Financial Management of Property and Construction, 17(02), 176-94.
Famakin, I O, Aje, I O and Ogunsemi, D R (2012) Assessment of success factors for joint venture construction projects in Nigeria. Journal of Financial Management of Property and Construction, 17(02), 153-65.
- Type: Journal Article
- Keywords: construction projects; joint ventures; Nigeria; partnering; procurement
- ISBN/ISSN: 1366-4387
- URL: https://doi.org/10.1108/13664381211246606
- Abstract:
Purpose - The increasing pressure from clients and global construction trends have led the construction industry to seek better options for overcoming the emerging challenges and critical issues battling construction projects. The purpose of this paper is to assess the factors affecting the performance of partners in joint ventures construction projects in Nigeria. Design/methodology/approach - Primary data were collected through the administration of questionnaire to partners and consultants who have engaged in joint venture construction project in partnership with the Lagos State Development and Property Corporation. The data obtained were analyzed using Mean Item Score, Wilcoxon-Mann-Whitney (U-test) test, Kruskal-Wallis (H-test) test and factor analysis. Findings - The study revealed that all the factors identified were significant to the performance of partners in joint venture construction with communication, compatibility of objectives and mutual understanding among partners ranked as the most important to the performance of partners in Joint Venture Projects. A KMO value of 0.743 was also derived indicating the suitability of the data for factor analysis. Practical implications - The research could be beneficial to potential investors for deciding the factors that contribute significantly to the performance of Partners in Joint Venture Construction Projects for inclusion in the drafting of Joint Venture Agreements. The five groupings from factor analysis and their relationship will also help in developing a framework for Joint Venture Construction Projects. Originality/value - The extracted factors and values will help to identify prioritized factors which could be used as an assessment tool to evaluate the performance of partners and thus identifying areas for improvement.
Ramachandra, T and Rotimi, J O B (2012) Liquidation and its effects on construction trade creditors in New Zealand. Journal of Financial Management of Property and Construction, 17(02), 166-75.
Tran, H and Carmichael, D G (2012) The likelihood of subcontractor payment: Downstream progression via the owner and contractor. Journal of Financial Management of Property and Construction, 17(02), 135-52.
Williams, C C, Nadin, S and Windebank, J (2012) How much for cash?: Tackling the cash-in-hand culture in the European property and construction sector. Journal of Financial Management of Property and Construction, 17(02), 123-34.