AN APPRAISAL OF FACTORS AFFECTING CASH FLOW’S IN BUILDING PROJECT DELIVERY IN NIGERIA
Abstract
Appropriate cash planning techniques is necessary for adequate cost control and efficient
cash management. Contractors cannot survive in the competitive environment without
effective cash flow management. However, cash flow is the lifeline of project delivery,
deficiency in cash flow may cause failure of the project. Therefore, this study aimed at
assessing the contractor’s cash flows effect on the delivery of projects in Nigeria. Thus,
Explorative and questionnaire survey methods used to obtained data from literature and
construction professionals. Data obtained were analysed using SPSS for descriptive statistics
such as mean score and percentages. The findings of the study show that, delay payment
(AMS=3.92), delay in settling of claims (AMS=3.88), loan repayment (AMS=3.87),
consultant instruction (AMS= 3.82) and change in interest rate (AMS=3.77) are the main
factors that are affecting cash flow on projects delivery in Nigeria.Hence, contractors should
embark on project for which they have adequate fund to execute and all the claims made
should be guinea and finally, client should honour certificate of payment as when due to
avoiding improper funding of projects as well as settling verified claims within a reasonable
time frame of the projects duration.
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