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A Quantitative Assessment of Risk Management Practices of General Contractors in Nigeria

Ejohwomu, I. J. and Hammond, F. and Shofoluwe, M. and Ejohwomu, O. A. and Akinwumi, I. I. (2013) A Quantitative Assessment of Risk Management Practices of General Contractors in Nigeria. In: Second International Conference on Infrastructure Development in Africa, March 14-16, 2013, Johannesburg.

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The need for contractor risk management practices in the construction industry cannot be overemphasized. There exist a strong correlation between ineffective risk management practices and underlying causes of accidents. This scoping study was conducted to quantitatively assess the risk management practices of contractors and subcontractors operating in Nigeria. A literature review was first conducted to identify and categorise different risk management practices on and off a construction site. The population for the study was determined using stratified random method of sampling. A total of 150 questionnaires were administered over a twelve month period. Emerging findings suggest that clients and contractors are risk averse even though they claimed to have formal written procedures for risk management. Consequently, their awareness of the importance of risk management in construction business is more of lip services.

Item Type: Conference or Workshop Item (Paper)
Subjects: T Technology > TA Engineering (General). Civil engineering (General)
Divisions: Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User: Engr. Isaac Ibukun Akinwumi
Date Deposited: 31 Dec 2014 12:19
Last Modified: 31 Dec 2014 12:19

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