Journal of Emerging Trends in Economics and Management Sciences: Home

Abstract:
This paper determined the causes and effects of abandonment of projects in Nigeria. Structured questionnaires were distributed to Quantity Surveyors, Civil Engineers, Architects, Builders, and Contractors that have practiced in the South Western Nigeria (Ondo, Osun, Ogun, Ekiti, Oyo, and Lagos States)for at least ten years. The sixty-two well completed questionnaire formed the basis of the study and were analyzed by the Relative Importance Index (R.I.I.). The result from the study showed the causes of project abandonment as inadequate project planning; inadequate fund, inflation, bankruptcy of Contractor, variation of project scope, political factor, death of client, incompetent project manager, wrong estimate, inadequate cost control, faulty design and delayed payment. Effects of project abandonment from the study are disappointment of the populace/users, low living standard, wastage of resources, reduction in employment opportunities, decrease in tempo of construction activities, decrease in revenue accruing to government, difficulty in attracting foreign loans. To drastically reduce these negative effects; clients should undertake adequate project planning, possess enough fund for the project, engage contractor that have strong financial stand for their project. Architects should once and for all at inception produce detailed design dictated by the cost plan prepared by the Quantity Surveyor who does the cost control from inception to completion of project. Client should form the habit of making payment to contractors promptly as at when due. The Government should also make strong efforts to reduce inflation and when there?s change of administration, previously commenced project should not be abandoned

Keywords: Project abandonment, project planning, project financing, political factor, cost plan, standard of living

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