Practices of Performance Measurement of Construction Firms in Abuja, Nigeria.

Abstract

Performance measurement is an important way of keeping firm on track in achieving its strategic objectives. However, there are construction firms who do not measure their performances. This attitude delivery of their products. The paper aimed at investigating the current practices of performance measurement of construction firms in Abuja and determine the extent at which the construction firms used the performance measurement frameworks in measuring performance. In achieving this aim, twenty construction firms in Abuja were sampled randomly, purposive sampling was used to sample the respondents in these firms. A total number of eighty (80) questionnaires were distributed. Seventy-two (72) questionnaires were retrieved. The opinions of the respondents were sampled using Likert scale of 5- 1 starting from very high extent to low extent. Simple percentage analysis was used to determine the current practice of performance measurement of sampled construction firms. 30% agreed that they practice performance measurement to a very large extent, the remaining 70% are either practicing rarely or not practicing at all. The paper recommended adequate understanding of performance measurement by all staff in construction firms and enforcement of implementation of performance measurement in construction firms by the stakeholders.