Exploratory Study on the Adoption of Value Management for Sustainable Construction Project Development in Nigeria

Abstract

The quest for maximum value for money in the execution of Nigerian construction projects is pertinent considering dearth of project resources. The adoption of value management (VM) leads to the optimization of construction resources. Value Management practice is predicated on meeting the objectives of time, cost and quality criteria. This study assesses the level of awareness, the level of adoption, as well as the prospects and challenges of Value Management in the Nigerian Construction industry in selected North Central states. The methodology of the study involved descriptive survey research in which structured questionnaires were purposively administered to a study population of construction industry stakeholders in the states of Niger, Nassarawa, Kogi and the Federal Capital Territory. Data obtained was analysed using descriptive and inferential statistical methods, and based on 74% response rate. Findings from the study revealed a low awareness (22%), general low level of VM adoption (25%) in construction project development cycle in Nigeria, especially at the design stage (15%) and post construction stage (3%). The study also revealed increased engagement of project team members (WT – 251, R - 1) as a major prospect of VM and further revealed that lack of adequate inclusion of VM in tertiary education curriculum/lack of strong advocacy by built environment professional bodies (WT – 277, R-1) constitute a major challenge to the adoption of VM in Nigeria. The study recommends increased awareness of VM through government policies, academic curriculum emphasis, and capacity building by professional bodies for sustainable and functional construction development in Nigeria.