Influence of supply chain management practices on building construction projects in Lagos State

This study investigates with empirical data, the influence of supply chain management practices on building development projects undertaken by estate firms in Lagos State. Structured questionnaires were administered to principal officers of the 200 firms of estate surveying and valuation in the state while 136 were returned completed constituting 68.0% rate of response. Uni-variate analysis was performed to present the profile of the respondents while further analysis carried out with correlation regression analysis. Pearson correlation coefficient was used to establish the relationship among the aspects of SCM practices and efficiency of the firms while linear regression analysis was used to investigate the strength of the relationships. Results revealed that the p-value of the independent variables are all less than 0.05, signifying that these variables are all significant to SCM practices, hence the efficiency of the firms. Moreover, the correlation coefficient indicates a varying degree of positive and direct relationship between the SCM aspects and productivity. The results of the regression analysis showed among others that although the six integral components of the SCM practices are all significant, only the primary supply chain and human resource supply chain currently have the highest contributory capacity (61.8% and 54.4% respectively) to the firms’ productivity while the ICT, finance and payment, mutual trust among stakeholders each had less or weak impact on the firms’ productivity. The study concluded by suggesting that estate firms strengthen these aspects of the firms’ SCM practices to improve productivity

Performance of Build-operate-Transfer Projects: Risks' cost implications from professionals and concessionaires perspective

Determining cost implication of risk factors on performance of Build Operate Transfer (BOT) projects is a major focus of this study. One-hundred and seventeen structured questionnaires were used to collect information randomly from the respondents which made up of professionals such as Builder, Architect, Quantity surveyor and Civil engineer. Content analysis was carried out on the responses for validation; data were further analyzed with Mean Item Score using Risk Mean Index and validated with regression analysis. Meanwhile, the most common risk to all the projects executed are inflation, variation to works, change in government policy and fluctuating nature of foreign exchange with inflation being the highest on rating scale of 0.1 to 1.0 with corresponding cost implications and years. Against the background of the research outcome therefore, cost and time is used in this context as a model typifying the extent of risk implication experienced on the projects

Influence of supply chain management practices on building construction projects in Lagos State

This study investigates with empirical data, the influence of supply chain management practices on building development projects undertaken by estate firms in Lagos State. Structured questionnaires were administered to principal officers of the 200 firms of estate surveying and valuation in the state while 136 were returned completed constituting 68.0% rate of response. Uni-variate analysis was performed to present the profile of the respondents while further analysis carried out with correlation regression analysis. Pearson correlation coefficient was used to establish the relationship among the aspects of SCM practices and efficiency of the firms while linear regression analysis was used to investigate the strength of the relationships. Results revealed that the p-value of the independent variables are all less than 0.05, signifying that these variables are all significant to SCM practices, hence the efficiency of the firms. Moreover, the correlation coefficient indicates a varying degree of positive and direct relationship between the SCM aspects and productivity. The results of the regression analysis showed among others that although the six integral components of the SCM practices are all significant, only the primary supply chain and human resource supply chain currently have the highest contributory capacity (61.8% and 54.4% respectively) to the firms’ productivity while the ICT, finance and payment, mutual trust among stakeholders each had less or weak impact on the firms’ productivity. The study concluded by suggesting that estate firms strengthen these aspects of the firms’ SCM practices to improve productivity

An Examination of the Factors Affecting Residential Property Values in Magodo Neighbourhood, Lagos State

Lagos State is steadily emerging a multi-nuclei metropolis giving rise to a number of business hubs and real estate submarkets. Notwithstanding, investment and return on property are normally adjudged as more juicy in some neighbourhoods such as Ikoyi, Victoria Island, Lekki-axis, Ikeja, Apapa, Isale Eko and Amuwo Odofin. Obviously, these neighbourhoods share similar characteristics in that they are at the centre of Lagos State business activities, the home to many industrial establishments, headquarters of several business formations, the destination of early morning traffic rush from various parts of the State. The relationship among accessibility, property values and land use patterns has been the pre-occupation of earliest theorists with indication that travel costs were traded off against rents, population densities and distances from the Central Business District. This study assesses the veracity of this proposition in Magodo neighbourhood property market and the impact of other factors such as locational, structural and neighbourhood characteristics. A total of 232 questionnaires were distributed to two study groups, the estate surveyors and valuers and Magodo residents. Response were presented and analysed with tables, percentages and relative importance index. It was found amongst other things that travel distance and cost does not affect residential property value as others factors do. It was recommended that property investors should consider those attributes that significantly affect property values while government should endeavour to harness development potentials in the study are

Performance Assessment of Partnership Estate Surveying and Valuation Firms in Lagos State, Nigeria

This study advances the understanding of the relationship between firm size and performance on partnership formation and sustainability in the profession of Estate Surveying and Valuation in Nigeria. It has been argued in different literatures that size is positively related to performance for some categories of firms but negatively related in some other cases. This study examines the opinion of both the sellers and buyers of real estate services on the subject. Questionnaires were administered to 68 respondents selected from sole proprietorship estate firms, partnership estate firms and commercial banks in Lagos Metropolis. Data were presented and analysed with frequency tables, percentages, 4-point Likert scale and relative importance index. Findings reveal that the performance assessment criteria used by the sellers differ from those engaged by the buyers and that partnership estate firms record better performance from both side. It was further revealed that the overall performance assessment score partnership better than sole proprietorship estate firms. It is therefore concluded that performance could not have been a factor militating against partnership formation and sustainability in Estate Surveying and Valuation in Nigeria. The study suggest that prospective partners and the Nigeria Institution of Estate Surveyors and Valuers should come up with ethics and code of practice particular to partnership whereby erring partners face disciplinary action at the institution and compelled to compensate the other partner(s) and the firm by forfeiting certain benefits

A Critique of Real Estate Agency in Nigeria: Policy, Pedagogy and Practice

Real estate agency in Nigeria is confronted with various challenges that border on ethics and conduct in practice. This study assessed this situation by undertaking a tripartite review of the policy framework, pedagogy and practice of real estate agency. The position of policy on the practice of real estate agency was examined alongside pedagogic approach to training and issues of ethics in the practice. Questionnaires were used for data collection while relevant policy documents and extant literatures were also reviewed. Respondent groups include the thirty-five final year students of the Department of Estate Management Covenant University as well as the principal officers of fifty-two practicing Estate Firms in Ikeja, Lagos State, Nigeria. Data were analysed with 5-Point Likert scale and mean score and subsequently ranked while Paired Sample T-Test was used to compare and establish if there is significant difference between the opinions of the study groups about the adequacy of real estate agency training in tertiary institutions. It was found among others that the pedagogic approach was inadequate in terms of period of delivery. It was also found that agency was not properly grafted into real estate profession while issues relating to ethics, misconduct and conflicts are rife among practitioners. In addition, it was found that institutions’ intervention mechanism in ethics and misconduct among practicing surveyors is weak and ineffective. The study therefore suggests improvement in pedagogic approach, amendment of existing policy to re-define and enshrine real estate agency in real estate profession thereby making it exclusive preserve of qualified practitioners. It also recommends empowering institutions’ intervention mechanisms for a more effective monitoring

Impacts of Gated Communities on Residential Property Values: A Comparison of ONIPETESI Estate and Its Neighbourhoods in IKEJA, Lagos State, Nigeria

There has been a considerable growth of interest in recent years surrounding the emergence of gated communities. This study examined the impact of gated communities on residential property values by comparing Onipetesi Estate and Idi-Mangoro neighbourhood. While questionnaire was administered on the 230 residents of Onipetesi Estate, 40 copies were administered on the Estate Surveying and Valuation firms managing properties within Onipetesi Estate and Idi-Mangoro neighbourhood. A total of 134 (58.26%) and 25 (62.5%) copies of the questionnaires were retrieved from the residents and Managing Agents respectively. In analysing the data collected for this study, descriptive statistics was adopted. The study revealed that residential properties within Onipetesi Estate are more expensive than that of Idi-Mangoro. The study further revealed that the quest for security of life and properties is a major factor attracting people to the estate. In terms of economic sustainability, gated communities provide good basis for improving the standard and quality of valuation of residential properties, however both environmental and social sustainability should be given equal recognition, especially with the various criticisms leveled against gated communities in terms of their sustainability contribution to urban growth

Cost of Urban Rental Housing and its Implications on Home Ownership Drive of Middle and Low-Income Earners in Lagos State, Nigeria

The quantitative and qualitative housing challenges especially among the middle and low income groups in Nigeria have continued to constitute a source of concern to all. Over the years, different studies have examined the situation and attributed the problem to the inability of government to provide housing enmasse, lack of access to capital, low income and high costs of procurement of available ones. This study advances knowledge by focussing on renters and taking a closer look at the overall cost of rental housing and its effect on renter to owner’s efforts. Renters’ population is on the increase in major urban centres with reduced capacity for home acquisition. This study examines household spending pattern, identifies other costs incidental to rental housing consumption and how they affect renters’ home acquisition drives’. Questionnaires were administered to 750 renters randomly selected from three local government areas in Lagos State. Data collected were subsequently analysed with descriptive tools such as tables, percentages, relative importance index and a 5-point likert scale. It was discovered that apart from rent, other costs incidental to rental housing consumption significantly reduces renters’ savings capacity. The study therefore suggests that these other costs be examined critically and treated appropriately. They could be stabilised, subsidized, eradicated or totally shouldered by the government

The Nexus of Climate Change, Urban Infrastructure and Sustainable Development in Developing Countries

This study weighed in on the topical issue of climate change disasters and sustainable urbanization in developing countries. Climate change is a global challenge and burning discourse at many national and international fora. The study ruminates on the lot and plight of cities and peri-urban communities in developing countries amidst the rising concern over climate change pattern and hazards. Scoping review of relevant literatures was used for the research method. Specifically, studies relating to the basic concept, that is climate change, urban infrastructure and sustainable development were reviewed qualitatively in order to present the viewpoint of the current study. The study scrutinized the threats of climate change across the globe as well as the implications for dwellers in developing countries like Nigeria. The process of urbanization and the state of infrastructure were also highlighted. Vulnerability of urban settlements in terms of infrastructure shortage was brought to the fore in order to enhance their preparedness and capacity to withstand the pangs of extreme weather events. The study concluded by advocating positive urbanization in developing countries which is the essence of sustainable development of human settlements