Notably in the construction industry, procurement is evidently important and cannot be played down because it constitutes every phase of a project delivery system. The low-bid system has remained the most popular procurement system globally. In Nigeria, it lacks transparency and accountability. Therefore, the Nigerian Procurement system has shown a need to be stabilised by shifting risk and control to the expert who has the duty to act in the client’s best interest by adopting “Best Value Performance Information Procurement System (BVPIPS)” in contractor selection. This paper aims at identifying factors that can hinder the implementation of this innovative procurement system and their relative influence. A total 314 questionnaires were distributed to 5 construction industry professionals in Nigeria they are: Architects, Quantity Surveyors, Civil Engineers, Builders and Services Engineers. The data collected were presented and analysed using: cross tabulation, exploratory factor analysis and mean score ranking using Statistical Package for Social Sciences (SPSS) version 24 and Microsoft Excel respectively. Likert scaling was used to measure the level of agreement of the respondents. The paper found out that the social factor, political factor, procurement environment factors and the cultural factor in the construction industry ranked 1, 2, 3 and 4 respectively and which factors have a very strong relative influence on hindering the implementation of BVPIPS in the Nigerian construction industry. The implication of this study is, to help construction practitioners, researchers, academics, industry players, and other stakeholders to look into the significant issues that can hinder the implementation of PIPS in Nigeria and make better the delivery of projects in the construction industry. Therefore, these factors identified should be considered and precautionary measures taken when implementing BVPIPS in the Nigerian construction industry so as to accommodate innovative approaches such as BVPIPS to improve project delivery in Nigeria.