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.
Value management explicitly targets to optimize value by providing necessary
functions at the least cost without sacrificing quality and performance. However, the
activities/methods of this technique in emerging economies are here and there
related to informal methodology. Therefore, the occurrence of these activities in an
evolving economy requires investigation. The exploration of the extent to which the
measured variables influenced the latent factors informed the need for this study.
Data was retrieved via self-administered questionnaire from 344 registered and
practicing construction professionals in Nigeria. The data was analyzed using SPSS for
descriptive analysis and Structural Equation Modelling (SEM). Kaiser-Meyer-Olkin
measure of sampling adequacy revealed that the internal consistency of the
developed research instrument was appropriate. Confirmatory factor analysis
indicates satisfactory goodness of fit among acknowledged determinants of the
model. Furthermore, the study revealed three (3) phases of the activities/methods of
value management in the Nigerian construction industry which include: information,
information/function analysis, and creativity/evaluation/development/presentation
phases. This means that value management activities and methods are being
practiced in Nigeria, however not as per the typical methodology or standard. The
need to carry out the practice according to the formal value management
methodology is therefore recommended.