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Appraisal of Fixed-Sum Contracts on the Time Preference of Tetfund Sponsored Building Projects in Public Universities in South East Nigeria
Author: Nnadi, Ezekiel and 2Ilo, Winnie Nneka; and 3Nwagbara, Augustine
Publisher: NEWPORT INTERNATIONAL JOURNAL OF ENGINEERING AND PHYSICAL SCIENCES
Published: 2023
Section: School of Engineering and Applied Sciences
Abstract
The construction industry faces significant delays, particularly in developing countries like Nigeria. Tertiary institutions,
including universities and polytechnics, are often funded by various entities. A study evaluating the impact of fixed-sum
building contracts on the time performance of TETFund-sponsored projects in Enugu State found that none of the
specified project durations were completed within the stipulated time. This violation of TETFund guidelines allowed for
nonchalance by all stakeholders involved in the projects. The study recommends that stakeholders in the building team
take responsibility for ensuring projects are delivered within the specified duration, as previous intervention projects
were not completed