Road project termination and rebidding strategies in Nigeria

Abstract

Purpose

This paper aims to identify and examine valid project termination reasons and the rebidding strategies of road construction project. Rebidding strategies is one of the measures to restructure terminated/troubled road construction project.

Design/methodology/approach

An instrument which comprised 82 items entitled “Project Termination and Rebidding Strategies in Road Construction Projects in Nigeria” (PTRS) was developed to evaluate 60 randomly sampled road projects using qualified project/site managers and engineers as project respondents for the purpose of securing valid information on the terminated and rebid road construction projects. Mean, standard deviation and factor analysis shall be used as analytical tools in identifying valid termination reasons and rebidding strategies and as well as the relationship between them through regression analysis.

Findings

The paper’s findings revealed major project termination reasons and rebidding strategies. It further indicated significant relationship between variables which constitutes project termination reasons and rebidding strategies through regression analysis.

Practical implications

The outcome of the paper could be of immense benefits during the procurement phase of public project, especially regarding road construction. Stakeholders involved in the road procurement should seek relevant information concerning the road project reprocurement from the expert prior to contractual obligations.

Originality/value

Major challenges confronting the road construction project involve inappropriate procurement practices which frequently culminate into late deliveries of project. Rebidding strategies serve as a model through which cost, time and quality needs of the project client can be reassured in restructuring a terminated/troubled project.

Citation

Udofia, W.U., Hadikusumo, B.H.W. and Santoso, D.S. (2015), "Road project termination and rebidding strategies in Nigeria", Journal of Financial Management of Property and Construction, Vol. 20 No. 3, pp. 208-234. https://doi.org/10.1108/JFMPC-06-2015-0020