TIMELY DELIVERY OF PROJECTS AND ECONOMIC DEVELOPMENT IN NIGERIAN CONSTRUCTION INDUSTRY: A CASE STUDY OF ONDO STATE

Purpose: The relationship between timely delivery of construction projects success and economic development in Nigerian construction industry involves managing the resources— workers, machines, money, materials and methods used. Some projects are effectively and efficiently managed while others are mismanaged, incurring much delay and cost overruns and negatively affecting the economy. This paper assessed the relationship between timely delivery of construction projects and economic development in Nigerian construction industry. Design/methodology/approach: Survey design was adopted to collect data from professionals from the study area. Questionnaires were administered to construction professionals in Ondo state which include Architects, Builders and Quantity Surveyors. The quantitative research method was adopted for this study and the adopted questionnaire was structured on a five-point Likert scale to elicit the opinion of respondents on timely delivery of projects and economic development in the Industry. Spearman correlation coefficient was used for assessing the relationship between timely delivery of construction projects and economic development. Findings: It was evident from the study that there is slightly high relationship between timely delivery of construction projects and economic development within Nigerian construction industry with the highest degree being 55.1% and lowest as 31%. The findings revealed that timely delivery of construction projects tends to increase economic growth in the study area. Originality/value: This study recommends that there should be proper planning of a project before the commencement of the construction so every activity can go smoothly and the project can be delivered on time. Likewise, contractors should be familiar with the site of the construction so they can have knowledge of the topography so there would not be problem of unforeseen ground conditions.