Vendor prequalification helps clients to ensure that construction contractors are well qualified, that services are obtained for reasonable cost, and that their projects are well organized contractually to minimize the potential for costly changes and delays. This responsibility solely rests on the shoulders of procurement officers and managers; they are responsible for prequalifying vendors by

One of the advantages of choosing a reputable building contractor or construction company is avoiding a poorly done building construction work. Poor quality of construction has been identified as one of the major reasons for building collapse. This is usually due to the engagement of services of untrained workers without proper engineering knowledge. Though it

In my last post, I shared on 6 Things to Look Out For When Hiring a Building Contractor. Well, it is not enough to employ the services of a building contractor without researching thoroughly the construction company that the contractor comes from. It is worthy to note that a good construction company delivers the best

Hiring a good contractor is the key to a successful building project. Whether it is your home, office or an even larger project, the contractor you select will determine the outcome of your original plan. It’s the contractor you pick that makes or breaks your construction project. Choosing the wrong contractor can lead to delays,

According to a recent research by PricewaterhouseCoopers (PwC), Nigeria’s real estate industry value is going to hit $13.65 Billion by 2016. Without doubt, this is a clear indication that Nigeria real estate industry is very viable. Nigeria is experiencing rapid urbanization, with an estimated annual national population growth rate of just over 2% and an

The Nigerian construction industry is highly import dependent, as a result, they are already feeling the impact of the Naira devaluation. Checkmating the effects of naira devaluation may not be controlled by contractors but they can control their response to it. In my last article on Naira devaluation and the Nigerian construction industry, I outlined

In the part 1 of this article, I pointed out the various challenges that are responsible for the housing deficits in Nigeria. As stated in that article, Nigeria with a population of about 174 million people is currently facing a national housing deficits of about 17 million units. You can read the full article by

Housing is one of the best indicators of a person’s standard of living and his place in the society. Like food and clothing, housing ranks among the 3 basic human needs. Its availability is very crucial to the welfare of every human. The performance of the housing sector is one of the yardsticks by which

In November 2014, the Central Bank of Nigeria (CBN) in reaction to the global declining oil prices and Nigeria’s dwindling international reserves, devalued the Naira from N155/$1 to N168/$1 and further to N199/$1. Since then, the whole nation has been thrown into panic with everyone wondering how the naira devaluation will impact the economy. In

In continuing our discussion on why construction projects fail and are abandoned in Nigeria, we’ll be looking at the role of project management in helping professional contractors complete construction projects on time and on budget. To forestall incomplete projects, it is recommended that all construction projects should be properly outsourced to professional contractors like us