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Business Structure of Indigenous Firms in the Nigerian Construction Industry

Author

Listed:
  • Sunday Julius Odediran

    (Froyeg Consult, Nigeria)

  • Busayo Funmilola ADEYINKA

    (Obafemi Awolowo University, Nigeria)

  • Oladele Ayinde OPATUNJI

    (Federal Polytechnic, Ede Osun State, Nigeria)

  • Kolawole Opeyemi MORAKINYO

    (Caleb University, Lagos, Nigeria)

Abstract

The roles of contracting firms in construction industry cannot be overemphasized and their structure is a function of performance and output in the industry. Sets of questionnaire were administered on construction professionals working within the contracting firms. Data obtained was analyzed using descriptive statistic (mean ranking). The study found out that the firms are medium-size firms, engaged in building construction and cannot finance projects independently prior to client financial contribution (mobilization fee). Their activities are limited to their locality and rarely get bank loans. They do not have share capital and therefore could not fund project from company capital base.

Suggested Citation

  • Sunday Julius Odediran & Busayo Funmilola ADEYINKA & Oladele Ayinde OPATUNJI & Kolawole Opeyemi MORAKINYO, 2012. "Business Structure of Indigenous Firms in the Nigerian Construction Industry," International Journal of Business Research and Management (IJBRM), Computer Science Journals (CSC Journals), vol. 3(5), pages 255-264, October.
    • Handle: RePEc:aml:intbrm:v:3:y:2012:i:5:p:255-264
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    File URL: https://www.cscjournals.org/manuscript/Journals/IJBRM/Volume3/Issue5/IJBRM-115.pdf
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    References listed on IDEAS

    as
    1. Olugboyega Adams, 1997. "Contractor development in Nigeria: perceptions of contractors and professionals," Construction Management and Economics, Taylor & Francis Journals, vol. 15(1), pages 95-108.
    2. Akintola Akintoye, 2000. "Analysis of factors influencing project cost estimating practice," Construction Management and Economics, Taylor & Francis Journals, vol. 18(1), pages 77-89.
    3. Adnan Enshassi & Sherif Mohamed & Peter Mayer & Karem Abed, 2007. "Benchmarking masonry labor productivity," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 56(4), pages 358-368, May.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Ademilade Aboginije & Clinton Aigbavboa & Wellington Thwala, 2021. "A Holistic Assessment of Construction and Demolition Waste Management in the Nigerian Construction Projects," Sustainability, MDPI, vol. 13(11), pages 1-14, June.

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    More about this item

    Keywords

    Indigenous Contractor; Construction Industry; Performance and Output; Nigeria;
    All these keywords.

    JEL classification:

    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General

    Statistics

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