Risk Response for Construction Projects using Procurement Methods in Abuja
Abstract
The absence of risk management techniques‘ implementation significantly contributes to the prevalence of project failures in contemporary times. This leads to deviations, persistent claims due to contractor time setbacks, and the erosion of substantial stakeholder value. This research examines risk response strategies for construction projects executed through the Design Bid Build (DBB) and Design & Build (DB) procurement methods in Abuja. The aim is to augment the comprehension and application of risk management within DBB and DB procurement methodologies. The study collected data from 150 participants, all professionals employed by companies registered with the Federation of Construction Industry (FOCI). Data analysis employed the Relative Importance Index (RII) and Mean Item Score (MIS) methodologies. The results divulged six prominent risk response techniques commonly employed in construction projects, with an average RII of 0.71. The most efficacious risk response tactics in construction projects are “Risk Mitigation/Reduction” and “Risk Acceptance,” with corresponding MIS scores of 3.94 and 3.60. For DBB procurement, “Insurance” emerged as the most effective risk sharing technique (RII = 0.81). On average, risk sharing techniques within DBB procurement prove effective in construction project acquisition (average RII = 0.70). Under the DB procurement approach, “Warranty” surfaced as the most successful risk sharing technique (RII = 0.71). On average, risk sharing techniques within DB procurement demonstrate effectiveness in construction project acquisition (average RII = 0.61). In conclusion, risk sharing and response techniques within Design Bid Build (DBB) and Design and Build (DB) procurement methods exhibit effectiveness. However, risk sharing and response techniques for DBB procurement surpass those of DB procurement in terms of efficacy for addressing risks in Abuja, Nigeria. Consequently, stakeholders are advised to consider the adoption of the DBB procurement approach to enhance the more effective management of risks in construction projects.
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