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Abisuga, O A, Ogungbemi, A O, Akinpelu, A A and Oshodi, O S (2017) Assessment of building maintenance projects success factors in Lagos, Nigeria. Journal of Construction Business and Management, 1(1), 29-38.
Adu, E T, Lamptey-Puddicombe, A D and Opawole, A (2020) Consultants' perspectives of survival strategies for small and medium construction firms at infancy stage. Journal of Construction Business and Management, 4(1), 34-47.
Aghimien, D O, Awodele, O A and Maipompo, C S (2019) Organisational commitment of construction skilled workers in selected construction firms in Nigeria. Journal of Construction Business and Management, 3(1), 8-17.
Aiyetan, O A (2019) Influence of the management styles and quality of management on project delivery. Journal of Construction Business and Management, 3(1), 38-44.
Akintola, B F, Jagboro, G O, Ojo, G K and Odediran, S J (2020) Effectiveness of mechanisms for enforcement of ethical standards in the construction industry. Journal of Construction Business and Management, 4(1), 1-12.
Alade, W A (2020) Environmental and socio-economic impacts of Ojodu-Berger road upgrade, Lagos, Nigeria. Journal of Construction Business and Management, 4(1), 24-33.
Anugwo, I C, Shakantu, W, Saidu, I and Adamu, A (2018) Potentiality of the South African construction SMME contractors globalising within and beyond the SADC construction markets. Journal of Construction Business and Management, 2(1), 41-9.
Ayegba, C (2018) Duties and required competencies of a management contractor. Journal of Construction Business and Management, 2(1), 1-9.
Dada, J O and Bamigboye, G O (2021) Diagnosing the causes of quackery in quantity surveying practice in Lagos state, Nigeria. Journal of Construction Business and Management, 5(1), 28-37.
Dosumu, O (2018) Assessment of the likelihood of risk occurrence on tendering and procurement of construction projects. Journal of Construction Business and Management, 2(1), 20-32.
Joseph, S, Ralwala, A, Wachira-Towey, I and Mutisya, E (2023) Sustainable construction transition (SCT) policy regime in Kenya. Journal of Construction Business and Management, 6(1), 1-16.
Kukoyi, P O and Smallwood, J J (2017) A qualitative study of health and safety construction practices in Lagos. Journal of Construction Business and Management, 1(1), 1-7.
Mambwe, M, Mwanaumo, E M, Phiri, F and Chabota, K (2020) The construction subcontracting policy framework for developing local contractors capacities in Zambia. Journal of Construction Business and Management, 4(1), 60-70.
Musa, M M, Saleh, I M, Ibrahim, Y and Dandajeh, M A (2023) Assessment of awareness and barriers to the application of lean construction techniques in Kano State, Nigeria. Journal of Construction Business and Management, 6(1), 33-42.
Mwanaumo, E M and Mambwe, M (2019) Effect of management strategies in entrenching organisational safety culture in the electricity industry of Zambia. Journal of Construction Business and Management, 3(1), 27-37.
Obiefuna, J N, Omojola, A, Adeaga, O and Uduma-Olugu, N (2017) Groins or not: Some environmental challenges to urban development on a lagos coastal barrier island of Lekki peninsula. Journal of Construction Business and Management, 1(1), 14-28.
Odiba, E, Demian, P and Ruikar, K (2021) Development of a conceptual framework for effective quality management practices in construction organisations. Journal of Construction Business and Management, 5(1), 1-16.
Ogunbayo, O T (2019) Respondents’ perception of risk factors on residential property development in abuja, Nigeria. Journal of Construction Business and Management, 3(1), 18-26.
Ogwueleka, A C and Ikediashi, D I (2021) Exploring the effects of positive organizational behaviour models on occupational eustress amongst construction employees. Journal of Construction Business and Management, 5(1), 38-46.
Oladiran, O J, Bayewun, A A and Aderogba, A M (2021) Awareness and usage of environmental waste management practices of contractors on construction sites. Journal of Construction Business and Management, 5(1), 17-27.
Oladiran, O J, Ogunsanmi, O E and Dada, M O (2019) Frameworks for material waste minimization on Nigerian building projects. Journal of Construction Business and Management, 3(1), 45-61.
Olusanya, O A (2018) Subcontracting systems and social protection in the informal building construction industry in Lagos, Nigeria. Journal of Construction Business and Management, 2(1), 10-9.
Oluwatayo, A A, Amole, D and Alagbe, O (2019) Firm attributes and performance: A study of architectural firms in Nigeria. Journal of Construction Business and Management, 3(1), 1-7.
Saidu, I, Shakantu, W, Adamu, A and Anugwo, I (2017) A bespoke approach for relating material waste to cost overrun in the construction indsutry. Journal of Construction Business and Management, 1(1), 39-52.
Simukonda, W and Kamwela, N (2021) The management of theft and vandalism on construction jobsites in the Southern Region of Malawi . Journal of Construction Business and Management, 5(1), 47-59.
Ssegawa, J K, Rwelamila, P D and Mogome, M G (2020) The challenges of closing construction projects final accounts in Botswana local authorities. Journal of Construction Business and Management, 4(1), 13-23.
- Type: Journal Article
- Keywords: document analysis; final account; financial management; focus group; questionnaire survey
- ISBN/ISSN: 2521-0165
- URL: https://journals.uct.ac.za/index.php/jcbm/article/view/775
- Abstract:
Anecdotal information in the construction industry in Botswana indicated that the process of closing financial accounts for construction projects within a stipulated period is inefficient and ineffective. This is a serious industry problem because a project with an unclosed account is not a successful project as there are unfinished issues and claims left in abeyance to the detriment of both the client and contractor. This motivated a study aimed at investigating this aspect, including identifying the major causes of delays in formally closing final accounts of construction projects in local authorities. A multimethod approach consisting of a review of project documents which were beyond the end of the defect liability period were used in the study. Also, a questionnaire survey was administered to parties dealing with construction projects in the selected local authorities. Lastly, a focus discussion was held with key stakeholders who implement projects in some selected local authorities. Results indicated that while the final account closure process was inefficient (as only 42% of the accounts which were closed were finalised in the stipulated contractual time). Secondly, it was marginally effective (as only 54% of the sampled project accounts were closed). Common reasons for inefficiency and ineffectiveness include (i) contractors abandoning the project when they realise that the cost of rectifying the defects far exceeds the outstanding balance; (ii) clients taking too long to agree and approve final accounts; and (iii) loss of information when key personnel leave the project on the contractor’s side before the final account is finalised. Despite the limitation of considering a selected number of local authorities’ projects, the findings have confirmed anecdotal information circulating in the industry about the substantial numbers of project accounts that are usually left unclosed. The following recommendations based on the study results are made. That all adopted contract conditions be modified to focus on nipping the challenge in the bud as well as deterring instrument to future defaulters. The suggested modification: "it shall be mandatory for contractors to bring the project under tender to a formal closure through final account documentation within a specified period, defaulting contractors to be blacklisted from future contract awards in Botswana LAs". Ordinarily, since contractors can hardly suffer financial losses, the paper suggests that consultants and clients should objectively entertain contractors’ claims arising from defects rectifications in the liability period. This is provided such defects were neither caused by poor materials nor are traceable to poor workmanship. These hopefully will mitigate the challenge, if followed.
Tembo, M, Mwanaumo, E M u and Kahanji, C (2023) An investigation into construction tender-price inflation. Journal of Construction Business and Management, 6(1), 17-32.
Tente, P, Misheng'u Mwanaumo, E and Didibhukut Thwala, W (2023) Sources and control measures of crystalline silica dust in a road and building project in Zambia. Journal of Construction Business and Management, 6(1), 43-52.
Tshehla, M F and Mukudu, E (2020) Addressing constraints for effective project finance for infrastructure projects in emerging economies: the case of Zimbabwe. Journal of Construction Business and Management, 4(1), 48-59.
Waziri, B S (2018) Pareto analysis of critical risk factors of build operate and transfer projects in Nigeria. Journal of Construction Business and Management, 2(1), 33-40.
Windapo, A, Odediran, S, Moghayedi, A, Adediran, A and Oliphant, D (2017) Determinants of building construction costs in South Africa. Journal of Construction Business and Management, 1(1), 8-13.