GLOBAL JOURNAL OF ENGINEERING SCIENCE AND RESEARCHES STRATEGIES FOR A MEDIUM SIZED CONSTRUCTION COMPANIES TO SURVIVE THE CURRENT ECONOMIC CONDITIONS IN NIGERIA

A Ezeabasili, N Dim, B Okoro
2015 unpublished
Medium sized Construction companies in Nigeria area mostly involved both in the building of new commercial and domestic buildings. In spite of the last five years of economic downturn, signs of some medium size companies recovering from the economic recession seem bright. These companies in Nigeria are currently exploring opportunities to grow their businesses and explore competitive advantages over others by studying and improving their company's bidding efficiency, strategies for selecting
more » ... es for selecting business, bid for markup strategies, and improvement of cash flow. The impact of new technologies like BIM, e-tendering, conditions of contracts and claims management strategies are used to take advantage of some other companies that do not have such strategy. Monte Carlo solution, swot analysis and average bid methods as highlighted are also recommended as strategies to achieve a competitive bidding practice for the medium sized construction company. This study reviewed strategies that are being employed by medium sized construction in Nigeria for improving their company's bidding efficiency and successful chances. New and existing strategies were also carefully scrutinized.
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