ECONOMIC IMPACT OF ELIGIBILITY DOCUMENTS COSTS ON BIDDING PUBLIC SECTOR PROJECTS IN NIGERIA
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Yahaya, M. L.
Babalola, A. J.
POLAC MANAGEMENT REVIEW (PMR)
This study aimed at forecasting the economic value of those eligibility document (ED) toward government revenues for a proceeding year. ED is the mandatory requirements need to be presented by any contractors or supplier to show his eligibility and capability for the project. A quantitative survey research methodology was adopted, with structured questionnaires administered to contractors in North-West Nigeria. Times series and regression analysis were employed in the analysis of the data collected. The contribution of the construction sector towards the growth of the country’s economy over the years has been affecting government revenue generation. These could be as a result of poor performance of the construction industry in the implementation of infrastructural projects among others. Thus, results show a significant contribution of approximately ₦5.2billion by the sector through those ED. The study concluded that the sector contributes towards the economic growth of the Nigerian GDP, but more is required by addressing the associated challenges that surrounded the sector as well as the business environment, such as conducive business environment, taxes holiday and more development projects initiated from the government in it budget appropriation. The study recommends easy access of actors in the Building and Construction sector to credit facility with less interest rate.
Construction Industry , Economy , Eligibility Documents , Forecasting , Index , Revenue , Research Subject Categories::TECHNOLOGY
Yahaya, M. L., Babalola, A. J. and Sani, M. (2021). Economic Impact of Eligibility Documents Costs on Building Public Sector Projects in Nigeria. Polac. Management Review (PMR), Vol. 1, No. 1, pg. 1-11.