An Overview of Nigerian Indigenous Small Scale Contractors Performance of Risk Management in Building Production Process

Abstract

The process of producing a cumbersome is amber same one It often involve borrowed money, purchase and transportation of materials and equipment, numerous site activities and professionals inputs ranging from designing to site supervision. Each of these parameters is risk laden, and such risks must either be avoided, transferred or mitigated. A study of twenty nine (29) indigenous contractors was carried out within Ekiti State, Nigeria to investigate and identify how far they have fared in the performance of risk management on building projects. This investigation has revealed that most of them were never aware of what is called Risk Management, while a few ones have the awareness but never practiced it, except when a contract condition compelled them to put one thing or the other in place. In view of this finding there is urgent need for extensive education and training both formal and informal in the form of workshops and conferences for contractors in Nigeria; as building production process is becoming more sophisticated.