Selecting a contractor for construction project is a difficult decision to be taken by a client because it may lead to construction delivery problems or successful delivery of the project. This study, therefore, inves...Selecting a contractor for construction project is a difficult decision to be taken by a client because it may lead to construction delivery problems or successful delivery of the project. This study, therefore, investigated the contractor selection criteria in the Ghanaian construction industry, considering the benefits and challenges. A quantitative research method was adopted in this study through the use of a questionnaire. The target population for the study consisted of registered contractors and consultants in the Ashanti and Brong-Ahafo regions of Ghana. It was found that though the construction professionals are well vested with the prequalification selection criteria that are being used within the Ghanaian construction industry, they were not familiar with multi-criterial section methods. It was also found that the benefits of the contractor selection criteria include: enabling the client to select contractors who are performers for the project, saving the project owner a lot of time, minimizing the possibility of contractor default, and facilitating the achievement of project success and the objectives within the scheduled time. Furthermore, excessive cost and time overrun, poor quality standard, imprecise assessments due to lack of information, criteria being very complex and difficult to apply in practice, among others were identified as the challenges to the contractor selection criteria in Ghanaian construction industry. The study recommends for further studies to determine the impact of the identified challenges on construction projects, and ways to minimize the challenges.展开更多
On January 11th,2007 the price ofWTI (West Texas intermediate) crudeoil futures dropped to the lowestpoint of US$51,9 per barrel sinceJune 2005.The National Develop-ment and Reform Commission(NDRC) issued a notice on ...On January 11th,2007 the price ofWTI (West Texas intermediate) crudeoil futures dropped to the lowestpoint of US$51,9 per barrel sinceJune 2005.The National Develop-ment and Reform Commission(NDRC) issued a notice on January14th,2007 deciding to reduce theprice of gasoline by RMB220 per tonto RMB4 980 per ton from the sameday.The ex-factory price of aviationkerosene was also down by RMB90per ton.It is the first downward re-adjustment to the price of oil prod-ucts since May 2005.Factors for readjustments to theprice of oil Products include展开更多
文摘Selecting a contractor for construction project is a difficult decision to be taken by a client because it may lead to construction delivery problems or successful delivery of the project. This study, therefore, investigated the contractor selection criteria in the Ghanaian construction industry, considering the benefits and challenges. A quantitative research method was adopted in this study through the use of a questionnaire. The target population for the study consisted of registered contractors and consultants in the Ashanti and Brong-Ahafo regions of Ghana. It was found that though the construction professionals are well vested with the prequalification selection criteria that are being used within the Ghanaian construction industry, they were not familiar with multi-criterial section methods. It was also found that the benefits of the contractor selection criteria include: enabling the client to select contractors who are performers for the project, saving the project owner a lot of time, minimizing the possibility of contractor default, and facilitating the achievement of project success and the objectives within the scheduled time. Furthermore, excessive cost and time overrun, poor quality standard, imprecise assessments due to lack of information, criteria being very complex and difficult to apply in practice, among others were identified as the challenges to the contractor selection criteria in Ghanaian construction industry. The study recommends for further studies to determine the impact of the identified challenges on construction projects, and ways to minimize the challenges.
文摘On January 11th,2007 the price ofWTI (West Texas intermediate) crudeoil futures dropped to the lowestpoint of US$51,9 per barrel sinceJune 2005.The National Develop-ment and Reform Commission(NDRC) issued a notice on January14th,2007 deciding to reduce theprice of gasoline by RMB220 per tonto RMB4 980 per ton from the sameday.The ex-factory price of aviationkerosene was also down by RMB90per ton.It is the first downward re-adjustment to the price of oil prod-ucts since May 2005.Factors for readjustments to theprice of oil Products include
