Estate Management Project Topics

Causes and Remedial Measure of Reactivation of Abandoned Building in Nigeria

Causes and Remedial Measure of Reactivation of Abandoned Building in Nigeria

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Chapter One of Causes and Remedial Measure of Reactivation of Abandoned Building in Nigeria

 

Background To The Study

The growing trend in the construction industry of residential building in Nigeria shows many uncompleted projects in reckless states of abandonment worth billions of naira. Abandoned projects are projects once initiated are stopped due to one reason or the other. Causes of abandonment of project include; death of the client, fraud, lack of cash flow forecast etc. Implication of such projects are; social, economic and physical implications some of the proffered recommendation include regular assessment of work in progress, offending contractors should be blacklisted, the procedure of awarding contracts should be devoid of sentiments of favouritism amongst others. The consequence of abandonment of building projects were highlighted to include: tying down of funds and land spaces, extra cost involved in completion of such projects, continued scarcity of residential accommodation, defacing the landscape and harbouring people of deviant behaviour, reduction in the Gross Domestic Product (G.D.P) and the associated stigma. Suggestion were proffered as to how abandoned of projects could be minimised and how some of the abandoned projects could be revived and completed. Prominent among such suggestion include: adequate planning of projects, proper cost planning/financial appraisal of project, proper site investigations, selection of reputable contractors/manager to oversee project execution. The research therefore seeks to investigate the Causes and remedial measure of reactivation of abandoned building in Nigeria.

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