Developing Plant and Equipment Policy for Indigenous Construction Firms in Nigeria
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Abstract
Description
Plant and equipment play an increasing role in building/engineering operations in such a
way that both time and money can be saved by their efficient use. The paper therefore
discussed the general plant policy in the construction industry and went further to
develop a plant/equipment policy for indigenous construction firms in Nigeria. Using a
stratified sampling technique, the opinions of ninety indigenous contractors were
randomly sampled from three commercial nerve centres ofthe country (Lagos, Abuja and
Port Harcourt). The paper revealed that the indigenous construction firms invest little or
nothing on plant/equipment purchase and therefore have no policy in place. It then
concluded that for the plant policy to be efficiently executed, it is desirable to install a
recording and costing system which should include, among other things, an asset register
comprising an inventory of each plant item in the fleet with information on the date of
purchase, registration/code number, location and the hours operated.
Keywords
HD Industries. Land use. Labor, TH Building construction