A structured questionnaire was designed and administered to Developers, Student Affairs Division and Physical Planning and Works Department of Federal Universities. An interview was also conducted with the Infrastructure Concession Regulatory Commission. Data was analysed using Percentages, Mean and Relative Importance Index (RII). The study found that Federal Universities in Nigeria are ready to implement this policy with a readiness assessment score of 3.63 out of 5. Developers are aware and willing to participate in the scheme. The level of private sector participation was found to be low as only 5 BOT projects were identified. Inadequate knowledge and understanding of BOT scheme by prospective developers (RII=0.86); Time and Cost Intensiveness a BOT Project (RII=0.8), Preference for traditional procurement route (RII=0.78) were factors militating against implementation of the scheme by Universities. High interest Rate on Loans (RII=0.83), Lack of availability of long term loan (RII=0.82), Inconsistent Government policy (RII=0.81) are most important challenges faced by developers in adopting Build Operate Transfer for provision of hostel accommodation in tertiary institutions. The study concludes that ensuring fairness, competitiveness and transparency in the procurement process, standard/rarely altered academic calendar, acceptable rent charges (flexible and adapted for adjustment) and mutual trust are practices that could enhance BOT adoption in hostel provision in Nigerian Universities.
Related Posts
COMPARATIVE ASSESSMENT OF THE STRENGTHS OF SOLID AND GLUED LAMINATED TIMBER
Abstract Timber is a construction material with unparalleled environmental credential. Howbeit, limitations of span and cross- sectional dimension, strength reducing defects…
AN APPRAISAL OF CONSTRUCTION PROJECT PLANNING IN NIGERIAN INDIGENOUS CONSTRUCTION COMPANIES
ABSTRACT Planning in construction involve defining the activities, actions, time, cost, durations and performance milestone which will result into successful…
BUILDING COLLAPSE: CAUSES AND IT INFLUENCE ON HOUSING DEVELOPMENT IN AKWA IBOM
ABSTRACT This study was aimed at investigating the “Building collapse; causes and it influence on housing development in Akwa Ibom…