Posted: 2023 | Pages: 85 | Format: MS Word | Chapters: 1-5 | Others: Questionnaires & References

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ABSTRACT

Projects are implemented to enhance the standard of living of the people and its environment. The efforts has been complemented by corporate bodies and individuals with the aim of benefiting from such investment, unfortunately, even when huge capital has been involved in the process, a good number of projects fail to provide the desired benefits and are thereby not successful. Unsuccessful projects therefore constitute public and social nuisance to the society, their presence pose a threat to life, property and interested investors, it also increases the cost of construction. The aim of this study is to examine the roles of Estate Surveyors and Valuers in achieving a successful project delivery using Enugu Urban. Six objectives and six research questions were structured for the questionnaire in the study. Survey design was adopted in this study. The population of the study consists of Registered Estate surveyors and valuers, Builders, Civil Engineers, Architect and Real Estate Developers in Enugu urban. The Taro Yamane’s formula for sample size deterioration was adopted in this study. The method of data collection that was used in this study is the primary source of data. All the data collected through personal distribution of questionnaires and oral interviews were presented, interpreted and analyzed using statistical percentage and frequency analysis. A total of 203 questionnaires out of 246 distributed were used to collect data. The data were presented in tables while analysis was done using statistical percentages. After the analysis, it was found that the Estate Surveyors and Valuers major role in project management is carrying out of feasibility and viability study on investment projects to ascertain if the project will be successfully delivered. Therefore there should be adequate prior feasibility and viability study or appraisal before embarking on any project development, this will ensure a timely and successful completion of any project embarked upon. The study also revealed that Estate surveyors and valuers provides other roles like advising on the source of fund which is the major problem faced by clients in achieving successful project and will help improve the rate economic growth of the state.

CHAPTER ONE

1.0 Introduction

1.1 Background of the Study

Our environment is greatly influenced by the quality and quantity of built up feature which includes buildings, roads, and other civil engineering works and how they relate to one another in the environment providing facilities for social and economic activities.

In the period immediately after independence, and for the first twelve years, various policies on real Estate development have been put in place in which the housing programme was largely made up of activities of the Lagos Executive Development Board, the State Housing Corporation and the Nigerian Building Society. Within this period, the direct involvement of government in the provision of housing was limited only to staff quarters for senior public servants. The programmes of the above mentioned benefited only the high and medium income people (Nigeria Delegation, 1982).

In October 1972, the Federal military Government decided to construct 54,000 housing units in Lagos and they were scheduled to be completed by September 1976 to no avail.

In July 1976, the Federal military Government lunched the Federal Mortgage Bank which in addition to its new mortgage function took over assets liability of the Nigerian Building Society which provided housing units to an extent. In recognition of the fact that land availability in Nigeria constituted the largest constraints the faster provision of housing stock. Land use panel was set up which provided the land use Decree(now act) No. 6 of 1978 which vested the ownership of land to the state government and the local government council.

The National development plan from 1975-1980 could not achieve the objective “a housing situation in which the average urban worker would not be required to pay more than 20% of his monthly income as rent”. The LUD was lunched to make land easily available for housing development in its implementation made the matter worst than before its enactment.

In 1992, the National Housing Fund (NHF) was established to mobilize financial resources from both the private and public sector of Nigeria. However, over the years in Nigeria, the rate at which projects are not successfully completed seems to be on a steady increase. This is not withstanding the fact that the country has been engulfed in problem of housing shortage in virtually all its urban centers. The effect of this is that all over our cities, one find dilapidated, delinquent and abandoned buildings usually turned into settlement camps by the less privileged persons, destitute and rascals.

Asiodu (2001), observed that the state of housing available to the rate reflection of the decree of development and quality of life in the country shelter, no doubt has a profound impact of the health, welfare and productivity of every individual. This study has been brought about by all important need to seriously examine the reason why projects are not successfully completed with the view of determining what really should be done to put a lasting check to it while at the same time review sliding Nigerian economy and the need to salvage abandoned projects and to enhance the status of Enugu Urban. The requisite roles of Estate Surveyor and Valuers are necessary so as to enhance the well being and security of the inhabitant and external investors in the urban cities.