hrcak mascot   Srce   HID

Izvorni znanstveni članak
https://doi.org/10.1515/otmcj-2016-0001

Effect of bond administration on construction project delivery

Ayodeji Emmanuel Oke   ORCID icon orcid.org/0000-0001-6551-8634 ; Department of Quantity Surveying, Federal University of Technology, Akure, Nigeria

Puni tekst: engleski, pdf (345 KB) str. 1390-1396 preuzimanja: 737* citiraj
APA 6th Edition
Oke, A.E. (2016). Effect of bond administration on construction project delivery. Organization, technology & management in construction, 8 (1), 1390-1396. https://doi.org/10.1515/otmcj-2016-0001
MLA 8th Edition
Oke, Ayodeji Emmanuel. "Effect of bond administration on construction project delivery." Organization, technology & management in construction, vol. 8, br. 1, 2016, str. 1390-1396. https://doi.org/10.1515/otmcj-2016-0001. Citirano 05.08.2021.
Chicago 17th Edition
Oke, Ayodeji Emmanuel. "Effect of bond administration on construction project delivery." Organization, technology & management in construction 8, br. 1 (2016): 1390-1396. https://doi.org/10.1515/otmcj-2016-0001
Harvard
Oke, A.E. (2016). 'Effect of bond administration on construction project delivery', Organization, technology & management in construction, 8(1), str. 1390-1396. https://doi.org/10.1515/otmcj-2016-0001
Vancouver
Oke AE. Effect of bond administration on construction project delivery. Organization, technology & management in construction [Internet]. 2016 [pristupljeno 05.08.2021.];8(1):1390-1396. https://doi.org/10.1515/otmcj-2016-0001
IEEE
A.E. Oke, "Effect of bond administration on construction project delivery", Organization, technology & management in construction, vol.8, br. 1, str. 1390-1396, 2016. [Online]. https://doi.org/10.1515/otmcj-2016-0001

Sažetak
Construction bond administration involves management of bond issues from inception of obtaining bond from guarantor to the point of release of contractor by the client. This process has posted a lot of challenges to construction stakeholders; it is therefore, necessary to examine the relationship between bond administration and project success. Archival data of completed bonded building projects were gathered through a pro forma developed for this purpose. Using Pearson product moment of correlation, it was revealed that the cost of securing a construction bond has a positive and significant effect on the initial and final costs of the project, while the number of days needed to secure a construction bond has no significant effect on the initial and final durations of the construction project. In order to establish the relationship between project delivery indices of cost and time and the construction bond administration variables, iteration of linear regression was adopted to arrive at the best-fit equation. Factors affecting the cost of securing construction bonds from guarantors should be identified and given adequate attention by construction stakeholders in order to minimize the effect of construction bond administration on project delivery.

Ključne riječi
bond; construction bond administration; guarantee; project cost; project duration; project success; risk management

Hrčak ID: 175520

URI
https://hrcak.srce.hr/175520

Posjeta: 936 *