Internal Factors Influencing Joint Venture on Housing Projects Delivery in the Federal Capital Territory, Abuja

Ogunleye B.t, Abayomi M.A. and O.p Ologunwa
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Ogunleye B.t: Chrisworth Technologies,Management Technology, Federal University of Technology, Akure, Nigeria.
Abayomi M.A.: Department of Entrepreneur,Management Technology, Federal University of Technology, Akure, Nigeria.
O.p Ologunwa: Department of Project Management Technology, Federal University of Technology, Akure, Nigeria.

International Journal of Research and Scientific Innovation, 2024, vol. 11, issue 8, 572-585

Abstract: The urgency of addressing the problem of inefficient housing development in urban regions has necessitated research into the drivers of housing project delivery in the construction industry. This study investigates the influence of internal factors on joint ventures in housing project delivery within a specific area. The study adopted an Ex Post Facto research design, a quasi-experimental approach. The study population included members of the Real Estate Developers Association of Nigeria and their stakeholders in the FCT, Abuja, which comprised developers, landowners, project professionals, government agencies, and financial institutions, with a focus on joint ventures from 2006 to 2021, selected based on accessibility, profit margin, and years of experience. Data was collected from a sample of 384 respondents using A multi-stage sampling procedure. Utilizing descriptive and inferential statistical analyses, the research examines variables such as intra-partner characteristics, inter-partner fit, partner selection, contracts, managerial characteristics, and gender parity. Descriptive statistics reveal the distribution of these variables among 38 respondents, while a structural path model illustrates their relationships with housing project delivery. Regression analysis further confirms the significance of intra-partner characteristics, inter-partner fit, managerial characteristics, and gender parity in influencing project outcomes. However, partner selection and contracts were found to have no significant impact. The findings highlight the importance of fostering strong intra- and inter-partner relationships, enhancing managerial skills, and promoting gender diversity to improve housing project delivery. Recommendations for future research include exploring additional variables and conducting longitudinal studies to understand the long-term effects of internal factors on project success.

Date: 2024
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