Department of Building

University of Lagos,
Akoka, Yaba, Lagos.
February, 2017.
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Dear Respondent,

QUESTIONNAIRE ON THE EFFECT OF CASH FLOWS ON PROJECT PERFORMANCE

The Questionnaire has been designed to elicit information/data on a research on Effect of Cash Flow on

Project Performance of Nigerian Contractors in partial fulfillment of the requirement for a Master of

Science degree in Construction Management. Kindly complete the questionnaire by choosing the

appropriate response.

This questionnaire is meant to be filled by contractors in the construction industry in Nigeria. The

information provided will be treated with utmost CONFIDENTIALITY and used purely for academic

purposes. I look forward to receiving a completed questionnaire from you within a week.

Thank you for your cooperation.

Iyere Ojerikhe Esangbedo

iyeree@yahoo.co.uk
+2348023898074
SECTION A: General information

RESPONDENTS PROFILE
INSTRUCTION: Please provide appropriate answers by ticking () the option that best agrees with your
opinion.
1. Age Group (in years): < 30 [ ]1 30-39 [ X ]2 40 - 49 [ ]3 50 and above [ ]4
2. Highest academic qualification of the respondent: OND [ ]1 HND [ ]2 Bachelors degree [ X
]3 Masters degree [ ]4 Other (please specify).......................[ ]5

3. Profession of the respondent : Architecture [ ]1Building [ ]2Civil Engineering[ X ]3 Quantity

Surveying[ ]4 Project Management [ ]5 Other(please specify)... [ ]6.

4. Professional body NIA [ ]1 NIOB [ ]2 NIQS [ ]3 NSE [ ]4 Other(please

specify)... [ ]5
5. Years of construction experience of the respondent: Below 10 years [ X ]110-19 years [ ]2 20-29
years [ ]3 30-39 years [ ]4 40-49 [ ]5 50 years and above [ ]6

COMPANYS PROFILE
1. Ownership of organisation? Indigenous [ ]1 Expatriate [ X ]2
2. Age Group (in years): < 30 [ ]1 30-39 [ ]2 40 - 49 [ X ]3 50 and above [ ]4
3. Number of employees: not more than 5 [ ]1 6 - 10 [ ]2 11 - 20 [ ]3 20 and above [ X ]4

4. Total turnover for 2016:

5. Type of company: Main Contractor [ X ]1 Sub-Contractor [ ]2

SECTION B: RATING OF EFFECT OF CASH FLOW ON CONSTRUCTION PROJECT
PERFORMANCE

Please carefully read each of the following statements and respond by ticking in the response box that
best reflects your opinion. Please answer the following questions in respect of a recently completed project
in which you were involved.

State the level to which you agree with following statements about cash flow and how it affects project
performance (Cost and Time). Using 1 for No effect, 2 for little effect, 3 for Moderate effect, 4 for high
effect

Project Performance COST TIME

1 2 3 4 1 2 3 4

1. Advance payment

2. Amortization

3. Honoring of certificate

4. Delay in payment of labour

5. Delay in payment of sub-contractor

6. Credit facilities by suppliers

7. Variation

8. Claims

09. Initial Contract Sum: N

10. Final Contract Sum: N
11. Planned completion period: ...weeks
12 Actual completion period: .....weeks
13. Average period of honoring certificate by client: less than 1month [ ]1 1- 3 months [ X ]2 3 6
months [ ]3 above 6months [ ]4

(Note: number 14 refers to the period between when certificate is presented and when payment is made)
SECTION C: STRATEGIES FOR MANAGING CASH FLOW ON CONSTRUCTION PROJECTS

How often does your company adopt the following strategies in managing cash flow on construction
projects? Using a 5-point Likert scale of 1-Never 2-Rarely, 3-Sedomly , 4-Often and 5-Very Often;
determine your level of involvement of use on the following cost management techniques. Please kindly
tick the appropriate Box.

Strategies 1 2 3 4 5

1. The mandatory creation of a trust account * for payment of

retention monies
2. Credit facilities from sub-contractor

3. Request for advance payment

4. Credit facilities from suppliers

5. Front end loading(Increase earlier rates and reduce later rates

in the bill)
6. cash flow forecast which is based on the schedule, when
payments will be made
7. Payment of gross valuation backed with retention bonds

8. Over billing or under billing certain milestones in the bill

9. Training project managers on cash flow

10. Claims
SECTION D: OTHER AVAILABLE SOURCES IN WHICH CONSTRUCTION FIRMS CAN GET
FINANCE

Please carefully read each of the following statements and respond by ticking in the response box that
best reflects your opinion. Please be completely open and honest in your responses.

What are the other sources of finance that are used by your company? Using a 5-point Likert scale of 1-
Never 2-Rarely, 3-Sedomly , 4-Often and 5-Very Often; determine your level of involvement of use on
the following cost management techniques. Please kindly tick the appropriate Box.

FINANCE 1 2 3 4 5

1. Loans from financial institutions.

2. Obtain cash from individuals and non-financial institution to

conserve the working capital.
3. Sells shares as a means to raise funds for execution of the
project.
4. Leases on fixed assets

5. Dividends accrued from investment.

(example: dividends from bonds or fixed assets, renting of
machinery or rents from property owned)

6. Specify others if available..