Construction Contract Termination of Public Building Projects in Western Oromia. Study on Causes and Effects
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Master's Thesis from the year 2023 in the subject Engineering - Civil Engineering, grade: 3.58, , course: Construction Management, language: English, abstract: This research assesses and identifies the causes and effects of construction contract termination in the western Oromia region. Understanding this mechanism might prevent their failure in future contracts. However, due to the complex nature of the construction projects; the risk involved in them is also very high. According to the owner's requirements and within a limited budget it was a very difficult task to achieve a virtuous outcome...
Master's Thesis from the year 2023 in the subject Engineering - Civil Engineering, grade: 3.58, , course: Construction Management, language: English, abstract: This research assesses and identifies the causes and effects of construction contract termination in the western Oromia region. Understanding this mechanism might prevent their failure in future contracts. However, due to the complex nature of the construction projects; the risk involved in them is also very high. According to the owner's requirements and within a limited budget it was a very difficult task to achieve a virtuous outcome by the contractor of the project. Contracts are made to be performed by the responsible parties and parties enter into a contract have to perform it as expected by the terms of that contract. A failure to perform following those terms is the breach of contract which will entitle the other party to have an appropriate remedy based on the contract. The study has been conducted in Western Oromia Region (WOR) public building projects of various projects to access the nature of contract terminations. This was because of the observed problems that might hinder the construction of the public projects and these processes delimit the problem of the administration and the users of the projects. In developed countries and countries with economies in transition, other than the least developed countries, their local construction industries have the lions share in market opportunities. However, for least developed countries, the construction industries are dominated by Foreign Service providers to the tune of at least 65% in terms of money value of market share. For example, in the Southern Africa Development Community region, and with the exception of South Africa, local contractors and consultants have approximately 30% market share in the region; Malawi (23%), Swaziland (35%), Tanzania (20%), South Africa 85%.
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