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Ayedun, C.A.
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Civil Engineering, Building, Construction & Architecture Economics, Econometrics & Finance Materials Science & Nanotechnology

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Clients’ Perception of the Reliability of Property Investment Valuation in Nigeria Ayedun, C.A.; Oloyede, S.A.; Iroham, O.C.; Oluwunmi, A.O.
Mediterranean Journal of Social Sciences Vol. 2 No. 3 (2011): September 2011
Publisher : Richtmann Publishing

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Abstract

The question of overvaluation and under valuation has been a subject of intense debate in the valuation industry for more thantwo decades now. However, the discussion started taking prominent position in Nigeria in the late 1990s. The effect of unreliablevaluation in any economy cannot just be over emphasised as valuation estimates given by valuer during valuation exercises are verygermane to the decision to be taking by clients seeking for the valuer’s advice. This paper set out to ascertain the perception of clients to thereliability of valuation figures emanating from Nigerian valuers. Twenty four commercial banks and fifty property companies wererandomly chosen sampled in Lagos State. The data collected were analysed using descriptive statistic. The study revealed that clients wereof the opinion that valuation figures from Nigerian valuers were inaccurate and unreliable based on their experiences. The study concludedthat Nigerians valuers needed to be more thorough and painstaking in their valuation assignments so as to make valuation estimatesemanating from them more accurate and reliable.
An Assessment of the Effect of Remuneration on the Construction Performances of the Professionals in the Nigerian Building Industry Awolesi, J.A.B.; Ayedun, C.A.
Mediterranean Journal of Social Sciences Vol. 3 No. 1 (2012): January 2012
Publisher : Richtmann Publishing

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Construction professionals are the authors on one hand and co-executors of construction projects on the other,therefore, the quality of the services expected of them in construction project delivery as environmental resource manager is key.This paper investigated whether quality of service of the construction professionals in Nigeria is influenced by the level ofprofessional fees receivable for services rendered hence their resource management role. The determinants of service qualityare identified and their means of evaluation examined using the SERVQUAL; instrument used for measurement of the servicequality on responses got from a set of questionnaires administered on the construction stakeholders comprising of theconstruction clients on one hand and the construction professionals on the other hand in Lagos, Nigeria with a view to assessingthe perception of the clients regarding the quality of services being received from their construction professionals vis-a-visclients expectations. The study revealed that there was no significant relationship between the level of fees paid and the qualityof service rendered by the construction professionals as the result of the analysis of variance between service quality gap andthe various methods of fees paid is not reflected in the service quality of construction professionals.
Co-Authors Awolesi, J.A.B. Iroham, O.C. Oloyede, S.A. Oluwunmi, A.O.