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Assessment of procurement methods used for executing maintenance works in Lagos state
Abstract
traditional contract, cost reimbursement contract and measured term contracts, are the most commonly adopted procurement methods in Lagos state for maintenance works. Time duration, cost of project and quality level required, are the major factors influencing the choice of procurement methods. Others are risk allocation, price competition and flexibility of contract. Finally, better access to special skills, getting the latest technologies, higher quality work and higher security are the important efficiency factors for out-sourcing and in-sourcing.
Key words: In-sourcing, Lagos state, Maintenance works, Out-sourcing, Procurement