A FACTORIAL STUDY OF CONTRACTOR SELECTION CRITERIA IN OIL INDUSTRY
DOI:
https://doi.org/10.4314/njt.334.854Keywords:
contractors, factor loading, varimax rotation, likert scale, earliest-start-time passionAbstract
This paper was designed to investigate the various contractors’ selection criteria and information sources on contractors so as to determine the common significant ones used for the selection of contractors within the oil industry in the Niger- Delta. The study employed a survey approach, using the Rensis Likert’s attitudinal scale, to generate respondents data matrix that was analysed with principal component analysis (PCA), and which was facilitated by statistiXL software which clustered the fifty variables into fourteen fewer dimensions and the ten information variables into three dimensions. Our findings showed that the key selection criteria are acculturation, outsourcing management, duration of work, worker welfare and adherence to clients health. Others include safety and environment (HSE) programme, delivery capability, contractors responsiveness, quality assurance, innovation and drive to complete work and installation skill. Overall, this study has been successful in providing broad guide for contractors/vendors selection decisions for improved service delivery in the oil and gas industry.
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