Risk and contract management practices, and construction projects performance: A test of moderation by managerial skills

LUSAKA – The Zambian construction industry, a cornerstone of the nation's economic development, faces persistent challenges stemming from inadequate risk and contract management practices, according to insights drawn from recent research. While the original study focused on Kenya, its findings resonate deeply within the Zambian context, where infrastructure projects frequently grapple with cost escalations, protracted delays, and quality compromises. Experts note that Zambia's ambitious development agenda, encompassing roads, housing, energy infrastructure, and public facilities, relies heavily on the efficient execution of construction projects. However, a systemic deficiency in identifying, assessing, and mitigating project risks, coupled with lax contract administration, often derails these vital undertakings. This leads not only to financial strain on the national treasury and private developers but also delays the delivery of essential services to citizens. The study, which examined the interplay between risk management, contract management, and project performance, particularly highlighted the moderating role of managerial skills. It posited that even with well-defined processes, the absence of competent project managers capable of navigating complex contractual obligations and unforeseen risks can severely undermine project success. For Zambia, this implies a critical need to invest in the training and development of project management professionals within both public and private sector entities. Cost overruns, a common lament in Zambian construction, are frequently linked to poorly defined scopes, inadequate tendering processes, and a failure to anticipate market fluctuations or supply chain disruptions. Similarly, delays often stem from disputes over contract interpretations, unforeseen ground conditions, or a lack of timely approvals from regulatory bodies. Effective contract management, from meticulous drafting to diligent oversight of execution and di