Influence of disbursment of funds on implemenatation of projects: a case of Thika Road project
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Project implementation is the principal means through which governments meet developmental needs such as the provision of physical infrastructure and the supply of essential commodities.This study assessed the influence of fund disbursement on implementation of these projects focusing on Thika Road construction project. The main objective of this study was to assess disbursement of funds on implementation of projects in terms of funds timeliness, disbursement schedule and amount disbursed. The study adopted a descriptive survey design which aimed at carrying out an assessment of fund disbursement on implementation of project focusing on Thika road Project. The target population comprised of directors, accountants engineers and auditors from the Ministry of roads and public works, African development bank and Chinese contractors, through stratified sampling study population of 40, a sample size of 36 was taken giving a respondent base of 32. The primary data for this study was collected using an interview and questionnaires and complemented by desk research hence ensuring that detailed and relevant information on the subject of study was collected. The collected data was well examined and checked for completeness and comprehensibility. The data was then summarized, coded and tabulated. Descriptive statistics such as means, standard deviation, correlation and frequency distribution was used to analyze the data. Data presentation was done by the using of percentages and frequency tables. Inferential statistics such as regression and correlation analysis was used to establish whether fund disbursement influences implementation of projects. From the findings the study concluded that the disbursement of Thika Road project implementation fund influences the success of project implementation and also delays in disbursement of the fund hinders project implementations and that effective disbursement of fund in good time facilitates successful implementation of Thika Road Projects. The study finally concluded that the amount allocated for the implementation of projects should be sufficient and disbursed as per schedule to cater for all the expenses of the implementation process and any other unanticipated events to avoid project implementation failure or delay causing economic hiccups m development.