make install error

I get the following error when doing make install or gmake install
I am doing this as root, and I am using SuSE 8.2 Pro.
Anyone have any ideas why I am receiving this message?



./install.sh -c -m 755 xqtime /opt/hsdi/qtime/bin
gmake: execvp: ./install.sh: Permission denied
gmake: *** [install] Error 127