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Study Of Factors Affecting Construction Cost Performance In Nigerian Construction Sites
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The factors were
ranked in order of their degree of severity. It was discovered from the
findings that, these factors are the major ones that results in cost
overrun on construction sites.
(i).Inadequate planning
(ii) Contractors project inexperience
(iii) Inflation
(iv) Incessant variation order
(v) Change in project design
(vi) Project complexity
(vii) shortening of contract period and
(viii) Fraudulent practices.
In order to prevent occurrence of cost overrun or a practice action towards prevention of such, the following are recommended.
(i)inadequate
planning: breaking of project planning into short term achievable
goals, medium term planning and Long term planning
( ii)Studying of project history for possible application on another similar projects
(iii) Bulk purchase of material
(iv)Proper design of the project during design stage so as to avoid. Undue on-project variation
(v)
Establishing fraudulent detecting system or system of individual
accountability to discourage pilfering, stealing and other related
vices.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACT Maintaining steady cost projection on construction projects had been until recently an issue of serious concern, both to the client and project contractors. Cost deviation from initial Cost plan, had been prevalent on Construction sites. However, little or no efforts has made to curtail the phenomenon, it is against this background that this research work attempt to study the factors that are responsible, so as to identify them and proffer possible ways of tackling the menace. The stu ... Continue reading---
