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A Study On The Trends In Building Cost In Nigeria
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1.1 STATEMENT OF THE PROBLEMS
One of the challenges faced by the
construction industry in Nigeria is the fluctuation of the prices of
building materials which lead to upward and downward movement of
building cost in Nigeria.
Most average Nigeria citizens are of low
income thereby making it difficult for them to own a building if these
trends are not properly study to plan ahead of time for a given project.
1.2 AIMS AND OBJECTIVES OF THE STUDY
1.2.1 Aim: The aim of this study is to access the trends in building cost in Nigeria from (2000-2010).
1.2.2 OBJECTIVES
This project has the following objectives:
To identify the behavioural pattern of building cost within a given period of time.
To determine the effects of these trends as it affect the society
To identify the causes of trends and how it can be controlled in the society.
To make probable recommendations on where appropriate.
1.3 SIGNIFICANT OF THE STUDY
To ascertain possible ways of using cost comparison of different cost of building project in Nigeria.
1.4 SCOPE AND LAMINATION
This
thesis is to examine a general tendency on how cost of building changes
in regards to time and in relation to plant, labour and materials.
The
study is limited to the comparison of the cost of a two bedroom
bungalow over a period of ten years(10yrs) through updating of some
major building element obtained from bill of quantities from tender
rates in relation to the trends from (2000 – 2010) using the cost index
method of analysis.
1.5 METHODOLOGY
The method adopted for this thesis includes: oral interviews, questionnaires and case study of two (2) bedroom bungalow.
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