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An Evaluation of Traditional Contract Method on Residential Building Projects

Fagbenle, Olabosipo I. and Ojo, Stephen O. and Adeyemi, Aderemi Y (2003) An Evaluation of Traditional Contract Method on Residential Building Projects. In: Global Construction, 1st - 4th December, Lagos, Nigeria.

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Abstract

In order of priority of basic human needs, housing is recognized worldwide as second ·to food and comes before clothing. This high priority coupled with United Nations aggressive campaign for adequate shelter for all citizenry has forced governments of nations to embark on direct construction of housing units for their people. In Nigeria, government direct intervention in housing delivery to the masses took the form of traditional contract procurement. This paper reports the result of a survey carried out to know the performance of this procurement method in relation to time and cost overrun. Valid data from fifty-seven residential projects ranging from one million to one hundred million Naira in itiated by government between 1993 and 1999 couple with questionnaires administered on Clients, consultants and contractors were used for the analysis was to establish whether there is significant difference between the mean time overruns and the mean cost overruns of traditional contract on residential projects of different cost categories. The result showed that the traditional contract performs better in terms of time overruns (18.98%) when used to procure residential building projects of five million Naira and below. However the procurement method performs better in terms of cost overrun(9.13%) for projects above ten million Naira. Attempts were also made to know if a relationship exists between time and cost in each category.

Item Type: Conference or Workshop Item (Paper)
Subjects: T Technology > TH Building construction
Divisions: Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User: Mr Solomon Bayoko
Date Deposited: 21 Jan 2015 14:08
Last Modified: 21 Jan 2015 14:08
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/3360

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